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Corporate Payments Fraud Jumps Despite Stronger Internal Controls

PYMNTS

While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights. ”

AFP
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BEC Tops Fraud Attempts Against Treasurers: Survey

PYMNTS

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement.

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US Corporate Cash Stockpiles Spiked In Q4

PYMNTS

corporates ramped up their cash accumulation during the fourth quarter of 2019, a sign of a cautious approach to the economy, new research from the Association for Financial Professionals (AFP) said on Monday (Jan. 27), per a report from Yahoo! While the findings signal caution among U.S.

AFP
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AP Automation Set To Shred Paper Checks

PYMNTS

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. Close to one-quarter of AP pros surveyed also want to bring ePayables and virtual cards online for treasury operations.

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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

“The IRS is ready to deal with direct deposit if you have a regular bank account, and they are ready to deal with paper checks, [but] they are not used to dealing with [more] payment methods on a widespread scale,” said Linda Jun , senior policy counsel for the AFP. “I Mastering Multichannel Commerce Playbook.

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Speed Finds Opportunity In B2B Payments Beyond Accounts Payable

PYMNTS

The Association for Financial Professionals’ newest report, its 2019 EFP Electronic Payments Survey , underwritten by JPMorgan, found that a majority of corporate treasurers surveyed expect to see benefits from faster and real-time payments, with 60 percent acknowledging faster payments opportunities. Treasurers See Faster Payments Benefits.

B2B
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Open Banking Goes Straight To The Corporate Customer

PYMNTS

. “While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event.