A payment is the transfer of monetary value from one party to another, either in cash or noncash form. Cash payments are made through the exchange of physical currency, while noncash payments usually involve transferring value between bank accounts via payment systems. Banks facilitate these transfers for their customers through multiple electronic and paper-based systems. MORE.
AFP Real-time Payments Survey
The 2023 Association for Financial Professionals (AFP) Real-time Payments Survey, underwritten by The Clearing House, finds that adoption and implementation of real-time payments varies across organizations based upon revenue and size. Overall, though, by 2028, over three-fourths of organizations expect to be using real-time payments for both sending and receiving payment transactions.
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A Treasurer’s Guide to Centralization
Underwritten by Standard Chartered
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AFP Payments Guide to Dealing with Miscellaneous Payments
Underwritten by MUFG
2024 Payments Fraud and Control Survey
Recent Articles
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Mar 7, 2024
Treasury Transformation and Smart Safe Innovation Leads to Scalable Solutions
With the implementation of its smart safe and store treasury initiative, the treasury team at Casey’s General Stores was able to quickly resolve a myriad of issues, leading to significant increases in efficiency and cost savings.Learn More -
Feb 22, 2024
Understanding Types of Payment Methods
When choosing a payment method, treasury professionals must prioritize three essential factors: the transaction amount, the recipient's destination and the timing of the payment. The objective is to ensure the precise and secure delivery of funds while maintaining alignment with the organization's financial goals and operational needs.Learn More -
Nov 2, 2023
Reducing Payments Fraud in Treasury and A/P
The risk of fraud is never far from a treasurer’s mind, with ever more sophisticated cyber risks emerging alongside longstanding causes of fraud. Although banks do (or at least should) have their own fraud prevention and detection checks, these checks do vary significantly in utility and effectiveness. As a consequence, companies should assume as much responsibility as possible for fraud prevention and reduction by adopting a series of actions as part of their payment processes.Learn More
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AFP Continuing Education Quizzes
AFP provides CE Content Quizzes designed for CTP, CCM and FPAC credential holders, offering them an opportunity to assess their knowledge of industry topics through AFP publications.
Payments Fraud 2023/2024
As finance professionals, we must be ever vigilant against the schemes that could undermine our company or our career. In this series, we will cover the categories of fraud that we see around payments and provide some best practices on how to detect and prevent your company for unwittingly being caught up in one of these ploys.