B2B Electronic Payments: Coming Soon?

Celent analyst Alenka Grealish writes for Bank Systems and Technology about business-to-business electronic payments and why higher volumes can be expected over the next five years.

Despite the formidable incumbent status of the check in business-to-business transactions, its dominance will wane. Various industry, technological and regulatory trends will propel the adoption of e-payments. The drivers of adoption include both collaborative and competitive forces and players outside the banking realm. The era of banks' molding of payment systems in their favor is over. Next-generation payment systems will be structured with corporations' needs in mind and will be influenced by technology providers.