Corporate Payments Fraud Hits Record Levels

virtual card payments

New data recently published by the Association for Financial Professionals in its 2017 AFP Payments Fraud and Control Survey Report reveals a disturbing trend — more companies than ever before fell victim to payments fraud in 2016. According to the report, 74 percent of finance professionals state that their companies were victims of payments fraud… Read more »

New AFP Report Reveals Top Benefits of Electronic Payments

improved cash forecasting

The recent release of the 2016 AFP Electronic Payments Survey Report from the Association of Financial Professionals reveals several enlightening trends concerning electronic payments use and acceptance in corporate payments transactions. The report covers survey results on faster payments initiatives, continued use of checks for disbursements and collections, top B2B payment methods, cross-border payments, mobile… Read more »

Ideas for Accounts Payable Recognition Week

electronic payments

Invoices. Payments. Checks. Credit Cards. And paper (lots of paper). These things are par for the course in Accounts Payable. Not much to get excited about for the most part. Or is there? The reality is, Accounts Payable is a critically important factor in any company’s working capital. AP levels affect several crucial financial performance… Read more »

Virtual Card Payments 101

what are virtual cards

“Virtual” is quite a buzzword today. We have access to virtual realities, virtual games, virtual assistants, virtual shoppers, virtual tours — virtually anything you can think of. And what do all of these virtual offerings have in common? Generally speaking, they are all computer-generated simulations or digital representations of actual, tangible things. In the corporate… Read more »