News Articles - Association for Financial Professionals

Visit Our Network:

Corporate Treasurers Council

The Resource for the Global Finance Profession

AFP Home

Treasurers to Benefit as Visa Europe Cuts Cross-Border Fees European treasurers are poised to save a substantial amount of money on cross-border credit card transactions for their companies now that Visa Europe has announced it is reducing interbank fees for these payments.
May 17, 2013
Study: Top Hurdles Keeping Treasury from Adopting E-Payments Adopting electronic payments is essential for corporates, but one study uncovered substantial obstacles that treasurers must surmount to ensure a successful implementation.
May 15, 2013
AFP Fraudwatch: Essential Controls for Treasury, Finance With payments fraud running rampant, a recent AFP webinar held by a treasury executive provided especially timely advice. Effective internal controls include exception processing, activity specific accounts and more.
May 14, 2013
6 Tips Treasurers Can Use to Reduce Payment Vendor Risk Payments vendors will claim they are PCI compliant. But smart treasury and finance professionals shouldn't take their word for it.
May 14, 2013
Retail Treasurers Discuss EMV Adoption EMV migration is coming to the U.S., and retailers need to be prepared. At the recent NACHA Payments conference in San Diego, AFP spoke with retail treasurers and other industry experts on the challenges they are likely to face when implementing this new card payment standard.
May 11, 2013
AFP Fraudwatch: New Payment Channels Threaten Corporate Cash This week, the recent decrease in fraud incidents might be an indication that fraud is evolving, and moving to a new payments channel. Also, what do recent cybersecurity initiatives by the government mean for corporates?
May 02, 2013
SWIFT: France Becoming a Major Player in RMB Payments France is leading European countries in making renminbi payments to China following a 249 percent growth in payments value since March 2012, according to SWIFT. France is now ranked fourth in the world for RMB payments value, behind the UK, Singapore and Taiwan.
Apr 30, 2013
A Treasurer’s Advice on Implementing E-Healthcare Payments With the Patient Protection and Affordable Care Act (PPACA) due to take full effect in 2014, treasurers for health plans are scrambling to implement electronic payments and remittances so their organizations can deliver mandated electronic funds transfer (EFT) and electronic remittance advice (ERA) to providers.
Apr 30, 2013
Retail Treasurers Question the Need for EMV Is there truly a need to accept EMV? Executives from three major retailers recently questioned whether any merchant needs to accept the standard. The reasons they cited included the costs of implementing EMV and even the overall necessity of it.
Apr 29, 2013
Consensus: Corporates Must Push for E-Remittance Standards Bankers and practitioners agree: Corporate treasurers need to be more vocal about wanting electronic remittance standards.
Apr 25, 2013
Case Study: How One Corporate Implemented SEPA Direct Debit UTA, a transport services provider operating throughout Europe, began its SEPA direct debit implementation program in 2010 and is ready for the 2014 launch date. Senior Credit Manager Thomas Wolpert explains how.
Apr 24, 2013
SEPA Direct Debit to Cause Corporates to Miss Deadline? At least one expert on payments in the eurozone is concerned that slow progress over implementing the SEPA direct debit may result in some businesses missing the deadline. Neil Burton, director, product strategy at Earthport PLC, sees early adoption rates as an indicator that many of the smaller and medium-sized organizations, and even a few large corporates, are not going to be ready by the February 2014 deadline.
Apr 23, 2013
Banks Must Innovate or Else, Experts Say The 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.
Apr 23, 2013
AFP Fraudwatch: Fraud a Top Concern for Payments Pros SAN 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.
Apr 23, 2013
AFP, Aite Release Guide on Managing Acquirer Relationships AFP 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.
Apr 22, 2013
Mobile Moves: Are Anonymous M-Payments Coming? Amazon 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.
Apr 19, 2013
SWIFT, ICC Introduce Standards for Trade Finance SWIFT and the International Chamber of Commerce (ICC) have introduced the Uniform Rules for Bank Payment Obligation (URBPO), new legal and technology standards intended to improve international trade finance.
Apr 18, 2013
April 2013 Payments Newsletter 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.
Apr 18, 2013
Finance Pros Win Big in Appeals Court Ruling The Third Circuit Court of Appeals hit a home run empowering financial professionals in a recent ruling, by sending a clear signal that middle and senior level managers can legitimately question whether the invoices and payments, which they are charged to oversee and execute, are fraudulent and run afoul of federal law and corporate policies without fear of retaliation by their employers.
Apr 17, 2013
Does the Cloud Help Card Payment Security? Depending on whom you ask, processing credit card payments in the cloud is either a great leap forward for security and compliance, or a big step backward. Actually, it can be either—depending on the type of cloud you have in mind and the size of your company.
Apr 16, 2013
Fraudsters Find Myriad Reasons to Target Large Corporates On 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.
Apr 15, 2013
AFP Fraudwatch: A Cautionary Tale for Corporates Corporates 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.
Apr 09, 2013
Cyberattack Exercise Tests Treasurers’ Disaster Preparedness The 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.
Apr 02, 2013
AFP Fraudwatch: Massive DDoS Attack Disrupts Europe This 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.
Apr 01, 2013
Regulatory Overhaul of UK Payments Systems Coming? The 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.
Mar 29, 2013

About AFP | Board of Directors | Contact | Legal Terms and Conditions | Marketing Opportunities | Member Directory | Press Releases | Regional Associations | AFPAware

Copyright © 2013 Association for Financial Professionals, Inc. - All rights reserved.
Contact: AFP, 4520 East-West Highway, Suite 750, Bethesda, MD 20814, Phone 1.301.907.2862

Follow Us

AFP on LinkedIn

AFP on Facebook

AFP on YouTube

AFP Newsfeed