Skip to content
Payment Methods

Standard ACH
Standard processing times.

Same Day ACH
Expedite your payments.

Instant Payments
Transfers in near real-time.


Real-time notifications.

Correlation IDs
Tracking transactions and reconciling bank records.

Addenda Records
Additional transaction information, like a note or memo.


Open Banking Services
Instant account verification, balance checks and fraud mitigation.

Digital interactions result in unique identifiers.

Bank Verification
Smoother, safer, more efficient transactions.

Secure Exchange Solution
Securely exchange data with trusted partners.


Sandbox Environment
Simulate use cases and try out features.

Dedicated Support
Supporting your payments journey.

2 min read

5 Key Payment Trends CFOs Need to Watch in 2024

The payments landscape is undergoing a seismic shift, driven by technological advancements and evolving consumer expectations. As Chief Financial Officers (CFOs) navigate an increasingly complex financial world, staying ahead of the curve is crucial. Below we explore five key payments trends that CFOs should be watching closely in 2024.

1. Digital Transformation Takes Center Stage

The demand for streamlined and convenient payment experiences is driving the digital transformation of payments. Businesses are increasingly replacing legacy technology with cloud-based solutions and automating manual processes, resulting in improved efficiency, reduced costs and enhanced security. We recommend CFOs prioritize digital initiatives, investing in technologies that optimize the entire payment cycle, from onboarding to reconciliation.

2. Account-to-Account (A2A) Payments: The Rise of Instant and Secure Transactions

A2A payments allow for direct transfers between bank accounts, bypassing traditional payment methods (like cards and paper checks) and offering significant cost savings. With the launch of FedNow in 2023, instant A2A payments are becoming the new standard, providing businesses and individuals with near-instant access to funds. CFOs should embrace A2A solutions to optimize working capital management, improve cash flow and payment predictability, and facilitate faster payments to vendors and suppliers.

3. Open Banking: Unlocking a World of Financial Innovation

Open banking empowers third-party providers to access financial data with customer consent, paving the way for innovative financial services. This trend opens up a world of possibilities for CFOs, enabling them to leverage real-time financial data for improved budgeting, forecasting, and financial decision-making. Additionally, open banking helps facilitate embedded finance solutions and allows businesses to offer financial services within existing workflows, enhancing customer experience and loyalty.

4. The Demand for Faster Payments

The demand for instant payment settlements is growing rapidly. Based on their experiences with streaming services and on-demand deliveries, consumers now expect lightning-fast payment processing, raising the bar for businesses across all industries. The businesses that implement real-time payment solutions can gain a competitive edge by providing a faster and more convenient payment experience. They’ll also reap benefits such as improved cash flow, increased data visibility and reduced fraud risk.

5. The Growing Importance of Cybersecurity

As the payments landscape becomes increasingly digital, the threat of cyberattacks is ever-present. We recommend CFOs prioritize cybersecurity measures, investing in robust security solutions and protocols to protect sensitive financial data. Implementing data encryption, multi-factor authentication, and employee training are critical steps to mitigate cybersecurity risks.

Embracing the Future of Payments

CFOs who stay ahead of these trends will be well-positioned to drive financial success in 2024 and beyond. By investing in digital transformation, embracing A2A payments, leveraging open banking, implementing real-time payments, and prioritizing cybersecurity, CFOs can optimize their payment operations, unlock new opportunities and create a competitive edge in the rapidly evolving financial landscape.