Fed Releases 2024 Business Payments Study Results

A new survey from Federal Reserve Financial Services shows U.S. businesses are increasingly using instant payments to solve common payment pain points — and those using instant payments report 10% greater satisfaction with their primary financial institution than businesses that do not. Appetite for greater availability of instant payments is being fueled by a variety of innovative use cases that can benefit areas across businesses’ day-to-day operations.

Click Read More below for details on the key benefits driving faster and instant payment adoption and other trends in the business payment space.