AI in Payments and Receivables: Where Should Financial Institutions Start?
AI has quickly become a priority for many financial institutions. The pressure to figure out where AI fits is real, but that can lead teams to start...
The Growing Risk of Check Fraud
Approximately 30% of payments received by companies are made through checks.
At the same time, check fraud and subsequent financial losses are on the rise. So, it's no surprise that financial institutions (FIs) cite external fraud as their top organizational risk.
These disruptions are straining businesses and their cash flow, highlighting the urgent need for reliable, online payment options that eliminate dependence on the postal system and keep operations running smoothly.
Beyond Lending: How Receivables Can Help Credit Unions Grow Business Relationships
Credit unions looking to grow business-member relationships should think beyond the initial lending relationship. The way they support receivables...
How Electronic Lockbox Helps Manage Recurring Payment Exceptions
Recurring online banking bill pay is designed to make payments easy for consumers. Once a payment is set up, the instructions may stay in place for...