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How B2B Trust Is Keeping Checks, Paper Invoices Humming Along

PYMNTS

Checks will continue being fixtures in B2B payments so long as they work well for both retailers and suppliers, yet businesses are also examining how digital technologies could be used alongside them to increase supply chain efficiency. They must therefore examine new B2B payment technologies with more caution. “On

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First Bank Implements Autobooks To Boost B2B For SMBs

PYMNTS

Missouri-based First Bank will now be using Autobooks to help clients such as small- to medium-sized businesses (SMBs) boost their banking experiences, according to a press release. Autobooks’ invoicing, accounting and payments tech “will enable small businesses to conduct their financial activities in one place.”.

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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. 40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports.

Missouri 136
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Accounting Expertise In C-Suite Can Compromise Financial Reports

PYMNTS

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports. ” Below, PYMNTS breaks down some of the key data points from the research.

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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

This week’s look at the latest cases of B2B fraud finds a surge of business email compromise (BEC) attacks, as well as emerging trends in fraud related to government coronavirus relief efforts. 115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported.

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The AP Approach Behind Ethically Sourced Chocolate

PYMNTS

Missouri-based Askinosie Chocolate , which has sold ethically sourced confections since 2007, has been tackling such challenges. Askinosie had to visit many of these farmers in person to help them obtain bank accounts, in fact, so they could receive international payments, which the chocolatier delivers via wires.

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Fleet Cards Caught In Crosshairs Of Corporate Card Fee Debate

PYMNTS

10-per-gallon or $2-per-transaction fee noted as an account administration charge. Analysis in 2015 from the National Consumer Law Center (NCLC) found that employees in Missouri and Kansas were hit hardest by payroll card fees imposed by issuers. FLEETCOR posted $2.2 Interchange Fee Debate.

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