Branch traffic has been decreasing for years, but for community banks especially, the branch remains a focal point for the most important advantage a bank has: building personal relationships. At the heart of the process is a word that many fear and some loath: sales. Both relationships and sales are the keys to success to banks in the digital age. At the recently held BAI … [Read more...] about Bank Branches Go Digital. Will Sales Follow?
Five Stats You Need to Know from the Fed’s Latest Payment Study
Debit Card Use Soars, B2B Checks Fall as Fed Revises Initial Data Source: The 2013 Federal Reserve Payments Study Grab a cup of coffee and some sharp pencils. There is plenty of new data to sift through in the Federal Reserve’s revised 2013 payment study. The 192-page report, released last month, updates a December 2013 payment study and includes new data on credit and debit … [Read more...] about Five Stats You Need to Know from the Fed’s Latest Payment Study
Market and Regulatory Changes Prompt Investment Policy Review
The continued low interest rate environment, ongoing regulatory reform and record stockpiles of corporate cash have contributed to a renewed focus on the investment policy process. While most large companies have an investment policy statement to help guide their cash investments, many privately held or smaller firms may not. It is considered best practice for companies to … [Read more...] about Market and Regulatory Changes Prompt Investment Policy Review
Taking on International Supply Chain FX Risks
As the US economy continues to strengthen, many treasury teams are wisely reviewing established payment practices to allow them to take full advantage of new growth opportunities. A US company that has taken the time to explore and implement finance and treasury processes that work best with international suppliers and customers will have greater opportunities to maximize … [Read more...] about Taking on International Supply Chain FX Risks
A Straight Path to Receivables Reconciliation
Though straight-through reconciliation for receivables (STR) may often present more of a challenge than straight-through processing for payments (STP), recent advances in regulations, electronic payments acceptance and paper-to-electronic (P2E) conversion, allow companies to move rapidly toward the STR ideal. Many are now looking to achieve rates of success similar to what they … [Read more...] about A Straight Path to Receivables Reconciliation
Case Study: Payment Pathways
Our client Payment Pathways provides patented privacy management software and electronic payments identity solutions. As a newcomer in the industry, the company was looking to establish itself as an authority on the competitive landscape with innovative solutions for consumers, merchants, and financial institutions. Because the company is also in the process of raising money, … [Read more...] about Case Study: Payment Pathways