This Financial Insights report compares and contrasts the approaches that seven leading corporate banks - American Express, Bank of America, Bank of New York Mellon, Citi, Deutsche Bank, JPMorgan, and Wells Fargo - have taken to address corporate demand for more efficient payment systems. With over $19.4 trillion in business-to-business spending via paper check forecast for 2008, there are enormous opportunities for the sale of products and services to reduce invoice processing costs for buyers, accelerate collections for suppliers, and cut the time required to resolve disputes and reconcile payments.

According to Aaron McPherson, practice director, Financial Services at Financial Insights, and one of the authors of the report, "Unlike past failed attempts at selling financial supply chain services, this time, the banks are aggressively acquiring technology and talent to make a new run at the market. A focus on flexibility and customer service will maximize the success of the new round of financial supply chain management initiatives."

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