Wednesday, May 29, 2024
HomeInformation TechnologyIn 2023, Retailers Expect Payment Service Providers To Deliver More

In 2023, Retailers Expect Payment Service Providers To Deliver More

In order to assist financial institutions in expanding their customers, RelPro and Rivel have teamed together.

According to a news statement from the firms, the new partnership combines Rivel’s customer perception data with RelPro’s business development and relationship management platform.

According to the press release, Corey Wrinn, managing director for CXLign Banking at Rivel, “banks and credit unions can target the right prospects tied to their growth strategy beginning with Rivel’s local market opportunity and perception data and utilizing RelPro’s comprehensive insights on U.S. companies and decision-makers.”

According to studies, financial institutions (FIs) and businesses of all sizes are attempting to modernize B2B payments while also dealing with a variety of difficulties related to B2B payment frictions.

According to “Meeting the Challenge of Payments Modernization: How Organizational Size Influences Innovation,” three-quarters of FIs report that their corporate clients encounter money management frictions when processing B2B payments, with smaller FIs more likely to report this.

According to the research, these snags frequently include working capital management, expenditure management, real-time cash flow management, and real-time reporting.

To make account administration simpler, has discovered that these consumers prefer working with a single FI.

According to “Bundled Banking Products,” a and Amount partnership, more than half of customers are interested in bundled banking accounts because those solutions are easier and more easy to use, make it easier to monitor and track spending, and are provided by an organization they trust.

Keep exploring...

The Tech Giants, Microsoft, to Announce the Next Generation of Windows

Microsoft, which is truly a tech giant, is holding a launch event on 24th June 2021. It is expected that they might announce the...

Software Updates for AirTags which were Released in April by Apple

AirTags were released by Apple in April to inform the users about their belongings. The concerns which were raised by the users of being...

Places to travel

Related Articles

What benefits does campaign management software offer?

Software that manages campaigns: understanding its roleKey Features and Capabilities of Marketing Campaign Management...

Global Customer Insights, Statistical Data Solutions, and Research Analysis for Virtual IT Labs Software

Who is the world's largest manufacturer of Virtual IT Labs Software?Market Insights and Key...

Narrowband IoT Market: A Game-Changing Innovation with New High-Growth Market Sectors

Who is the world's largest manufacturer of Narrowband IoT?Short Description About Narrowband IoT Market:What...

Market Size, Trends, and Forecast for the Automotive Cybersecurity Market to 2030

Automotive Cybersecurity Market The market information for each competitor has 102 pages and includes...

Size, Obstacles, Opportunities, Market Share, Income, and Forecasts for the Artificial Intelligence in Life Sciences Market from 2023 to 2030

Analysis of the Artificial Intelligence in Life Sciences Market study helps to create internal...

Structure of the E-Commerce Search Software Market in 2023, including its size, trends, revenue, and segments, with a forecast through 2030

Analysis of the E-Commerce Search Software Market research helps to shape internal business competitiveness and...

Size, Forecasted Share, and Scope of the Virtual IT Labs Software Market for 2023-2030

The research study contains profiles of the following key firms in the Virtual IT...

Artificial Intelligence in Platform as a Service (PaaS) Market Trends and Opportunities, 2023 to 2030

"Artificial Intelligence in the Platform as a Service (PaaS) Market: Analysing Trends, Optimising Strategies,...