EXECUTIVE SESSION: The Times They are A-Changing: Payment Transformation in Times of Crisis
The arrival of COVID-19 accelerated payment transformation, where paper payables and receivables are rapidly shifting to electronic. While this change has brought about significant benefits, it has also raised concerns. Panelists look at how the desire to introduce new, real-time payment types has brought forth the need to perform improved due diligence prior to payment execution. Attendees gain invaluable insights into how these shifts are accelerating faster payments, eroding check processing and positively impacting ROI.
Questions answered during this session:
1. How have businesses responded in times of crisis and what types of innovations or changes to their businesses have been introduced?
2. What strategic changes have evolved for businesses and FIs since the arrival of COVID-19?