Blogs

Your business probably receives daily invoices for payments. Have you considered the steps, manpower and security of your payment method? Cutting a check can take upwards of ten steps and is very unsecure, while ACH and credit card are quicker and more secure. If the latter two are used less frequently, your business is probably not maximizing your accounts payables process. By developing a solid payments strategy, both your business and your vendors will benefit. You can maximize your ability to earn revenue, improve cash flow and streamline processes with a strong payments strategy in place...

A Culture for Success Built by four generations of cheesemakers, this family-owned cheese company is undoubtedly a master of its craft. Their award-winning cheese continues to draw even greater demand—and to help fill it, our financial solutions deliver on a special recipe of its own. “We feel very fortunate to have them as a partner. They’re local and their services are top-notch and can compete with any bank—that makes it a really good relationship.” —Co-Owner, Cheese Company “Our relationship with our bank started back in the ’80s, and through the years they’ve continued to provide the...

Discover the many ways your business can benefit from a streamlined and secure payments process utilizing electronic payments. Hear from our clients and team as they share insights and strategies that can positively impact a company’s bottom line. Our client panel includes: A large Construction company located in the West who developed a payments strategy by implementing fraud tools and transitioning to Commercial Card for payments to key vendors. A Midwest lumber supplier who has gained significant efficiencies by streamlining their AP process across multiple payment types using Integrated...

Internal Fraud is the misuse of an organization’s resources or assets conducted by a malicious insider. This individual could be a current or former employee, contractor, or other business relationship who has knowledge of or access to the processes and/or systems within an organization. Due to their knowledge, the fraudster can bypass organizational security measures through legitimate means. Industry Concerns According to the AFP Payments Guide 1: Combating Fraud in a Remote Working Environment “A somewhat alarming 2019 study of executives from mid-sized companies, $50 million to $3 billion...

Credential stuffing is an attempt by malicious attackers to use credentials that were previously exposed from another account platform against an online banking environment. The frequency of this type attack is growing exponentially, and they’re becoming more and more sophisticated over time. With this type of fraud, attackers will aggregate lists of username and password combinations found on the dark web. Using these credential lists, the attackers will script an attack in hopes that customers have re-used the same login credentials from another account platform. It’s dangerous because...