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Why You and Your Customers Need to Have the Rules The payments industry continues to evolve. To stay informed on the changes, all Network participants from businesses to customers benefit from the annual refresh of the Nacha Operating Guidelines. Recently …
Part One. Read Part Two . Evidence is mounting that businesses are increasingly moving to ACH payments and away from paper. The latest proof comes from the Association for Financial Professionals (AFP) in its 2022 Payments Cost Benchmarking Survey . The …
There’s new evidence that businesses are rapidly abandoning checks in favor of ACH and other electronic payments. The 2022 Association for Financial Professionals (AFP) Digital Payments Survey , released Oct. 4, found that just 33% of business-to-business …
Checks Still the Payment Method Most Susceptible to Fraud There’s encouraging news in the war on Business Email Compromise (BEC), though the numbers remain cause for concern. “Sixty-eight percent of organizations were targeted by BEC in 2021, eight …
Even as business-to-business payments continue increasing on the ACH Network, a new survey finds the number of organizations using checks actually climbed last year, leaving experts wondering if there’s been a serious misunderstanding. “Ninety-one percent …
After four consecutive years of declines, the number of organizations reporting attempted or actual payments fraud rose considerably in 2023, new research found. The “2024 AFP Payments Fraud and Control Survey Report” showed the number rose to 80%, up …
Research: attempted/actual payments fraud rose considerably in 2023. …