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.

Recent Articles

  • 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

Featured Content