PYMNTS

SEPTEMBER 21, 2016

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. On the other hand, the report found that, on average, a business receives 44 percent of its payments by check, down from 50 percent in 2013.

Same Day ACH 76

Same Day ACH ACH Checks B2B 76

Evolve Payment

FEBRUARY 15, 2024

An industry survey by the Association for Financial Professionals (AFP) found that check usage for business-to-business (B2B) payments declined to an all-time low of 33% in 2022. Over half of all AFP survey respondents considered speed the most important factor when choosing a payment method.

B2B 81

B2B Checks AFP FinTech 81

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. But there are other ways the AFP found businesses are exposed to payments fraud, most notably through the BEC scam.

AFP 40

AFP B2B Business Email Compromise Email Compromise 40

PYMNTS

DECEMBER 12, 2017

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.

Same Day ACH 40

Same Day ACH ACH C2B AFP 40

PYMNTS

MARCH 2, 2016

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. Researchers found that, in 2013, $30 trillion worth of checks were sent between businesses; it cost those companies $25 billion a year, however.

Checks 41

Checks AFP Venmo B2B 41

PYMNTS

JUNE 19, 2018

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. .

Commercial Card 40

Commercial Card Data Breach Credit Cards B2B 40

PYMNTS

DECEMBER 12, 2017

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.

Accounts 44

Accounts Wire Transfer Wires Wire 44