Technology has changed a lot about the point of sale. Has it changed enough to do away with older card-not-present rules? To get the magazine, please contact Customer Service at email@example.com or 212-803-8500
The increasing adoption of virtual card payments by accounts payable departments has created an unexpected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables. The root of the problem is that most suppliers rely on a manual approach to processing e-mailed virtual card payments. Suppliers are forced to balance their organization’s need for operational efficiency and control with rising customer demand to pay with a virtual card. But a new breed of technology enables suppliers to process virtual card payments straight-through, addressing the needs of buyers and suppliers. This paper details the growth of electronic business-to-business (B2B) payments, shows how manual approaches to processing virtual card payments cause friction in accounts receivables, describes a way to process virtual card payments straight-through, and highlights the benefits of frictionless payments.
With big sales come big fraud. This issue examines the options for protecting the point of sale from a surge of attacks during the holiday season. To get the magazine, please contact Customer Service at firstname.lastname@example.org or 212-803-8500
Rising short-term rates have so far been a boon for bank profitability. But technology has made it is easier than ever for customers to migrate their funds, which means the battle for highly-valued core deposits is likely to heat up. Here's a look at how bank executives plan to contend for their share of the market.