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Fed Acknowledges Roadblocks In ISO 20022 Push

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Reports on Friday (June 17) by the Association for Financial Professionals (AFP) said the Fed recently provided an update on its progress to encourage ISO 20022 adoption. ” One of the biggest hurdles in efforts to promote the adoption of ISO 20022 is NACHA, which has yet to decide whether it will implement ISO 20022 for ACH payments.

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This Startup Could Be A Game-Changer For B2B Checks

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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. Reports by TechCrunch cite a cost of between $7 and $16 for businesses to send a check, according to research in the AFP Payment Cost Benchmarking Report by Aberdeen Group and Bank of America.

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Corcentric Joins The B2B Payments Game

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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. It’s unlikely that one payment technology will become so popular that it drives others into irrelevancy, he said.

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Don’t Write Off The Paper Check Just Yet

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Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016. NACHA analysis found accounts receivables professionals predict ACH will surpass checks in the next few years. The expansion of ACH across the U.S.,

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Supplier Acceptance An Unavoidable Hurdle In vCard Adoption

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Data from NACHA and the Credit Research Foundation (CRF) found that cards account for just 11 percent of B2B transactions, while accounts receivable professionals expect that figure to grow just 1.5 For all of the discussion of B2B payments’ emulation of the B2C market, however, supplier payments rarely occur via card.

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Payments Acceleration Shifts The Risks For Buyers And Suppliers

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More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. In the U.S.,

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