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Corporate America Hinges On Presidential Election

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The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. Small businesses are anxious, and there is evidence that large corporates’ cash management and investment strategies are also being shaped by political uncertainty. We share all the details below.

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BEC Scammers Embrace Coronavirus Opportunity

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. “Payments fraud and business email compromise, in particular, have been thorns in financial professionals’ sides for years, but this recent surge is especially concerning,” said Jim Kaitz , president and CEO of AFP, in a statement.

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A New Divide In Business Banking?

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The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill. The bank-FinTech collaboration trend has hit the small business customer segment particularly strong.

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Artificial Intelligence Takes On Risk Of Invoice Non-Payments

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Fear is holding back small businesses from trading internationally, according to a report from HSBC late last year. Specifically, a lack of international business knowledge and experience has small suppliers reluctant to step onto the global stage. Data is critical to linking small businesses with new funding.

Risk 54
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Unlocking Paper Checks’ Potential With APIs

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According to the AFP, 71 percent of businesses have experienced actual or attempted check fraud. These technologies ultimately enable a business to process a paper check payment faster — which, especially for SMEs, is critical. All of these things are important to small businesses in particular,” Ballagh said.

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US Corporates Continue Cash Stockpiling Spree

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corporates accelerated their cash collection in the third quarter compared to the previous quarter, the AFP said in an announcement on Monday (Oct. “Interest rates are rising, and the Federal Reserve has made it clear they will continue to rise for some time,” said AFP President and CEO Jim Kaitz in a statement.

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BEC Fraudsters Eye HR Departments As Prey      

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The Association for Financial Professionals ( AFP ) found that although automated clearing house transactions are generally regarded by CFO.com to be relatively “safer” than other types of transactions — say, paper checks — fraud involving ACH is on the rise.