Is 2020 Healthcare’s Year To #KillTheCheck?
February 7, 2020
At the dawn of a new decade, healthcare stands poised to embrace digital payments, and finally kill the check.
Instant disbursements are fast cementing their place as a favored payout method for consumers across all manner of business-to-consumer (B2C) interactions.
In an interview with Karen Webster, Ingo Money CEO Drew Edwards, taking a high-level view of instant disbursements, said, “We’ve made a lot of progress. Have we melted the iceberg where we can visibly see it? Not yet.”
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What hurdles are keeping more consumers from using P2P payments, and how can they be addressed?
Providing one network to streamline transactions — ranging from simple to complex — is no easy task.
Although payments in the tens of thousands or even millions tend to characterize business payments, the reality is that many payments made by global buyers to their suppliers are anything but that.
Challenger banks, Ingo Money CEO Drew Edwards said, have done a great job of appealing to a younger, digital-first, digital-only consumer.
Enabling merchants to accept payments is a straightforward process that offers the customer many options for how they want to get the transaction done.