This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
While more businesses are not only shifting away from paper, but operating with an embrace of digitization, the AFP and JPMorgan warned that checks remain popular and are far from being gone for good in the corporate payments ecosystem.
” However, the latest analysis from the Association for Financial Professionals (AFP) suggests businesses are reluctant to let go of that cash. The AFP’s newest Corporate Cash Indicators report , released this week, found trade dispute concerns to be among the largest factors hampering U.S.
For the 2016AFP Electronic Payments Survey, released on Tuesday (Sept. “Treasury and finance professionals are indicating their support for Same Day ACH because they see the value that it brings to last-minute payments,” said AFP President and Chief Executive Jim Kaitz in a statement.
The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report. According to the AFP, an attacker will target the payment rail that is most commonly used by the victim to pay suppliers, thus, limiting suspicions.
Corporate treasurers are building up cash reserves as concerns about the economy grow, according to a new survey conducted by the Association for Financial Professionals (AFP). The AFP’s latest Corporate Cash Indicators index , released Monday (Oct. In response, treasurers are stockpiling company cash.
A +7 point increase in the AFP’s Corporate Cash Indicators report means U.S. Still, AFP President and CEO Jim Kaitz said in a statement, the spike in the index implies that corporates are “taking a wait-and-see approach when it comes to cash deployment, likely because of concerns over political uncertainty at home and abroad.”
The Association for Financial Professionals (AFP) came out with some scary statistics this month: B2B payments fraud is not only on the rise, but at its highest levels ever since the AFP began recording this information. But there are other ways the AFP found businesses are exposed to payments fraud, most notably through the BEC scam.
(The Paypers) The 2017 AFP Payments Fraud Survey , underwritten by J.P. Morgan, has revealed that three quarters of corporate treasury and finance professionals said their companies were victims of payments fraud.
The findings were detailed in the latest 2016AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA). “Bank relationships continue to grow in level of strategic importance for organizations,” said AFP CEO and President Jim Kaitz in a statement. The report was published on Tuesday (July 12).
For these executives, geopolitical risk is a major cause of earnings uncertainty; AFP President and CEO Jim Kaitz said this kind of risk can come “in the form of a surprise election result, new regulations or heightened diplomatic conflict” and noted that it is “a greater threat to organizations than ever before.”
The demonetization effort traces its genesis to 2016, when Prime Minister Narendra Modi put forth policy that took the largest banknotes in circulation out of the system — 500 rupee and 1,000 rupee bills. The central bank this month said that it had gotten roughly 99.3
Yet data from the 2016 Association of Financial Professionals’ Electronic Payments Survey released last September actually found a 1 percent increase in corporates’ use of paper checks compared to two years ago. According to the AFP, 71 percent of businesses have experienced actual or attempted check fraud.
On the eve of the Same Day ACH rollout, the Association of Financial Professionals (AFP) published its 2016 Electronic Payments Survey , released every three years to examine corporate payment trends. The data makes that glaringly clear.
1 percent | Rise in the number of paper checks since 2013, according to the Association for Financial Professionals (AFP), which released its 2016 Electronic Payments Survey earlier this year.
The Association for Financial Professionals (AFP) released its 2016 Electronic Payments Survey earlier this year and found that use of paper checks in B2B payments actually rose 1 percent compared to 2013 levels. About 44 percent of payments received are in the form of a paper check too, the report noted.
Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis. Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side).
90% of CFOs rely on their relationships with the bank when seeking advice on short-term investments, found the 2016AFP Liquidity Survey , underwritten by State Street Global Advisors. Treasurers see maintaining their relationship with the bank as a top priority, especially amid market changes, researchers said.
The Association for Financial Professionals (AFP) found in a 2017 report that nearly a quarter of businesses saw their corporate card products – including commercial cards, fleet cards , T&E cards and others – targeted by a fraud attack, either attempted or actualized.
Citing the 2016AFP Payments Fraud and Control Survey, SunTrust attributed that figure to the use of non-electronic payments processes. “Ignoring your payments strategy could have a big impact on your bottom line,” said SunTrust’s Michael Maza, head of treasury and payment solutions.
“Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S.
Uber is investing globally in UberEATS, and GrubHub’s stock price has increased by almost 65 percent so far in 2016. Domino’s and Kentucky Fried Chicken are replacing the former cuisine that the AFP reported had “cockroaches being found in dishes, and a leaked internal report said food was cooked in ‘dirty, smelly and waterlogged pantry cars.’”
A 2016 survey by the Association for Financial Professionals (AFP) reports 62 percent of respondents anticipated faster payments would have a somewhat or extremely positive impact. To achieve its true potential, though, RTP must be adopted by all U.S.
Here are the numbers: 75 percent | Percentage of companies experiencing wire fraud in 2016. 74 percent | Percentage of companies that were tricked by 2016 business email compromise (BEC) scams. 51 percent | Decline in the use of physical checks in B2B transactions.
.” While the role of faster and real-time payments remains uncertain in the B2B landscape, most professionals surveyed by the Association for Financial Professionals (AFP) in its 2016 report agreed that faster payments will be a good thing for their firms. “There may be a mistake in the invoice number that was typed in.
He cited data from the Association of Financial Professionals in its 2016 Payments Fraud Survey , which found that checks were the most common payment rail for payments fraud, with 71 percent of companies surveyed having experienced either actual or attempted check fraud.
In what has become a highly cited statistic from the Association for Financial Professionals (AFP), there was actually 1 percent increase in the use of paper checks for B2B payments between 2013 and 2016. And the way the world of B2B payments works today is very often with paper checks. Businesses love [checks],” he stated.
percent increase marked in February 2016. percent) coming from a mobile device as of September 2016. Corporate payments fraud , marking 2016 as the year in which more U.S. corporations were hit with payment fraud than ever before, according to the Association for Financial Professionals (AFP).
According to Reuters , the fact-checking began on Wednesday in France with the help of news organization AFP. And last October, it was reported that as many as 126 million Americans, accounting for a third of the nation’s population, were exposed to content placed on Facebook by Russian sources during the 2016 elections.
The fact-checking launched in France with the help of news organization AFP. And last October, it was reported that as many as 126 million Americans, accounting for a third of the nation’s population, were exposed to content placed on Facebook by Russian sources during the 2016 elections.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content