Here are some uses cases to consider:
Expedited Business Payments
A business is seeking to expedite an important payment before the end of business the day is able to close a transaction on time to ensure prompt delivery.
A large corporation is able to distribute payroll, bonuses, and expense reimbursements to its employees faster and later in the day, giving it more flexibility around how it manages payment cycles.
Retail Rebates & Refunds
A retailer is able to offer better, faster customer service for rebates and refunds at the point of sale.
Real-Time Payment Upon Confirmation of Delivery
A retailer makes a real-time payment to their supplier upon successful delivery of fragile or perishable goods, avoiding the need to make a prepayment and deal with refunds in the case of broken or perished goods.
Control Over Payments
Quicker fund availability enables a small business to compress their ordering and payment cycles, improving productivity and cash management e.g., small business could get paid immediately for goods sold on their website.
Save Cost on Real-Time Payments
A small business makes a relatively small, urgent payment to a supplier without having to worry about high wire transfer fees or transaction limits.
Improved Cash Management
A small business owner can better manage their cash flow due to increased payment processing speed and predictability.
More Options for Data-Rich Payments
A small business owner now has multiple options for making data rich payments that meet his cost and timing needs. He no longer relies exclusively on cheques.