Blogs

Fraudsters Continue to Target Check Payments A large majority of organizations are still using checks for outgoing payments and checks continue to be the primary target of payments fraud. Without preventative measures in place, every check payment could be exposing an organization to fraud. AFP reported the following as tools and processes companies have implemented to protect their business: ACH Fraud On The Rise As more companies make the transition from paper checks to electronic payments, the Association of Financial Professionals reported an increase in the number of organizations...

Fraud continues to be a challenge for many organizations. According to the 2023 Association for Financial Professionals, 65 percent of organizations report that they continue to be targets of fraud. And as the payments landscape continues to evolve, fraudsters are evolving their tactics too. Targets of Payments Fraud Check issuing continues to decline as the number of organizations using digital payments increases. The mass adoption of digital payments is partly due to the remote work environment. Electronic payment usage increases may also be the reason there has been an uptick in ACH fraud...

Quarterly Market Review: Q2 2023 By: Paul Dickson, Director of Research and Giri Krishnan, Senior Portfolio Manager An Unsinkable Economy? A tight labor market and continued high consumer demand appear to have staved off a recession – possibly until 2024 (if even then). This resilience has meant continued inflationary pressures and points toward more Federal Reserve rate hikes this summer. So far, the U.S. economy has defied many economists’ more dire predictions. Hopes are growing for a “soft landing,” even after the most dramatic tightening of monetary policy since the early 1980s. The risks...

The Cash Conversion Cycle (CCC) measures how much time it takes for your business to convert inventory or other resources into cash from sales. Creating efficiencies with the CCC is one way to increase working capital without generating additional revenue. There are three important factors that affect your CCC: Days Inventory Outstanding (DIO): Measures how quickly your business converts materials into products. Releasing additional working capital into the CCC will allow your business to purchase needed inventory. Access to additional working capital may also allow your business to take...

Knowing and understanding your finances is important. The system you use to manage them should be straight-forward, but without a primary checking account it can be a challenge to complete many essential financial transactions easily. A checking account is used for day-to-day banking, including depositing your paycheck, withdrawing cash and paying bills. There are various types of checking accounts to consider. The right fit depends on what you want your checking account to do for you. Here are some types to choose from: Standard checking account: Typically, standard checking account types are...