Data Enriched Payments

Digital payments to enhance speed, transparency and security in AP/AR processes

AP and AR systems remain highly dependent on paper and manual processes. However, the pandemic has renewed momentum behind digital transformation efforts – reshaping digital payments in the long run and swiftly ushering in a new normal.

Conduent’s Jim Stanley, Director, Commercial Payments and Nikhil Nayab, Global Head, Payments Innovation and Blockchain discuss the benefits of graduating towards metadata-backed payments, how faster payment solutions like RTP are increasingly becoming part of the conversation, and a roadmap for the successful digitization of B2B payments.

Conduent’s Data Enriched Payments solution leverages our payment platform, ConnectPay, and enables seamless access to multiple payment methods, such as checks, wires, Automated Clearing House (ACH), Realtime Payments (RTP) and Virtual Cards.

With this solution, our clients can maximize efficiency, reduce the use of costly paper checks, minimize fraud risk and optimize working capital.

Explore more here.