PYMNTS

JULY 25, 2018

The problem is getting worse, according to the Association for Financial Professionals’ (AFP) latest Payments Fraud and Control Survey Report. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

APRIL 13, 2020

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment , Luckin Coffee’s internal accounting fraud investigation, and new research anticipating an ongoing surge in payments fraud. Though the figure is high, it’s a decrease from 80 percent in 2018, the AFP noted.

Business Email Compromise 63

Business Email Compromise Email Compromise Scams Law Enforcement 63

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

The Paypers

APRIL 11, 2019

(The Paypers) An AFP research has revealed that a record 82% of organizations reported payment fraud incidents in 2018.

AFP 31

AFP Payments Research 31

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.

AFP 46

AFP Treasury Cash Management Treasury Management 46

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. But a new report finds that, even as Same Day ACH is fast-approaching, businesses are actually increasing their use of paper checks.

Same Day ACH 76

Same Day ACH ACH Checks B2B 76

PYMNTS

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. The AFP, along with Marsh & McLennan Cos.,

AFP 43

AFP Cash Management Treasury Liquidity Management 43

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.

Treasury 40

Treasury AFP Liquidity Management On-Demand 40

PYMNTS

JULY 2, 2019

The most recent evidence of this comes from Balboa Capital , which published a research report last week finding that nearly two-thirds of SMBs obtained a small business line of credit from a nonbank lender within the last year. Alt Lenders And Challenger Banks Target SMBs.

AFP 50

AFP Small Business Cross-Border Treasury 50

PYMNTS

JULY 13, 2016

New research finds that nearly all corporate treasurers agree that their relationship with financial institutions is a key factor in determining which bank to work with and where to invest short-term cash. The findings were detailed in the latest 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA).

AFP 40

AFP Rules Advisors Research 40

PYMNTS

JANUARY 23, 2017

New research from the realms of supply chain management, financial services and SMEs uncovers how businesses today are approaching risk mitigation and which threats are instilling the most fear. Increased global competition is also a top concern for these professionals, the research found, with 42 percent citing this specific threat.

Risk 43

Risk AFP Identity Theft Email Compromise 43

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. Researchers noted, however, that the length of time a company has used a TMS doesn’t necessarily correlate with whether that system is outdated or not.

Treasury Management 40

Treasury Management AFP Treasury Liquidity Risk 40

PYMNTS

JANUARY 5, 2017

Researchers champion digital payments as a way to combat the security, speed and efficiency problems associated with paper checks. 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.

Checks 40

Checks B2B AFP Same Day ACH 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. Progress Ahead.

Treasury 46

Treasury AFP Liquidity Management Risk 46

PYMNTS

OCTOBER 5, 2020

81 percent is the share of business owners who experienced payments fraud in 2019, according to a JPMorgan Chase announcement , citing a recent poll by the Association for Financial Professionals (AFP) and J.P. NordVPN Teams researchers looked at worldwide breach activity and examined more than 1.7 million breaches.

Ransomware 54

Ransomware AFP Breach Payments 54

PYMNTS

DECEMBER 31, 2019

Previous PYMNTS research from 2019 found that 80 percent of all firms are still using paper checks, although less than 15 percent still prefer this method of payment. Those options couldn’t come at a better time. Close to one-quarter of AP pros surveyed also want to bring ePayables and virtual cards online for treasury operations.

Checks 54

Checks Automation RTP Payment APIs and Integration 54

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. But for businesses to accept a check, it costs just about $1.50.

Checks 41

Checks AFP Venmo B2B 41

PYMNTS

JULY 13, 2016

My understanding is this is the first time such a criminal method has been discovered here,” a member of the authorities told AFP. Earlier this year, Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money.

ATM 41

ATM AFP Crime Research 41

PYMNTS

JULY 18, 2016

In some cases, research suggests, business owners are a bit misguided and possibly stuck in the past. Researchers last week found evidence that SMEs remain committed to growth and value their relationships with traditional banks. One-third of SMEs cite staffing as their top challenge , found research by Vistage Worldwide.

Small Business 40

Small Business AFP Automation Research 40

PYMNTS

SEPTEMBER 17, 2019

Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. 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.

B2B 43

B2B RTP Bankers' Bank Funding Agent 43

PYMNTS

NOVEMBER 9, 2017

But new research from treasury management firm Kyriba suggests treasurers and CFOs are falling short in delivering on some of the top priorities of the corporate board. According to Chris Schmidt, director of research and custom content at CFO Publishing , the data paints a clear picture about executives’ concerns over fraud.

Risk Management 43

Risk Management Risk Treasury Email Compromise 43

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

PYMNTS

JUNE 19, 2018

Data from NACHA and the Credit Research Foundation (CRF) found that cards account for just 11 percent of B2B transactions, while accounts receivable professionals expect that figure to grow just 1.5 For all of the discussion of B2B payments’ emulation of the B2C market, however, supplier payments rarely occur via card.

Commercial Card 40

Commercial Card Data Breach Credit Cards B2B 40

PYMNTS

SEPTEMBER 8, 2016

Citing the 2016 AFP Payments Fraud and Control Survey, SunTrust attributed that figure to the use of non-electronic payments processes. Researchers found that companies want 40 percent more of their payments to be sent electronically so they can be processed faster, reduce costs and streamline workflows.

Same Day ACH 40

Same Day ACH ACH Payments AFP 40

PYMNTS

NOVEMBER 28, 2017

Research earlier this year found corporate fraud to be at record-high levels. Estimates from the Association for Financial Professionals (AFP) found that more than a third of fraud attacks on the enterprise came from within the organization itself. workers, for instance, did not report their suspicions, researchers found.

Fraud Prevention 40

Fraud Prevention AFP Procedures Mitigation 40

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 Payoneer research released last year, 75 percent of small businesses said they turned down an international business deal because of the risk of non-payment. Payment Shifts.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

SEPTEMBER 26, 2016

In the context of the rollout of Same Day ACH, as well as new research that found companies have actually increased their use of the paper check in the last three years, the payment rail choice isn’t always easy. 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

JANUARY 1, 2021

Presented by Afterpay and featuring an interview with Daniel Demsky , co-founder of travel clothing retailer Unbound Merino , this report detailed the way installment payment plans’ popularity have surged during the pandemic, and research correctly suggested it would become only more popular during the holiday season.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

JUNE 8, 2018

” Research from eCommerce platform BigCommerce found that online merchants are increasingly embracing corporate customers. according to the Association for Financial Professionals (AFP), and financial service providers remain challenged to encourage businesses to not only shop online, but to make the payment online, too.

Finance 55

Finance B2C B2B PayPal 55

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. market will grow from $889 billion by the end of 2017 to $1.2 trillion by 2021 — the business-to-business payments market is primed for disruption. “But you need to reconcile in real time.”

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

PYMNTS

OCTOBER 18, 2016

Morgan Stanley Research found that, as of 2015, approximately $210 billion worth of food is ordered for delivery or takeout annually. “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

Nanonets

JANUARY 25, 2024

Research, advisory and benchmarking services As a group, these firms tout their ability to help organizations understand and implement best practices in business process improvement and transformation. That makes knowledge of treasury developments a valuable adjunct to expertise in payables and P2P.

Finance 52

Finance Accounts P2P Treasury 52

PYMNTS

APRIL 10, 2017

In the latest PYMNTS Data Digest, we look at the research on what’s “up” with SMEs — like optimism and borrowing levels. Its small business cost index, released in conjunction with the Centre for Economics and Business Research, found that the 3.2 SMEs need profits, sales, and performance all to be on the rise.

AFP 40

AFP Small Business Email Compromise Federal Reserve 40

PYMNTS

JULY 17, 2018

In line with previous research, NABE’s report noted that these trends are not yet linked to tax reform. Earlier research published by the Association for Financial Professionals in May found that corporates in the U.S. are not increasing their spending as a result of tax reform.

AFP 40

AFP Disputes Research Automation 40