Erin McCune and I attended the Association for Finance Professionals conference in San Francisco on Monday and Tuesday. With 4,000 plus “practitioners” and vendors there, and a robust Payments Track, there was a lot of food for thought. A standout session was “Same Day ACH” with Rich Oliver of the Fed (and the champion of […]
My colleague Carol Coye Benson and I are attending the Association of Financial Professionals Annual Conference in San Francisco next week. If you are planning to attend and interested in getting together to talk B2B payments (or any other payment topic) let us know!
My colleague Carol Coye Benson and I are attending the Association of Financial Professionals Annual Conference in San Francisco October 4-7. If you are planning to attend and interested in getting together to talk B2B payments (or any other payment topic) let us know!
It’s springtime, and annual payments statistics are starting to bloom. A good time, perhaps, to consider the state of business-to-business (B2B) payments. NACHA recently released figures showing that ACH CTX transactions grew by 15% in the fourth quarter, compared to the previous year. Earlier, Visa disclosed that their fourth quarter commercial volume was 13% ahead […]
A survey of corporate finance professionals attending the annual Association for Financial Professionals (AFP) conference in LA this week reveals that they perceive the credit market is stabilizing due to recent government actions. The U.S. Treasury plan to purchase an equity stake in key financial institutions and guarantee money market funds, along with the Federal […]
The Association of Financial Professionals just published research on short-term credit access for corporates. The survey was originally conducted in early September and was supplemented by a shorter survey conducted in last week to reflect evolving market conditions. Highlights: The recent turmoil in the financial markets has had a direct impact on the ability of […]
On Friday, NACHA announced a six month extension of the deadline for International ACH Transactions (IAT) from March 2009 to September 2009. Many smaller banks were caught by surprise by the changes necessary to support IAT. Although software vendors are prepared to make the necessary changes available in upcoming releases and many banks outsource their […]
A couple articles of interest at GTNews this week: Payments in Need of StandardisationJonathan Williams, Experian PaymentsCorporate treasurers are facing pressures to consolidate and standardise their processes – how can they balance these requirements? SEPA Security – Lessons Worth Learning from the PastSteve Brunswick, Thales e-SecuritySEPA security should not be regarded as a daunting task […]
[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.] From Check to Electronic Payments: The B2B Outlook [NACHA Payments] Arlene S. Chapman CTP Senior Consultant, Technical Services, Association for Financial Professionals Daniel W. Ellecamp CCM Financial Consultant, California State Automobile Association Rue Jenkins Assistant Treasurer, Costco […]
I took a slight detour en route home from Las Vegas (via Death Valley and Yosemite – spectacular!) and just finished writing up my observations. This year is the largest NACHA Payments conference to date (they get bigger and bigger each year) with nearly three thousand attendees. There were sessions devoted to ACH, check electronification, […]
Last night the San Francisco Treasury Management Association (TMA), the Silicon Valley TMA, and the Peninsula TMA (all local affiliates of the Association for Financial Professionals, or AFP) hosted Peter Crane, of Crane Data at our annual dinner meeting. Over steak frites at Left Bank in San Mateo a packed house listened intently as Crane […]
In response to "unambiguous corporate demand" the Federal Reserve announced plans to incorporate remittance data into wire payment formats by the end of 2010. This is a major milestone in the migration of business-to-business (B2B) payments from electronic to paper and addresses a long term headache for corporate finance. Business payments remain stubbornly paper based […]
I am pleased to announce that the upcoming B2B Payments Workshop hosted by Forte Financial and Glenbrook has been approved for up to 17 CTP/CCM recertification credits by the Association of Financial Professionals . Learn more about the upcoming B2B Payments workshop March 4-5 in Santa Clara, CA.Learn more about the AFP recertification process.
The conversion of B2B payments from paper to electronic is finally gaining momentum. Key industry players (MasterCard, American Express, JP Morgan Chase and others) are launching new products aimed squarely at the stubborn paper based B2B transaction volume. New uses of the ACH network and efforts to add remittance data to support wire transfers are […]
Carol Coye Benson at Glenbrook returned from the annual AFP Conference convinced that the time may have finally come for electronification of B2B payments. Her observations are posted here.