[jkhdigital]

As with most components of the financial system, change is very slow and painful because even when technology exists that leapfrogs previous bottlenecks (i.e. batching due to delays in information flow) the behavior of people and organizations is tightly adapted to the existing expectations. As it stands, most employers effectively get free 2-4 week payment terms from their largest suppliers (i.e. their employees) which, if removed, would immediately increase their working capital requirements by a substantial margin.