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
Short-Term Working Capital Management
Recent Articles
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Jan 9, 2025
The Value of Payments Pre-Validation
By utilizing pre-validation, organizations can verify critical information before payments are sent, reducing fraud and errors while minimizing delays and providing a streamlined experience.Learn More -
Dec 19, 2024
3 Ways AI Will Impact the Payments World in 2025
While no one knows for sure what developments will have the biggest impact, it’s safe to assume that artificial intelligence (AI) will play a key role in payments in the new year — for better or for worse.Learn More -
Oct 31, 2024
Who Is Your Minister of Digital Transformation?
During the Payments Keynote address at AFP 2024, Kelvin Coleman, who formerly served as Executive Director for TIC Council Americas and CEO and Executive Director of the National Cybersecurity Alliance, urged treasury and finance professionals to identify an individual — a Minister of Digital Transformation — to address unforeseen threats and challenges.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.