Paper check use surged last year, AFP says
Payments Dive
APRIL 18, 2025
Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.
AFP Related Topics 
AFP Payments Guide: The Changing Face of Cross-Border Payments
Faster Payments Council
DECEMBER 8, 2020
AFP's latest Payments Guide explores the cross-border payments infrastructure, and the challenges it has faced in recent years. But while new initiatives and payments technology innovations have emerged in recent years to move cross-border payments forward, multiple obstacles remain in place and new ones are quickly becoming more apparent.
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AFP Evening Event, Co-Hosted by the FPC and Alacriti
Faster Payments Council
OCTOBER 4, 2022
Join us for a drink at Lucky Strike and enjoy great conversation with other FPC members and payments professionals in town for the AFP Annual Conference. Food and fun will be served in a private bowling suite for the group. Lucky Strike is a 5-min walk from the Pennsylvania Convention Center.
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AFP: Does the US need Faster Payments?
Finextra
OCTOBER 21, 2024
The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.
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AFP: FedNow vs. The Clearing House’s Real Time – where does Request for Payment fit in?
Finextra
OCTOBER 23, 2024
Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.
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AFP ‘Troubled’ Over Corporate Treasurers’ Lack Of FinTech Adoption
PYMNTS
OCTOBER 17, 2018
Yet, a new report from the Association for Financial Professionals (AFP) warned of only minuscule adoption of these tools so far, a trend that analysts described as “troubling.” These professionals widely agreed that positive disruption is on the horizon as a result of FinTech. ”
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AFP: Business continuity starts with careful plans
Finextra
OCTOBER 22, 2024
A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.
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AFP: Fraud is the biggest painpoint for accounts payables automation
Finextra
OCTOBER 20, 2024
Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton (..)
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Chase, AFP Applaud B2B’s Shrinking Check Use
PYMNTS
SEPTEMBER 12, 2019
While more businesses are not only shifting away from paper, but operating with an embrace of digitization, the AFP and JPMorgan warned that checks remain popular and are far from being gone for good in the corporate payments ecosystem.
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US Firms Ready To Spend This Quarter: AFP
PYMNTS
JANUARY 29, 2019
The AFP’s latest Corporate Cash Indicators report, published Monday (Jan. According to the AFP, corporates have expressed their plans to deploy cash every January in the seven years since the AFP began its Corporate Cash Indicators report, except for one. The Association for Financial Professionals says U.S.
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Finance Professionals Enjoyed the Largest Salary Increase in 10 Years in 2021
The Finance Weekly
JUNE 15, 2022
The Association for Finance Professionals (AFP) , Compensation Survey was conducted in February, 2022 and is based on data from 1,910 financial professionals compiling data in relation to total compensation earned during the 2021 calendar year. These statistics are not exclusive to the AFP survey.
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Tax Reform Not Enough To Convince Corporates To Spend, AFP Finds
PYMNTS
MAY 3, 2018
” However, the latest analysis from the Association for Financial Professionals (AFP) suggests businesses are reluctant to let go of that cash. The AFP’s newest Corporate Cash Indicators report , released this week, found trade dispute concerns to be among the largest factors hampering U.S.
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Corporate Payments Fraud Jumps Despite Stronger Internal Controls
PYMNTS
APRIL 10, 2019
While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights. ”
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AFP: 2025 FX market trends and the impact of the US Election
Finextra
OCTOBER 23, 2024
Can a smaller FX and global payments provider compete against the large and regional banks when it comes to buying and sending foreign currency payments to suppliers overseas? Absolutely,” said Monex USA CEO John Doyle.
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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. According to the AFP, an attacker will target the payment rail that is most commonly used by the victim to pay suppliers, thus, limiting suspicions.
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US Firms Expected To Lower Cash Holdings Amid Pandemic
PYMNTS
JULY 27, 2020
Businesses have responded to the pandemic by tapping into their cash reserves, as around 32 percent of businesses plan to diminish their cash holdings in the next quarter, the Association for Financial Professionals (AFP) announced in a press release. In this case, they seem to be doing so to remain viable.” ”
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B2B Check Use Rising Despite Approach Of Same Day ACH
PYMNTS
SEPTEMBER 21, 2016
For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept. “Treasury and finance professionals are indicating their support for Same Day ACH because they see the value that it brings to last-minute payments,” said AFP President and Chief Executive Jim Kaitz in a statement.
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Treasurers Reveal Dismal Tech Adoption Rates
PYMNTS
NOVEMBER 16, 2017
A new report from the Association for Financial Professionals (AFP) found that only about a tenth of surveyed corporate treasurers are prepared for emerging technologies like blockchain and machine learning to disrupt the enterprise. That means RPA can handle simple, repetitive tasks as well as more complex tasks, the AFP explained.
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AFP: Truist Bank exec says speed and simplicity is how to delight customers
Finextra
OCTOBER 25, 2024
Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.
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52 US AFP survey: 73 per cent of businesses to switch to electronic payments
The Paypers
FEBRUARY 1, 2022
The Association for Financial Professionals (AFP) has conducted a survey on US-based professionals regarding their payments processes and revealed that 92% of organisations still use paper checks.
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US Corporate Cash Stockpiles Spiked In Q4
PYMNTS
JANUARY 27, 2020
corporates ramped up their cash accumulation during the fourth quarter of 2019, a sign of a cautious approach to the economy, new research from the Association for Financial Professionals (AFP) said on Monday (Jan. 27), per a report from Yahoo! The Index jumped 22 points to +31 in Q4 compared to Q3 and increased 13 points year over year.
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BEC Tops Fraud Attempts Against Treasurers: Survey
PYMNTS
APRIL 7, 2020
The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement.
Don’t Fear the Month-End: 5 Ways Automation Accelerates Month-End Close
Paymerang
JANUARY 23, 2024
According to the 2022 and 2023 AFP Reports, the top hurdles for finance teams were lengthy invoice and approval times, and a large percentage of exceptions, followed closely by late supplier payments and high… Source Feeling like the month-end tasks are always looming over your AP team?
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FreedomPay Partners with Global Nonprofit, Cancer Support Community to Launch Donation on Device, Facilitating Seamless Charitable Giving
Fintech Finance
JUNE 19, 2024
The online study of almost 1400 adults, supported by a grant by the AFP Foundation for Philanthropy, reported that “53% of respondents had made a checkout charity donation in the past year.” FreedomPay believes that these statistics point to a continued and growing interest by consumers to participate in charitable giving with retailers.
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Meditation Apps, Nootropics, And Mood-Enhancing Wearables: 11 Startups Boosting The Brain
CB Insights
FEBRUARY 11, 2016
Harvard University geneticist George Church has written about impending technologies that “extend our brain both biologically and electronically,” while AFP describes the brain as “the next frontier for the tech sector.” The brain is relatively uncharted territory for tech. ” We … Continued.
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From Paper Checks to FinTech: How to Streamline Your B2B Payments
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.
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Corporate Treasurers Safeguarding Cash As Economic Concerns Loom
PYMNTS
OCTOBER 31, 2017
Corporate treasurers are building up cash reserves as concerns about the economy grow, according to a new survey conducted by the Association for Financial Professionals (AFP). The AFP’s latest Corporate Cash Indicators index , released Monday (Oct. In response, treasurers are stockpiling company cash.
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BEC Scammers Embrace Coronavirus Opportunity
PYMNTS
APRIL 13, 2020
. “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. Though the figure is high, it’s a decrease from 80 percent in 2018, the AFP noted.
Corporate America Hinges On Presidential Election
PYMNTS
NOVEMBER 7, 2016
A +7 point increase in the AFP’s Corporate Cash Indicators report means U.S. Still, AFP President and CEO Jim Kaitz said in a statement, the spike in the index implies that corporates are “taking a wait-and-see approach when it comes to cash deployment, likely because of concerns over political uncertainty at home and abroad.”
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. But there are other ways the AFP found businesses are exposed to payments fraud, most notably through the BEC scam.
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40 Corporates Go For The ‘Coopetition’ Model Of Blockchain
PYMNTS
FEBRUARY 9, 2018
According to recent data from the Association for Financial Professionals (AFP), corporates still have a long way to go: Just 1 percent of corporate treasurers surveyed for the AFP MindShift survey , released last November, said they already have a blockchain tool implemented in their systems. Quaranta seemed to agree.
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US Corporates Continue Cash Stockpiling Spree
PYMNTS
OCTOBER 30, 2018
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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Treasury Is Becoming More Strategic — And Treasurers Know It
PYMNTS
MAY 23, 2017
New research from the Association for Financial Professionals (AFP) released Monday (May 22) found 80 percent of corporate treasurers agree the role has become more strategic in the last three years. The same amount of survey respondents also said the role of the treasury department will continue to devolve and become even more strategic.
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Fed Acknowledges Roadblocks In ISO 20022 Push
PYMNTS
JUNE 20, 2016
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. Banks could do all sorts of transactions for you, but they charge you for that and rightly so.”
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B2B payments warning: accounts payable fraud on the rise
The Paypers
NOVEMBER 22, 2018
(The Paypers) Business-to-business payment fraud has been increasing, with accounts payable fraud on the rise, according to Association for Financial Professionals (AFP) reports.
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How Half Of Corporate Treasurers Are Getting Left Behind
PYMNTS
APRIL 26, 2016
Nearly half of the companies surveyed by the Association for Financial Professionals (AFP) and Bloomberg aren’t using a treasury management system. Despite the longevity,” AFP said in its announcement, “treasury professionals make efforts to ensure that their organizations use the most recent version of their TMS.”
Treasurers Understand — But Aren’t Living Up To — Rising CFO Expectations
PYMNTS
NOVEMBER 8, 2018
Separate analysis from the Association for Financial Professionals (AFP), also released last year, further emphasized the shifting role of treasury, with 80 percent of treasurers surveyed agreeing that the position is playing a more strategic role than it did three years ago — and will continue to do so moving forward.
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46 Treasurers Choose Service Over Regulatory Ties When Picking A Bank
PYMNTS
MARCH 6, 2018
Separate research released last year by the Association for Financial Professionals (AFP) highlighted corporate treasurers’ and CFOs’ shifting roles within the enterprise. The AFP, along with Marsh & McLennan Cos.,
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43 Tech Cos Fire Back At Senate Bill To Remove Immunity
PYMNTS
JUNE 19, 2019
A Twitter spokesperson said that a statement by Americans for Prosperity (AFP) was worth a look as well. This bill would punish success in the next generation of innovative startups and prevent them from achieving their full potential,” AFP said in its statement. Lawmakers should reject this legislation.”.
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40 Artificial Intelligence Takes On Risk Of Invoice Non-Payments
PYMNTS
MARCH 14, 2017
The Association of Financial Professionals’ (AFP) 2017 Risk Survey found that 60 percent of businesses identify maintaining adequate liquidity as their top strategy to reduce geopolitical risks of the global market. For any company, holding onto capital is key to remaining successful on the global stage.
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54 82 percent of organizations reported payment fraud incidents in 2018
The Paypers
APRIL 11, 2019
(The Paypers) An AFP research has revealed that a record 82% of organizations reported payment fraud incidents in 2018.
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Amid Market Changes, Treasurers Lean On Their Banks
PYMNTS
JULY 13, 2016
The findings were detailed in the latest 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA). “Bank relationships continue to grow in level of strategic importance for organizations,” said AFP CEO and President Jim Kaitz in a statement. The report was published on Tuesday (July 12).
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BEC Fraudsters Eye HR Departments As Prey
PYMNTS
APRIL 12, 2019
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.
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