Payments are one of the few things that unite every person and every company, wherever they are in the world. Yet most don’t think about payments at all, and certainly not how they work, or which is the best payment type for the purpose. Instead, the payment types used are typically a mix of habit and ease.

Corporates, however, make hundreds or thousands of payments a month, and while they don’t care about payments per se, they do care about how payments impact their business. In recent years, there has been an explosion of choices available. In the US for example, in just over five years, there has been the addition of Same Day ACH, RTP, and Zelle—and FedNow is just around the corner. So how does a corporate navigate this myriad of choices, let alone every time they send a payment file to their bank? The answer? Intelligent Routing.

PNC bank is a deserving winner of Celent’s Model Bank 2023 award for Payment Processing.