AFP, Checks and Research - Payments Space

Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP

AFP Checks ISO 20022 Cross-Border

B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

SEPTEMBER 21, 2016

But a new report finds that, even as Same Day ACH is fast-approaching, businesses are actually increasing their use of paper checks. For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept. 20), researchers found a 1 percent increase in the use of paper checks for B2B payments compared to 2013 levels.

Same Day ACH

Same Day ACH ACH Checks B2B

AP Automation Set To Shred Paper Checks

PYMNTS

DECEMBER 31, 2019

We may be present for an historic moment akin to the advent of electric lighting, or at least the leap from DVD to streaming TV: It’s the demise of the much-maligned paper check. Many thousands of SMBs continue to struggle with managing the paper check and postal mail cycle, and it’s not limited to smaller businesses.

Checks

Checks Automation RTP Real Time Payments

Webinars

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Business Email Scams Spin Even Wider Webs

PYMNTS

JULY 25, 2018

The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

Scams

Scams Business Email Compromise AFP Wire Transfer

This Startup Could Be A Game-Changer For B2B Checks

PYMNTS

MARCH 2, 2016

There goes one argument for why corporations should ditch the check. The paper check is often called out for its cost burden on businesses, with costs hitting as high as $9 per check, according to analysis from NACHA. For businesses, Checkbook charges just $1 for them to send a check.

Checks

Checks AFP Venmo B2B

Breaking Down The Data Behind Record Levels Of B2B Payments Fraud

PYMNTS

APRIL 14, 2017

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. One of the largest culprits: paper checks. To his dismay (and to the dismay of businesses across the U.S.),

AFP

AFP B2B Business Email Compromise Email Compromise

Corcentric Joins The B2B Payments Game

PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. “It’s key when it comes to the payment process.”

B2B

B2B Same Day ACH ACH Commercial Card

Accountants Find Their Place In SMB FinTech Disruption

PYMNTS

DECEMBER 12, 2017

Paper checks for domestic suppliers, wire transfers for international ones. Most businesses and accountants still rely on antiquated, paper-based methods to manage some stages of their process,” he said in an emailed interview with PYMNTS, pointing to the continuing popularity of checks and wire.

Accounts

Accounts Wire Transfer Wires Wire

Cyberattackers Turn To Payments Fraud, Ransomware As Tech Firms Fight Back

PYMNTS

OCTOBER 5, 2020

81 percent is the share of business owners who experienced payments fraud in 2019, according to a JPMorgan Chase announcement , citing a recent poll by the Association for Financial Professionals (AFP) and J.P. NordVPN Teams researchers looked at worldwide breach activity and examined more than 1.7 million breaches.

Ransomware

Ransomware AFP Breach Payments

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

PYMNTS

JANUARY 1, 2021

Presented by Afterpay and featuring an interview with Daniel Demsky , co-founder of travel clothing retailer Unbound Merino , this report detailed the way installment payment plans’ popularity have surged during the pandemic, and research correctly suggested it would become only more popular during the holiday season.

Economy

Economy Online and Mobile Banking Credit Union Money Laundering

Viewing Payments As The Corporate Cash Flow Lever

PYMNTS

SEPTEMBER 8, 2016

SunTrust’s “ Developing Strategies for the Electronification of Payments ” report found that the majority of SME companies (57 percent) still make their payments with paper-based processes and paper checks. In fact, companies surveyed said they’re actually hoping to embrace digital payment processes.

Same Day ACH

Same Day ACH ACH Payments AFP

Speed Finds Opportunity In B2B Payments Beyond Accounts Payable

PYMNTS

SEPTEMBER 17, 2019

Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. The AFP’s report found new lows in corporates’ use of checks for B2B payments, with more than one-third saying they aim to remain current with new payments technologies. FinTechs Move Money To Vendors Faster.

B2B

B2B RTP Bankers' Bank Funding Agent

CFOs Failing Their Boards In Fraud, Risk Management

PYMNTS

NOVEMBER 9, 2017

But new research from treasury management firm Kyriba suggests treasurers and CFOs are falling short in delivering on some of the top priorities of the corporate board. According to Chris Schmidt, director of research and custom content at CFO Publishing , the data paints a clear picture about executives’ concerns over fraud.

Risk Management

Risk Management Risk Treasury AFP

B2B’s Mission To Replicate B2C’s Point-of-Purchase Financing Success

PYMNTS

JUNE 8, 2018

” Research from eCommerce platform BigCommerce found that online merchants are increasingly embracing corporate customers. Change in payment behavior is not easy, though, and that’s particularly true in B2B commerce, where paper checks remain common. Checks still account for about half of B2B payments in the U.S.,

Finance

Finance B2C B2B PayPal

Paper Checks’ Uncertain B2B Payments Future

PYMNTS

JANUARY 5, 2017

It seems every year for the past five years or so, B2B payments analysts have pondered the future of the paper check — and tried to predict its demise. Yet every year, new evidence emerges that paper checks continue to dominate the supplier payment space.

Checks

Checks B2B AFP Same Day ACH

What’s Up With SMEs: Payments Fraud, Mobile Lending, And Inflation

PYMNTS

APRIL 10, 2017

In the latest PYMNTS Data Digest, we look at the research on what’s “up” with SMEs — like optimism and borrowing levels. Its small business cost index, released in conjunction with the Centre for Economics and Business Research, found that the 3.2 SMEs need profits, sales, and performance all to be on the rise.

AFP

AFP Small Business Email Compromise Federal Reserve

Chase, AFP Applaud B2B’s Shrinking Check Use

B2B Check Use Rising Despite Approach Of Same Day ACH

AP Automation Set To Shred Paper Checks

Webinars

Business Email Scams Spin Even Wider Webs

This Startup Could Be A Game-Changer For B2B Checks

Breaking Down The Data Behind Record Levels Of B2B Payments Fraud

Corcentric Joins The B2B Payments Game

Accountants Find Their Place In SMB FinTech Disruption

Cyberattackers Turn To Payments Fraud, Ransomware As Tech Firms Fight Back

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

Viewing Payments As The Corporate Cash Flow Lever

Speed Finds Opportunity In B2B Payments Beyond Accounts Payable

CFOs Failing Their Boards In Fraud, Risk Management

B2B’s Mission To Replicate B2C’s Point-of-Purchase Financing Success

Paper Checks’ Uncertain B2B Payments Future

What’s Up With SMEs: Payments Fraud, Mobile Lending, And Inflation

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