Payment Savvy

FEBRUARY 24, 2023

Overhead Costs: High overhead costs, such as rent, utilities, and salaries, can be difficult to manage, especially during slow periods of business. Poor Sales : A decline in sales or revenue can put pressure on cash flow, especially if expenses remain unchanged.

Real Time Payments 98

Real Time Payments Payments Risk Cash Management 98

The Finance Weekly

DECEMBER 30, 2021

To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices. Malware attacks, especially ransomware attacks, are on the rise.

Technology 130

Technology MSPS Small Business Data Security 130

PYMNTS

SEPTEMBER 25, 2018

As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. As a cash manager, it does change your work processes,” he told Webster. Some First Steps.

Treasury 55

Treasury Real Time Payments Cash Management SWIFT 55

PYMNTS

APRIL 20, 2017

as it looks to help businesses mitigate the risk of non-payment due to insolvency, default or political risk. “We We are very pleased to now have approval in every state,” said Allied World EVP, Head of Global Crisis Management Division, Todd Germano in a statement. It’s a growing industry.

Non-Bank 43

Non-Bank Cash Management Underwriting Mitigation 43

The Fintech Times

DECEMBER 31, 2023

Companies will increasingly move cash management (forecasting, visibility, etc.) Driven by a desire to mitigate risks such as downtime and dependence on a solitary vendor that could face financial challenges, merchants will move away from the frequently fragmented and monolithic model associated with a single Payment Service Provider.

Global Payments 124

Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 124

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. . “We live in times of great uncertainty and great change,” said Kohli.

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

JULY 22, 2020

As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. “That’s where the true complexity is.”

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes.

AI 77

AI Finance Risk Mitigation Accounts 77

PYMNTS

NOVEMBER 15, 2016

” FastPay sees this cash management gap as an opportunity to provide working capital loans to players in the industry. But for lenders in this space, the B2B payments behaviors of these firms can make risk mitigation and creditworthiness assessments particularly challenging — especially today.

Cash Management 65

Cash Management Risk Mitigation B2B Disputes 65

PYMNTS

APRIL 18, 2018

Treasury management system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17). The companies will combine their risk analytics and hedge accounting software as well, they said. “We

Treasury 40

Treasury Risk Compliance Acquirers 40

Faster Payments Council

SEPTEMBER 23, 2023

The panel will also examine leading practices to help FIs and corporates mitigate these risks. Panelists will share takeaways including steps banks and fintechs should take to determine if a partnership is a fit, ways to mitigate fraud.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Faster Payments Council

AUGUST 23, 2024

In response, the Federal Reserve formed a scams definition and classification work group of payments and fraud experts to provide a more consistent foundation for scams reporting to help the payments industry better understand and mitigate the problem. 14 seconds.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

PYMNTS

MARCH 5, 2018

Amid the risk mitigation challenges faced by internationally trading businesses, B2B payments are accelerating, which has also shifted risk exposures. Most suppliers (57 percent) also said their current strategy to mitigate non-payment risk limits their ability to grow across borders. In the U.S., In the U.S.,

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

JANUARY 29, 2018

They recognize how valuable FactorAdvantage can be to grow their portfolios and mitigate their risk.”. We view factoring and invoice financing as grossly underutilized but incredibly powerful cash management solutions for small businesses, especially when coupled with our patent-pending FactorAdvantage solution.”.

Small Business 43

Small Business Finance Mitigation Cash Management 43

PYMNTS

JULY 14, 2017

With headquarters in California, PayStand provides cash management and accounts receivable solutions to business customers using blockchain and SaaS tools. based Darktrace, a firm that deploys machine learning and artificial intelligence to detect and mitigate cyberattacks on the enterprise. Check out who it is.

Cybersecurity 53

Cybersecurity B2B FinTech Cash Management 53

PYMNTS

AUGUST 9, 2019

8) that three unnamed sources revealed Citi is advising on the process as GPS, which provides foreign exchange services to mitigate FX risk for corporate clients, seeks a buyer. Analysts are urging corporate treasurers to elevate their foreign exchange management and risk exposures amid a period of increasing market volatility.

Cross-Border 43

Cross-Border Risk Mitigation Cash Management 43

Nanonets

APRIL 19, 2024

Lack of Accountability: Without clear accountability and oversight, petty cash funds may be vulnerable to misuse or unauthorised expenditures. Implementing robust controls and monitoring mechanisms is essential to mitigate the risk of fraud or misappropriation.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

PYMNTS

SEPTEMBER 6, 2017

While technology can aid treasurers in their complex risk-mitigation initiatives, Deloitte concluded that corporate treasurers are actually struggling to fully grasp the capabilities of innovations. More than a fifth of treasury management systems are managed in spreadsheets, the report found. “The

Risk 43

Risk Treasury Treasury Management Risk Management 43

PYMNTS

SEPTEMBER 4, 2018

For the corporate treasurer, this could mean real-time FX exposure management and the need for faster action to mitigate FX volatility risk. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

JUNE 17, 2016

The company provides coverage to CFOs and financial officials to mitigate the risk associated with customer nonpayment, either by default or from a customer going out of business. “As part of our overall global crisis management vision and strategy, we are very pleased to bring accounts receivable insurance to the U.S.

Small Business 40

Small Business Mitigation Cash Management Risk Management 40

PYMNTS

AUGUST 6, 2018

Accounts receivable management is receiving more attention from innovators as businesses demand ways to offer their customers an array of ways to pay, while mitigating risk and looking to enhanced cash management solutions. per document.

Accounts 40

Accounts Reconciliation ACH Mitigation 40

PYMNTS

JULY 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. “Controls and fraud mitigation are a priority everywhere now,” said Albus and Bateman. Still, corporate payment practices are spread out.

Treasury 41

Treasury Payments Fraud Detection Cross-Border 41

PYMNTS

JULY 19, 2018

Traditional banks and other financial institutions are undergoing tremendous pressure right now to compete in an environment where they are faced with enormous scrutiny from government regulators looking to mitigate risk. Using API technology, customers can integrate Santander’s cash management solutions into existing ERP systems.

API 46

API Payment APIs and Integration FinTech Blockchain 46

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. According to J.P.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Finally, the fourth major benefit of virtual cards is better cash management, stated Vendor Centric. Not-For-Profit. These benefits can be realized by corporations of all types. “We

Commercial Card 40

Commercial Card Credit Cards Reconciliation Payments Tools 40

PYMNTS

APRIL 18, 2016

The type of information connected to payments can include financing, which Agiasotis said is especially common in cross-border trade for businesses to simply mitigate risks associated with working with foreign suppliers. Perhaps one of the broadest aspects of cross-border trade that depends on information is foreign exchange risk mitigation.

Cross-Border 40

Cross-Border Cross-Border Payments Payments Real Time Payments 40

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Two-thirds said they operate in more than one country, and a third said they have a presence in more than 20 countries.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

MAY 22, 2018

Among the speakers was Graham Taylor, Vodafone’s assistant treasurer, who emphasized the potential for PSD2 regulations to have a profound impact on corporate cash management and payments. According to reports in Global Finance , an estimated 1,100 corporate treasurers from across the U.K. and Europe gathered for the conference.

FinTech 49

FinTech Treasury Cybersecurity Cash Management 49

PYMNTS

DECEMBER 5, 2019

Staff spend too much time and effort on managing payments, expense claims, reimbursements, approvals, accounting and internal front- and back-end processing,” he said, adding that a “lack of control” is also a major pain point, with managers often lacking real-time, streamlined visibility into who is spending company money, how and with whom. “To

Business Payments 52

Business Payments Payer Payments B2B 52

PYMNTS

MARCH 31, 2017

However, Ed Adshead-Grant, GM of payments and cash management at Bottomline Technologies , noted that this isn’t much of a surprise. Just 20 percent of 1,055 adult internet users who responded were able to answer more than eight questions correctly, and only 1 percent were able to achieve a perfect score.

Bitcoin 42

Bitcoin Ransomware Cybersecurity Money Laundering 42

PYMNTS

SEPTEMBER 2, 2016

Bank of America is one of them, which recently revealed a collaboration to link its small business clients to Viewpost’s eInvoicing, cash management and other financial solutions. For instance, data is critical to mitigate supplier risk in ways already seen in the business-to-consumer space.

B2B 40

B2B Service Provider Transactions Mitigation 40

Nanonets

SEPTEMBER 22, 2023

Effective order management ensures seamless order fulfillment and lays the foundation for a positive customer experience. Credit Management:  Credit management entails assessing customer creditworthiness, setting credit limits, and monitoring credit terms to mitigate financial risks.

Process 40

Process Cash Management Best Practices Credit Limit 40

PYMNTS

MAY 31, 2019

Part of the growing community of restaurant FinTechs, xtraCHEF offers a back-office business management platform for industry players, connecting restaurants with a range of apps including electronic invoicing, supplier onboarding and integration into accounting platforms, food spend analytics, cash management and procurement.

Cybersecurity 57

Cybersecurity B2B Participant Commercial Card 57

PYMNTS

JUNE 22, 2016

But a new report from Corcentric , written by the Institute of Finance & Management (IOFM), details the hurdles on the other side of the payment. Accounts receivable processes, like their AP counterparts, are similarly plagued by manual, paper processes, making the cash management effort monumental for suppliers.

Automation 42

Automation Accounts Payments Disputes 42

EBizCharge

APRIL 29, 2024

Reasons to use AR factoring By leveraging the power of AR factoring, companies can enjoy more predictable cash management, stronger credit positions, reduced administrative burdens, and more, all of which contribute to sustained business growth.

Accounts 52

Accounts Credit Risk Non-Bank B2G 52

PYMNTS

APRIL 8, 2016

“A lot of organizations don’t do it because it’s complex, it’s repetitive and they’re busy,” she explained, adding that smaller companies are especially at a disadvantage in terms of time and resources to invest into a cash flow forecasting service. But that can only happen, he added, through trial and error.

Underwriting 40

Underwriting Small Business Mitigation Risk Mitigation 40

PYMNTS

JUNE 10, 2016

This heightened demand for security is what Cotter said sets financial institutions apart from other verticals when it comes to procurement and supplier management. “The primary difference with FIs is a lot of them want to mitigate and reduce risk with their external supply base,” the executive noted.

Risk 41

Risk Risk Management Breach On-Demand 41