Faster payments may have an uncertain future in the B2B world but a new survey released from Bottomline Technologies suggests most treasury executives have already implemented same-day payment capabilities In its report published Thursday Oct 4 Bottomline Technologies along with Strategic Treasurer and Bank of America found nearly two-thirds of treasury professionals surveyed 64 percent are already using either same-day payments and or another kind of immediate payment solution Researchers surveyed about 275 corporate treasury and other executives across the globe across industries and across company sizes to understand their views and practices in B2B payments The results painted a picture of planned investments in card programs efforts to automate both accounts receivable and accounts payable and keep security top-of-mind when investing in payments technology But conclusions drawn regarding significant adoption of faster payment capabilities may surprise some Researchers highlighted that the findings do not necessarily reflect use of same day ACH in the US however with same-day payments capabilities provided through an array of services across the globe Even so ACH payments remain a popular rail for treasurers One-third of businesses said they either already or plan to use same day ACH While this level of use is much higher than other services and networks that may be due to the fact that many corporates tech infrastructures are perfectly aligned to quickly implement same day ACH services with little interruption the report stated while other methods ie blockchain would require a more large-scale technology overhaul One-fifth of survey respondents use or plan to use Real-Time Payments while 13 percent use SWIFT gpi and 10 percent use EBA Clearing researchers found Five percent of executives said they are using or plan to use blockchain to accelerate B2B payments a significant portion considering the novelty of the technology Payroll is often considered a top target of faster B2B payment technologies and while more than one-third of respondents plan to target payroll with faster payment implementation the most common target is accounts payable cited by 57 percent of respondents followed by emergency payments 54 percent Its worth noting however that payroll use cases may be included in emergency payments YOU MIGHT ALSO LIKE accounts payable B2B B2B Payments bottomline technologies faster payments News payroll real time payments Same-day ACH same-day payments supplier payments treasury Whats Hot In B2B