| Slowing Down Fraud When Payments Speed Up
Do faster payments lead to faster fraud? David Barnhardt, GIACT EVP of Product, thinks so. And he warns that Same-Day ACHâs Phase Two will give fraudsters a new opportunity to wreak havoc on payments. Whoâs most at risk? Organizations with siloed, legacy systems. Hereâs what Barnhardt says every organization needs to know â now.
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| Dynamic Discounting A Must For More AP Departments, Report Finds
Dynamic discounting â a way for businesses to gain a discount on their invoices by paying early â is undoubtedly a win-win for both sides of the transaction. But the strategy was once reserved for only the most sophisticated of enterprises. Not anymore, say PayStream Advisors and Inspyrus, whose new report on accounts payable trends finds dynamic discounting is now a must for many firms. Researchers highlight how software, p-cards, and the suppliers themselves are critical to getting dynamic discounting programs off the ground.
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| | Accounts Payable | | AP Fraud Is Alive And Well, APEX Warns
Financial supply chain software firm APEX Analytix is shedding light on a reality many organizations probably don't want to hear: AP fraud is alive and well, and companies aren't fully protected. The company's latest research includes some scary stats â most businesses do not require a second review of high-value payments, for example. With AP fraud risk coming from both within and outside of the organization, APEX EVP Phil Beane tells PYMNTS what companies need to do to safeguard their spend. Read More... |
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