• Check Payments: Why 1% Matters

    Dec 19, 2016
    While it may sound insignificant, business-to-business (B2B) payments by check actually increased from 50 percent to 51 percent from 2013 to 2016.
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  • What Will Treasurers Be Working On in 2017?

    Dec 15, 2016
    As 2016 draws to a close, our members are turning their attention to the New Year. I’ve had a number of conversations with treasury professionals on the projects they’ll be focusing on in 2017.
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  • Treasury & Finance Executives Need to Incorporate Sustainability Into Their Roles. Here’s Why.

    Nov 30, 2016
    Corporate sustainability and social responsibility are no longer just something that sound good. Rather, they’re now front and center in corporate strategy—and even in risk management as well.
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  • BEC Scams: Why They’re Still Working

    Nov 30, 2016
    Whenever I hear that a company has been defrauded by a business email compromise (BEC) scam, it leaves me scratching my head as to how this simple, avoidable scheme is still working. These scams, which are also frequently referred to as CEO fraud, have been in play pretty regularly now for the past two years, and they’ve been well reported on. At AFP, we’ve certainly tried to do our part, releasing both a Treasury in Practice guide and an AFP Payments guide on these scams in the past year.
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  • Bank Relationship Management: 3 Lessons from Treasury Execs

    Nov 16, 2016
    Over the past several weeks, I attended AFP Executive roundtables in Minneapolis, Chicago, Boston and New York with treasurers from various industries and company sizes. A few key themes emerged as we discussed bank relationship management against the backdrop of a low yield environment, money market reform, and a concerned economic outlook with developing bank headline risk.
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  • Geopolitical Risk: A Growing Concern for Finance Execs

    Oct 17, 2016
    At the first AFP Executive Roundtable of this quarter, I asked the attendees whether they discuss geopolitical risk when they hold meetings on risk management issues. Everyone in attendance had something to say, so I suppose it’s fair to say that geopolitical risk is a key concern for treasury and finance executives.
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  • Sibos Wrap-Up: The Corporate Treasury View

    Oct 12, 2016
    What makes the GPI interesting for corporates is that it enhances the functionality of the existing payment rails for cross-border transactions. What makes this very appealing is the potential of easy adoption. Changes to payments system set-ups can be expensive for corporates, and therefore something to stay away from. But since the GPI uses existing rails, adoption may not be too complex or expensive.
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  • Two Words to Describe Today’s Treasury Environment? Chaotic and Fragile.

    Sep 28, 2016
    His job as treasurer, a role he’s held for almost five years, he said that not only is he in charge of treasury and all that goes with it, but he also has responsibility for IR, ERM, real estate and risk insurance. I said I thought he was a lot more than treasurer! All this has happened to his role since the financial crisis. It has grown in responsibility and importance in the company dramatically over that time.
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  • Time to Speed Up Cross-Border Payments?

    Sep 23, 2016
    Corporate treasurers and payments gurus alike have to have taken note of the abundance of faster and real-time payments initiatives currently under development around the globe. Certainly one of the most interesting programs out there is SWIFT’s new Global Payments Innovation Initiative (GPII), which is intended to streamline cross-border payments.
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  • Real-Time Payments: Would a Giro System Work in the U.S.?

    Sep 07, 2016
    Even with all the technological advancements in payments, about 50 percent of B2B transactions in the United States are still done by paper check. The U.S. of course also has the ACH system which transfers funds between accounts, but nevertheless, check use remains prominent.
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  • AFP Members Unlikely to Move Much Money Out of Prime Funds

    Aug 05, 2016
    How much cash will move out of prime money market funds before October? This is a question I’m often asked recently from the press. It’s hard to say, but what I can tell you is much of the money invested in prime funds has left and probably isn’t coming back. ICI reported that institutional prime fund balances have decreased to $990 billion—the first time since 1999 that it was lower than $1 trillion. Where are these flows coming from?
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  • What Will it Take for ISO 20022 to Gain Traction?

    Aug 04, 2016
    When I talk to people in the payments industry there always seems to be a great interest in universal standardization. The ISO 20022 standard appears to be the gateway to achieving this, however, there are currently different versions of it in use all over the world. That’s clearly not a standard.
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  • In AFP’s New Liquidity Survey, Banks Are the Big Winners

    Jul 13, 2016
    Corporate treasury and finance professionals prioritize security of their short-term cash, especially post-2008, in case of emergency. After all, what’s the point in liquidity if you can’t access it—or, worse, if it evaporated in a risky investment?
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  • Behind the Scenes of the Annual Conference

    May 11, 2016
    The AFP Annual Conference educational session process all starts by assembling an overall conference task force of corporate practitioners who have unique insights that yield unique experiences. Our task force is then divided into smaller sub groups. For the last six years I’ve led the group creating the Treasury Management track.
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  • Takeaways from NACHA Payments 2016

    May 10, 2016
    I recently attended NACHA’s Payments 2016 conference which covered a wide range of topics, with special attention paid to the ISO 20022 payments standard, faster payments developments, as well as the ever-present threat of payments fraud.
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