PYMNTS

DECEMBER 12, 2017

“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. 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

PYMNTS

NOVEMBER 7, 2016

A +7 point increase in the AFP’s Corporate Cash Indicators report means U.S. According to the Association for Financial Professionals, whose latest index was released last week, businesses in Q3 piled up their cash reserves and are likely to continue doing so in the fourth quarter, albeit at a slower pace.

Small Business 74

Small Business AFP Finance Cash Management 74

PYMNTS

MARCH 24, 2017

In what has become a highly cited statistic from the Association for Financial Professionals (AFP), there was actually 1 percent increase in the use of paper checks for B2B payments between 2013 and 2016. And the way the world of B2B payments works today is very often with paper checks. Businesses love [checks],” he stated.

Checks 40

Checks FinTech AFP B2B 40

PYMNTS

MARCH 13, 2017

Yet data from the 2016 Association of Financial Professionals’ Electronic Payments Survey released last September actually found a 1 percent increase in corporates’ use of paper checks compared to two years ago. According to the AFP, 71 percent of businesses have experienced actual or attempted check fraud.

RDC 77

RDC Checks API Remote Deposit Capture 77

PYMNTS

JUNE 19, 2018

“Paying vendors with one-time-use credit cards means numbers are only used once, and then disappear forever,” continued Sadovskiy. Nearly a third of businesses said their commercial cards were targeted by fraudsters in 2016. And it requires a lot of man-hours to do so.

Commercial Card 40

Commercial Card Data Breach Credit Cards B2B 40

PYMNTS

JANUARY 23, 2018

“Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S. The expansion of ACH across the U.S.,

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

PYMNTS

MARCH 5, 2018

Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis. According to Dr. Wieser, Europe’s payment strategy is moving in the right direction to continue facilitating B2B trade. It makes liquidity and cash management much easier,” he explained.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

JUNE 15, 2018

The payment rail and technology options for B2B eCommerce platforms are vast, and continue to grow. ” B2B eCommerce platforms, he continued, “don’t want to only do bank cards, and don’t only want to do bank transfers. They want to combine them.”

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

PYMNTS

APRIL 10, 2017

percent increase marked in February 2016. percent) coming from a mobile device as of September 2016. Corporate payments fraud , marking 2016 as the year in which more U.S. corporations were hit with payment fraud than ever before, according to the Association for Financial Professionals (AFP). Small business borrowing.

AFP 40

AFP Small Business Email Compromise Federal Reserve 40