Finance leaders warn faster payments can slow down reconciliation and closing processes
An opinion piece by a payments executive argues that speeding up payment settlement does not automatically speed up a company's finance operations. Drawing on experience running Tyler Petroleum, the author notes that using multiple payment providers for different vendors created extra tracking and reconciliation burdens even as individual payments cleared faster. The piece cites the Federal Reserve's distinction between clearing (information movement) and settlement (fund movement) to explain why faster transfers can shift bottlenecks downstream to accounting teams.