They’re one of the biggest perks of using a corporate credit card: cash back in rebates. But is your company getting every dollar it’s entitled to? Maybe not. Data from the GBTA Foundation found that many of your peers don’t…
Payments and Transactions
Interest rates will remain the same for the first quarter of 2022 as they were in the last quarter of 2021, IRS recently announced. That means, as of Jan. 1, 2022, the rates remain: 2% for corporate overpayments0.5% for the…
Has your department tapped Same Day ACH payments yet? This feature's popularity has grown quickly. Both transaction volume and value have spiked in the third quarter of 2021 versus the same period a year ago. So says the latest data…
If you’re like many of your peers, you’re looking for ways to make sure customers and clients stay loyal to your company in the new year and beyond. Digitizing your A/R and A/P departments is key to accomplishing this, according…
Getting as many vendors as possible to accept electronic payments remains an ongoing goal for companies of all sizes. On the front lines in that quest? Your Accounts Payable department. They have a lot to gain from a more paperless…
Your peers have big plans to modernize their payment processes ... if their vendors can keep up! When asked what their payment modernization programs included, companies’ top answers were: real-time payments (45%)Same Day ACH (36%)fintech integrations (34%)an Application Programming Interface…
Finance pros are already taking advantage of the new expanded window of time for Same Day ACH. And it can benefit your company, too. The third window, added in March 2021, allows same-day transactions to be initiated as late as 4:45…
Your company may or may not have celebrated Juneteenth this year. But now that it’s a federal holiday, it’ll likely affect your company’s payroll and accounting processes going forward. President Biden signed legislation on June 17, 2021, making Juneteenth (June…
Have an Automated Clearinghouse payment dispute? Then your company will have to act fast. Nacha has a new rule that limits the timeframe a Receiving Depository Financial Institution (RDFI) can make a claim against the originating institution’s authorization warranty. And…
It's no secret that the pandemic changed the way people work and companies operate, especially in regards to nonemployee expenses. During the past year or so, organizations were focused on creating a more flexible workforce. Many turned away from traditional…
The Automated Clearing House (ACH) Network is soaring to new heights, so there’s never been a better time to ramp up ACH adoption and usage. In fact, the network set two new records in the first quarter of 2021: In…
There's a great enhancement coming for companies that take advantage of Same Day Automated Clearing House (ACH) and send or receive high-dollar payments. Nacha has approved a proposed rule to increase the Same Day ACH dollar limit to $1 million…
