- Home
- >Press Releases
- >First Horizon National Demonstrates Continued Leadership in Corporate Treasury through Renewal in AFP Service Codes Accredited Provider Program
- Accounting & Financial Reporting
- Bank Relationship Management
- Cash Flow Forecasting
- Corporate Finance
- Financial Software & Technology
- Global Liquidity Management
- Investment & Policies
- Payments
- Pensions & Benefits
- Regulations & Compliance
- Risk Management
- Treasury Operations
- Working Capital Management
AFP Press Release
First Horizon National Demonstrates Continued Leadership in Corporate Treasury through Renewal in AFP Service Codes Accredited Provider Program
Bethesda, MD—September 23, 2005—The Association for Financial Professionals (AFP) announced today that First Horizon National Corporation, the first financial institution in the nation to be recognized as an AFP Service Codes Accredited Provider, has renewed it’s participation in the program.
The AFP Service Codes are the industry standard for identifying balances and service charges that appear on bank account analysis statements. The AFP Service Codes Accredited Provider Program was designed to increase standardization in bank reporting and to help companies identify banks that have demonstrated a commitment to meeting their relationship management needs.
“Our clients work with multiple banks. Having our service codes accredited by AFP gives our clients the confidence that when it comes to reviewing the Analysis Statement and comparing the services and related charges, they will be able to do so accurately and consistently” said Taylor J. Vaughan, CTP, Senior Vice President, Treasury Management Services, First Horizon National Corporation.
Corporate treasury places a premium on the rapid and efficient processing of information. The AFP Service Codes bring efficiency to the management of bank compensation by facilitating automated reviews of account analysis statements.
"We commend First Horizon National for its continued support of the AFP Service Codes and its commitment to improved standardization in bank compensation reporting” said AFP President and CEO Jim Kaitz. “This commitment demonstrates continued leadership in corporate treasury management.”
###
The Association for Financial Professionals in Bethesda, Maryland supports more than 14,000 individual members from a wide range of industries through all stages of their careers in treasury and financial management. AFP is the preferred resource for financial professionals for continuing education, financial tools and publications, career development, certification, research, representation to legislators and regulators and the development of industry standards. For more information about AFP visit http://www.AFPonline.org.