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Speed Bumps on the Road to Digital Transformation


Date 02:00 PM - 02:50 PM (0 hours 50 minutes)
Wednesday, May 08
Faster Payments Experience

With all of the digital payment methods now available for disbursements, why are so many businesses still writing checks? Particularly for Business-to-Consumer (B2C) and Business-To-Small-Business (B2SB) payments, where plenty of digital payment options abound? The answer may be found in the number of payment choices that now exist. The available options – steeped with challenges around integration, storage, data collection and aging technology stacks; fraud and risk concerns; and navigating the new payment rails - may be overwhelming for businesses looking to make the change to digital payments. But businesses not addressing these challenges face the growing stagnation of their paper intensive processes, and risk missing the huge opportunity and potential cost savings that digital payments offer. Speakers in this session explore how new and existing solutions can help address these challenges, and how might assist businesses in finally moving to digital payments.