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.

Facilitators 105

Facilitators AFP Participant Point-of-Sale (POS) 105

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.

Same Day ACH 76

Same Day ACH ACH Checks B2B 76

PYMNTS

JULY 25, 2018

If the Business Email Compromise (BEC) scam isn’t on the radar of every corporate finance executive, it certainly should be. The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

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.

AFP 51

AFP Treasury Blockchain Automation 51

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.

AFP 52

AFP Disputes Treasury Finance 52

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.

AFP 56

AFP Economy Treasury Finance 56

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?

AFP 59

AFP Automation Finance Accounts 59

PYMNTS

NOVEMBER 7, 2016

billion in small business financing from the government body — a new record overall and for the volume of its flagship lending program 7(a), which provides working capital financing, asset-based financing and refinancing support. A +7 point increase in the AFP’s Corporate Cash Indicators report means U.S.

Small Business 74

Small Business AFP Finance Cash Management 74

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.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

Nanonets

JANUARY 25, 2024

For that reason, relevant communities and resources for accounts payable extend beyond finance. Organizations targeting AP and P2P Professionals Institute of Finance & Management (IOFM): IOFM focuses on education, certification and networking specifically tailored for AP and P2P practitioners.

Accounts 52

Accounts Finance P2P Treasury 52

PYMNTS

JUNE 8, 2018

John Tomich, co-founder and CEO of eCommerce point-of-purchase financing company Credit Key , estimates that the B2B eCommerce market is 10-15 years behind B2C’s. Tomich told PYMNTS that this paradigm shift must also begin affecting how businesses finance their purchases, too. alone will reach $1.2 trillion by 2021.

Finance 55

Finance B2C B2B PayPal 55

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.

AFP 40

AFP Treasury Economy Continuity 40

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

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.

Continuity 49

Continuity AFP Federal Reserve Treasury 49

PYMNTS

FEBRUARY 9, 2018

It’s a way for us to pull our member constituents in banking and insurance and trade finance and more into a dialogue about the evolution of the transport markets.”. The two groups may exist in separate markets, but, the executive added, both are exploring global implications of distributed ledgers. “The Quaranta seemed to agree.

Blockchain 51

Blockchain AFP Distributed Ledger Technology (DLT) Best Practices 51

PYMNTS

APRIL 12, 2019

As reported in darkreading.com, the gangs using BEC – new gangs and seasoned gangs – have recently been targeting human resource and finance professionals to grab direct deposit payroll information to siphon off funds. The latest data from the AFP finds that last year as many as 33 percent of organizations were subject to ACH debit fraud.

Business Email Compromise 46

Business Email Compromise AFP ACH Email Compromise 46

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.

Risk 54

Risk Payment APIs and Integration AFP Payments 54

PYMNTS

JULY 2, 2019

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.

AFP 50

AFP Small Business Cross-Border Treasury 50

PYMNTS

MARCH 6, 2018

In part,” said T he Asset , “this may be because smaller companies tend to face tighter financing conditions and higher interest rates than mid-caps or large corporates, making the credit relationship more important.”. The AFP, along with Marsh & McLennan Cos.,

AFP 43

AFP Cash Management Treasury Liquidity Management 43

PYMNTS

JULY 13, 2016

The findings were detailed in the latest 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA). Researchers found that 90 percent of treasurers and corporate finance professionals cite their relationship with the bank as the top factor behind their decision to choose where to invest corporate funds.

AFP 40

AFP Rules Advisors Research 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. As corporates and the treasurers themselves examine the issue, a new report from Marsh & McLennan Cos.,

Treasury 46

Treasury AFP Liquidity Management Risk 46

The Paypers

APRIL 6, 2017

(The Paypers) The 2017 AFP Payments Fraud Survey , underwritten by J.P. Morgan, has revealed that three quarters of corporate treasury and finance professionals said their companies were victims of payments fraud.

AFP 28

AFP Treasury Payments Finance 28

PYMNTS

JANUARY 5, 2017

The research, also published by the AFP for its 2016 Electronic Payments Survey , found a 1 percent increase in the use of paper checks for B2B payments compared to levels seen in 2013. Some financial service providers have reacted to the seeming inability for corporates to let go of paper by giving into demands for check solutions.

Checks 40

Checks B2B AFP Same Day ACH 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 Wire Wires 44

PYMNTS

SEPTEMBER 26, 2016

On the eve of the Same Day ACH rollout, the Association of Financial Professionals (AFP) published its 2016 Electronic Payments Survey , released every three years to examine corporate payment trends. It’s unlikely that one payment technology will become so popular that it drives others into irrelevancy, he said.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

SEPTEMBER 17, 2019

“Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and CEO Jim Kaitz. FinTechs Move Money To Vendors Faster. It offers businesses a three-month repayment plan when 3Pay fronts the bill to pay for outstanding invoices.

B2B 43

B2B RTP Bankers' Bank Funding Agent 43

PYMNTS

NOVEMBER 9, 2017

“The senior finance executives we surveyed made it clear that they know they need to do a better job of keeping their boards informed about this critical issue.” ” Their concerns aren’t baseless, either. ” Not all of these silos are easy to overcome, however.

Risk Management 43

Risk Management Risk Treasury AFP 43

PYMNTS

MARCH 5, 2018

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

OCTOBER 18, 2016

According to Business Insider, Postmates was slow to raise its new round of financing, and DoorDash raised only a $600 million valuation. “There are around 5,000 long-distance trains with an average journey of around 770 kilometers [480 miles], but only 6 percent of them have a proper food service,” Singh told AFP.

AFP 57

AFP On-Demand B2B Consumer 57

PYMNTS

JULY 18, 2016

90% of CFOs rely on their relationships with the bank when seeking advice on short-term investments, found the 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors. Treasurers see maintaining their relationship with the bank as a top priority, especially amid market changes, researchers said.

Small Business 40

Small Business AFP Automation Research 40

PYMNTS

OCTOBER 30, 2019

. “While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event.

Payment APIs and Integration 41

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

PYMNTS

AUGUST 10, 2018

The fact-checking launched in France with the help of news organization AFP. With that in mind, the company announced in March that it is now “fact-checking” photos and videos in an effort to prevent hoaxes and false news stories from making their way to the site.

AFP 40

AFP Finance Blocks Checks 40

PYMNTS

APRIL 10, 2017

corporations were hit with payment fraud than ever before, according to the Association for Financial Professionals (AFP). The AFP’s newest report found 75 percent of companies fell victim to payments fraud in 2016, up from 71 percent in 2015. Corporate payments fraud , marking 2016 as the year in which more U.S.

AFP 40

AFP Small Business Email Compromise Federal Reserve 40

PYMNTS

JULY 17, 2018

“The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” AFP President and CEO Jim Kaitz said in a statement at the time.

AFP 40

AFP Disputes Research Automation 40

PYMNTS

MAY 4, 2018

The Association for Finance Professionals says that treasurers may be slow to part ways with what is building up in the coffers. Tax Reform : Trumpeting Trump-isms aside, tax reform may turn out to be a fizzle, after all, as corporations may hold on to cash rather than spend it to hire or invest in the economy at large.

Privacy 46

Privacy Visa Consumer Consulting 46