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. To his dismay (and to the dismay of businesses across the U.S.), One of the largest culprits: paper checks.

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AFP B2B Business Email Compromise Email Compromise 40

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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.

AFP 56

AFP Economy Treasury Finance 56

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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.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

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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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AFP Disputes Treasury Finance 52

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. Banks could do all sorts of transactions for you, but they charge you for that and rightly so.”

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ISO 20022 ISOs Fed AFP 40

PYMNTS

NOVEMBER 8, 2018

A new report from treasury management technology firm Kyriba and CFO Research Services offered CFOs a chance to lay out their wish lists for their treasurer peers, with chief financial officers pushing the treasury function to embrace a more prominent role.

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AFP Treasury Cash Management Treasury Management 46

PYMNTS

APRIL 26, 2016

Between omnichannel procurement, multi-rail payment tools and cross-border trade, treasury management systems (TMS) seem like an obvious necessity for modern conglomerates. Nearly half of the companies surveyed by the Association for Financial Professionals (AFP) and Bloomberg aren’t using a treasury management system.

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Treasury Management AFP Treasury Liquidity Risk 40

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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. The report, underwritten by BMO, surveyed corporate financial and treasury professionals to assess trends in how they are reserving corporate cash. In another statement, BMO Head of U.S.

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Continuity AFP Federal Reserve Treasury 49

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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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AFP Treasury Economy Continuity 40

PYMNTS

AUGUST 29, 2017

In their Strategic Role of Treasury Survey , the AFP and Marsh & McLennan identified the forces pressing companies to shift the treasury department into a more strategic position. Capital allocation, financial risk management, and treasury and payment technologies are also key areas of focus, researchers found.

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Treasury AFP Liquidity Management Risk 46

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SEPTEMBER 17, 2019

The AFP’s report found new lows in corporates’ use of checks for B2B payments, with more than one-third saying they aim to remain current with new payments technologies. FinTechs Move Money To Vendors Faster.

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B2B RTP Bankers' Bank Funding Agent 43

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NOVEMBER 7, 2016

The statistic, released by East & Partners in its Treasury FinTech Index , reveals that the U.S. A +7 point increase in the AFP’s Corporate Cash Indicators report means U.S. 26% of U.S. corporate treasurers plan to spend more on FinTech next year , but it may not be anything to celebrate.

Small Business 74

Small Business AFP Finance Cash Management 74

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MARCH 6, 2018

The Asset reported news on Monday (March 5) that its initial review of chief financial officers (CFOs), part of its ongoing Treasury Review 2018 initiative, found service quality to be the number one recommendation for treasurers and CFOs when choosing a financial services provider with cash management services.

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AFP Cash Management Treasury Liquidity Management 43

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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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Blockchain AFP Distributed Ledger Technology (DLT) Best Practices 51

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JANUARY 1, 2021

“The IRS is ready to deal with direct deposit if you have a regular bank account, and they are ready to deal with paper checks, [but] they are not used to dealing with [more] payment methods on a widespread scale,” said Linda Jun , senior policy counsel for the AFP. “I CFOs Guide To Digitizing B2B Payments.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

DECEMBER 31, 2019

Close to one-quarter of AP pros surveyed also want to bring ePayables and virtual cards online for treasury operations. At the recent AFP 2019 conference, Bottomline Technologies shared its survey of FIs, with findings that integration fears are hindering adoption of real-time payments despite a raft of benefits.

Checks 54

Checks Automation RTP Real Time Payments 54

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APRIL 20, 2016

The world of corporate treasury management has of late had to focus especially hard on the management portion of the job description. The reference work, says the company, helps inform treasury and risk professionals about technology and workflow, with an eye on trading, risk controls and compliance. two years ago to 3.2

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Treasury AFP Treasury Management IRS 40

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JULY 2, 2019

According to new research from the Association for Financial Professionals (AFP), private companies are more reliant on banks than other types of businesses, and the bank-corporate relationship is essential for corporate treasurers when deciding where to place company cash.

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AFP Small Business Cross-Border Treasury 50

PYMNTS

SEPTEMBER 8, 2016

But in B2B payments, are corporates ready to participate in this new ecosystem? The conclusions suggest B2B payments may not be as ready as the market would hope. Citing the 2016 AFP Payments Fraud and Control Survey, SunTrust attributed that figure to the use of non-electronic payments processes.

Same Day ACH 40

Same Day ACH ACH Payments AFP 40

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MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). The buyer-supplier relationship goes beyond regulatory requirements like Know Your Customer. The supplier would be at risk [of non-payment].”.

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Risk Cross-Border Non-Bank B2B 42

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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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AFP Rules Advisors Research 40

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JANUARY 23, 2018

Superior Press , a treasury management solution provider for commercial banks, is acting on that need. 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.

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

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NOVEMBER 9, 2017

Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors. ” Their concerns aren’t baseless, either.

Risk Management 43

Risk Management Risk Treasury AFP 43

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OCTOBER 30, 2019

The model quickly gained traction and today is accelerating its expansion into B2B financial services, too. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. This trend was recently highlighted by Laura McGortey, BNY Mellon’s director of strategic partnership solutions.

Payment APIs and Integration 41

Payment APIs and Integration Cross-Border Cross-Border Payments Small Business 41