Ahead in the cloud: Technology driving payments innovation
The way corporate treasurers pay and get paid has evolved rapidly in recent years; enabling this change is cloud technology, says Bottomline’s Marcus Hughes.
The widespread use of data transformation, and the growing adoption of APIs, are making it easier for systems to communicate. This alone is resulting in the highest levels of straight-through processing. But new regulations, compliance requirements and payment instruments and formats are further encouraging innovation and competition so that real-time payment systems are now a reality.
