Fed Finds B2B Payments Went Digital, but the Paperwork Didn’t

In 2024, the B2B payments conversation centered on moving businesses away from checks and toward electronic transactions. Two years later, the industry has made infrastructure advances, but two newly published research briefs from the Federal Reserve Bank of Cleveland highlight that the hardest part of B2B payments remains connecting the payment to the commercial transaction behind it. A supplier can receive an electronic payment in seconds and still spend hours determining which invoices it sat