A payment is the transfer of monetary value from one party to another, either in cash or noncash form. Cash payments are made through the exchange of physical currency, while noncash payments usually involve transferring value between bank accounts via payment systems. Banks facilitate these transfers for their customers through multiple electronic and paper-based systems. MORE.

Recent Articles

  • Jul 10, 2025

    No More Delays — the ISO 20022 Fedwire Deadline Is Here

    After much speculation about further delays, the Federal Reserve announced in June that it is sticking to its plans to adopt the ISO 20022 standard for the Fedwire® Funds Service on July 14, 2025.
    Learn More
  • Jul 9, 2025

    4 Statistics to Inform Your ACH Payments Strategy

    As part of AFP’s Best of AFP 2024 webinar series, industry leaders from Nacha and the corporate community came together to share the latest insights on ACH adoption, innovation and strategy.
    Learn More
  • May 12, 2025

    How to Maximize Working Capital by Paying Faster

    Today’s finance leaders are rethinking the traditional playbook. Through the strategic use of virtual cards, dynamic discounting and supply chain financing, they are extending days payable outstanding (DPO), generating rebates and reinvesting working capital more effectively.
    Learn More

Featured Content