The global economy runs on efficient cross-border account-to-account (A2A) payments, and yet the average global straight-through processing (STP) rate is as little as 26% according to LexisNexis® Risk Solutions recent study into the True Impact of Failed Payments.
Deteriorating macroeconomic conditions and rising inflation pressures leave little room for payments failures, costly errors and operational delays. Failed payments are eroding profitability and impacting performance in a climate where businesses need their money to work harder than ever.
Today’s global economy makes it critical for the payments function to contribute greater strategic value by helping the enterprise extend capital efficiency and better leverage liquidity.
Our report illustrates how fast payments solutions, such as payment processing APIs, are enabling payments teams to realize higher straight-through processing rates, facilitate frictionless payments and achieve measurable performance gains.
Take a closer look to learn how fast payments solutions and more accurate global payments data put the payments function in an optimal position to create enterprise cost synergies and contribute greater overall value.
Click on the link to download this LexisNexis whitepaper to know more.
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