Listing of AFP News Articleshttp://www.afponline.org/ArticleRss.ashxFri, 24 May 2013 01:15:12 -0400Fri, 24 May 2013 01:15:12 -0400Many mid-sized companies are reluctant to switch to SaaS. The Doe Run Company decided to switch anyway -- here's why.http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__FP_A_Group_Overcomes_Hurdles_in_Switch_to_SaaS.htmlMon, 06 May 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__FP_A_Group_Overcomes_Hurdles_in_Switch_to_SaaS.htmlThe payments industry is at a crossroads, in which industry players are constantly challenged to innovate, all the while trying to decrease expenses and respond to changing regulations, said Janet Estep, president and CEO of NACHA. Estep emphasized that payments professionals—including those in corporate treasury—must focus on the possibilities of tomorrow, rather than just the needs of today.http://www.afponline.org/mbr/reg/res/reg_news/Banks_Must_Innovate_or_Else,_Experts_Say.htmlTue, 23 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Banks_Must_Innovate_or_Else,_Experts_Say.htmlSAN DIEGO-Charles Bretz, director, payment risk, Financial Services Information Sharing and Analysis Center (FS-ISAC), provided insights on the most prevalent cyberthreats to corporates and said account takeovers remain one of the most frequent methods that cybercriminals use. http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Fraud_a_Top_Concern_for_Payments_Pros.htmlTue, 23 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Fraud_a_Top_Concern_for_Payments_Pros.htmlAFP and Aite Group released a new Payments Decision Guide at NACHA PAYMENTS 2013 Monday, presenting retail treasurers with strategies for managing payment acceptance costs and negotiating with merchant acquirers. The guide also provides details on the impact of industry mandates and legislative and court challenges to interchange fees and pricing.http://www.afponline.org/pub/res/news/AFP,_Aite_Release_Guide_on_Managing_Acquirer_Relationships.htmlMon, 22 Apr 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/AFP,_Aite_Release_Guide_on_Managing_Acquirer_Relationships.htmlAmazon has filed a patent for an “anonymous” mobile payments system, which would allow users to pay retailers without disclosing personal information. If the service comes to fruition, it could put to rest concerns about the security of mobile payments.http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves___Are_Anonymous_M-Payments_Coming_.htmlFri, 19 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves___Are_Anonymous_M-Payments_Coming_.html This month, we speak with treasurers and fraud experts and get their reactions to the 2013 Payments Fraud & Control Survey, underwritten by J.P. Morgan. Also this month, a follow-up to the CAPP Exercise, financial professionals get a big win in an appeals court ruling, the UK payments industry appears to be headed for stricter regulation, and more.http://www.afponline.org/pub/res/news/April_2013_Payments_Newsletter.htmlThu, 18 Apr 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/April_2013_Payments_Newsletter.htmlOn the whole, fraudsters appear to be going after the companies with the most money and eschewing smaller targets. Even though these organizations have the resources to afford top-notch security, criminals believe they are more susceptible to being defrauded.http://www.afponline.org/mbr/reg/res/reg_news/Fraudsters_Find_Myriad_Reasons_to_Target_Large_Corporates.htmlMon, 15 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Fraudsters_Find_Myriad_Reasons_to_Target_Large_Corporates.htmlCorporates should think twice before refusing their banks' security recommendations. Otherwise they could be held liable when a fraud loss occurs, if a March 18 court decision is any indicator.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__A_Cautionary_Tale_for_Corporates.htmlTue, 09 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__A_Cautionary_Tale_for_Corporates.htmlThere is growing speculation that mobile computing will have a major impact on the way organizations plan and manage resources. Surely, the implications for FP&A professionals are fascinating to contemplate.http://www.afponline.org/mbr/reg/res/reg_news/Mobility_and_FP_A.htmlFri, 05 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Mobility_and_FP_A.htmlThe Financial Sharing and Analysis Center (FS-ISAC) conducted the latest Cyber Attack against Payment Processes (CAPP) Exercise on March 12-13 and 19-20, putting 67 corporate participants’ cybersecurity preparedness to the test.http://www.afponline.org/pub/res/news/Cyberattack_Exercise_Tests_Treasurers%E2%80%99_Disaster_Preparedness.htmlTue, 02 Apr 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/Cyberattack_Exercise_Tests_Treasurers%E2%80%99_Disaster_Preparedness.htmlThis week, we look at the broader implications of a major DDoS attack that disrupted Internet services for millions of Europeans. Also, a new information sharing center launches in the UK, and Chief Justice John Roberts gets hit with card fraud.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Massive_DDoS_Attack_Disrupts_Europe.htmlMon, 01 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Massive_DDoS_Attack_Disrupts_Europe.htmlThe UK Government has proposed a regulatory overhaul of the nation’s payments systems. A new regulator would be put in place, supplanting the Payments Council and ending the industry’s current practice of self-regulation.http://www.afponline.org/mbr/reg/res/reg_news/Regulatory_Overhaul_of_UK_Payments_Systems_Coming_.htmlFri, 29 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Regulatory_Overhaul_of_UK_Payments_Systems_Coming_.htmlThis week, we look at a new report from J.P. Morgan that discusses cybersecurity best practices and trends. Also this week, banks in Canada and South Korea are hit with DDoS attacks, and FinCEN applies money laundering rules to Bitcoins.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Cybersecurity_Best_Practices_for_Corporates.htmlTue, 26 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Cybersecurity_Best_Practices_for_Corporates.htmlPresident Obama recently signed an executive order on cybersecurity, and issued Presidential Policy Directive (PPD) 21, which revokes the 10-year-old Homeland Security Presidential Directive (HSPD) 7.  Treasurers, whose firms have seemingly fended off hackers by themselves, can take comfort in knowing that the federal government is starting to coordinate its efforts inside the Beltway and with the private sector.http://www.afponline.org/mbr/reg/res/reg_news/Obama_Cyber_Executive_Order_Stirs_Things_Up.htmlWed, 20 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Obama_Cyber_Executive_Order_Stirs_Things_Up.htmlThis week, a look at the Genesco/Visa Lawsuit, which marks the first time that a retailer has sued a credit card company for losses related to fraud. Also, President Obama meets with top CEOs to discuss cybersecurity, a new plan is unveiled that could allow the CIA and NSA to access the FinCEN database, and six major banks get hit with DDoS attacks.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Are_PCI_Compliance_Fines_Fair_.htmlSun, 17 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Are_PCI_Compliance_Fines_Fair_.htmlLike many organizations, the Doe Run Company recently installed software as a service (SaaS) to replace its spreadsheet-based planning and forecasting process. Most mid-sized business shy away from high-end enterprise planning solutions, but Doe Run reached a point where it had to switch to something else.http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__FP_A_Group_Switches_to_SaaS.htmlFri, 15 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__FP_A_Group_Switches_to_SaaS.htmlData overload, or big data, can quickly turn from a blessing into a curse if you do not have the capability to mine it for useful information. This is where FP&A procedures and business intelligence data mining tools can come to the aid of a treasury team seeking useful information from the huge data volumes common in business today.http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__Microsoft%E2%80%99s_Treasury_Mines_Big_Data_and_FP_A.htmlWed, 13 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__Microsoft%E2%80%99s_Treasury_Mines_Big_Data_and_FP_A.htmlA majority of organizations experienced actual or attempted payments fraud last year, but the incidence of fraud decreased for the third straight year, according to the 2013 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan.  The positive trend is the result of corporate migration to electronic payment methods and a range of fraud mitigation strategies.http://www.afponline.org/pub/res/news/2013_Payments_Fraud_Survey__Fraud_Incidents_Decline.htmlWed, 13 Mar 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/2013_Payments_Fraud_Survey__Fraud_Incidents_Decline.htmlThis week, AFP Fraudwatch speaks with Michael Leiter, former director of the National Counterterrorism Center (NCTC) and a speaker at the upcoming CTC Corporate Treasurers Forum. Leiter shares his views on cyber risk, one of the most critical threats to companies expanding globally.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Treasury_Weighs_Global_Expansion,_Cyber_Risk.htmlTue, 12 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Treasury_Weighs_Global_Expansion,_Cyber_Risk.htmlThree years ago, Cardinal Health spun off its $4 billion medical device subsidiary. As a newly independent conglomerate of semi‐integrated businesses with a global manufacturing and sales footprint, CareFusion had all the complexities of a major multinational corporation. The challenge and opportunity was setting up an effective but lean treasury function within uncompromising deadlines.http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__Building_a_Treasury_Team_from_Scratch.htmlWed, 06 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__Building_a_Treasury_Team_from_Scratch.htmlThis week, we look at an emergency patch Oracle has issued to fix two security Java vulnerabilities that could leave corporate treasury groups and their companies vulnerable to hackers. Also this week, debit card fraud skimming losses on Canada’s Interac network hit a new low, and China claims that most of the hacks on two of its military websites came from the U.S.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Oracle_Issues_Emergency_Patch.htmlTue, 05 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Oracle_Issues_Emergency_Patch.htmlThis week: Mandiant's explosive cyberespionage report, a DDoS attack that aided in the theft of $900,000, an argument on why EMV won't solve all of our card fraud problems, and security flaws in ATMs that allow hackers to steal personal account numbers and... play Angry Birds.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__China_Linked_to_Cyberespionage_Campaign.htmlTue, 26 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__China_Linked_to_Cyberespionage_Campaign.htmlLast week, President Obama signed an executive order advocating for greater information sharing between the public and private sector on cyber threats. The executive order and any legislation that follows, while primarily focused on protecting critical infrastructure from cyber espionage, also might help corporates and banks fight cyberfraud.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Will_Obama%E2%80%99s_Executive_Order_Improve_Information_Sharing_.htmlTue, 19 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Will_Obama%E2%80%99s_Executive_Order_Improve_Information_Sharing_.htmlCertified Treasury Professionals now have added incentive to participate in next month’s Cyber Attack against Payment Processes (CAPP) Exercise. In addition to testing their organizations’ cybersecurity preparedness, participants will have the opportunity to earn continuing education credits.http://www.afponline.org/pub/res/news/CTPs_Can_Earn_Credits_for_Joining_Cyberattack_Exercise.htmlThu, 14 Feb 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/CTPs_Can_Earn_Credits_for_Joining_Cyberattack_Exercise.htmlMobile payments are on everyone’s mind these days, but what will drive widespread adoption of them is still something of an enigma. A new whitepaper attempts to devise the possible trajectory of mobile payments over the next several years.http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves__Looking_to_the_Future_of_M-Payments.htmlWed, 13 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves__Looking_to_the_Future_of_M-Payments.htmlSenior financial professionals consider big data their greatest challenge to accurate forecasting, according to the 2013 AFP Risk Survey, sponsored by Oliver Wyman, to be released on February 27.http://www.afponline.org/pub/res/news/Big_Data_is_in_the_Forecast.htmlTue, 12 Feb 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/Big_Data_is_in_the_Forecast.htmlThis week, we look at a card fraud ring that was recently charged with creating thousands of fake identities to steal more than $200 million—a reminder that corporates need to guard against old-school techniques as well as cutting-edge tactics. Also, we review the fraud risks social media activity poses to banks and corporates.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__First-Party_Fraud_Ring_Steals_$200_Million.htmlTue, 12 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__First-Party_Fraud_Ring_Steals_$200_Million.htmlToyota Financial Services (TFS) faced the tall order of pricing competitively while maintaining profitability. Utilizing resources already in place, the TFS treasury department created a comprehensive transfer pricing methodology for all of its core products. The collaborative effort won TFS the 2012 AFP Pinnacle Grand Prize.http://www.afponline.org/mbr/reg/res/reg_news/Constructing_an_Award-Winning_Transfer_Pricing_Methodology.htmlFri, 08 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Constructing_an_Award-Winning_Transfer_Pricing_Methodology.htmlAs part of NACHA’s ongoing evaluation of potential ACH network enhancements, the electronic payments association is seeking corporate practitioners to participate in its Account Validation Industry Survey.http://www.afponline.org/pub/res/news/NACHA_Seeks_Participants_for_Account_Validation_Survey.htmlThu, 07 Feb 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/NACHA_Seeks_Participants_for_Account_Validation_Survey.htmlThis week, a new report projects banks' investment in mobile services to increase steadily, PayPal and Square emerge as frontrunners in the mobile wallet race, Amazon launches its own virtual currency, and the Bank of Ireland introduces a P2P mobile payments service.http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves__Mobile_Banking_a_Top_Priority_in_2013.htmlWed, 06 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves__Mobile_Banking_a_Top_Priority_in_2013.html