US corporates embracing electronic B2B payments
While the AFP 2020 survey shows the benefits that digital payments offer corporates, it also notes the cyber security awareness that firms must show.
North America
American Express adds to supply chain solution for large US corporates
The firm's Early Pay solution now includes digital payment features designed to help businesses save time, money and maximise cash flow.
Volatility stifles significant growth in US business confidence
A Citizens index shows steady economic improvement, while The CFO Survey predicts employment and revenues to remain below pre-COVID levels until 2021.
Feeling abandoned during crisis, US businesses are switching banks
Data from Greenwich Associates also shows that for the first time since COVID-19, US businesses are optimistic about the economy.
Banks stepping up to help protect corporates from fraud
Both JPMorgan Chase and NAB have recently announced moves to help protect businesses from fraud while managing their cash flow.
Treasury innovation at Alphabet, Dräger, and Peloton recognised by AFP
Google's parent company, a medical technology firm and a fast growing US exercise equipment company are the finalists for the AFP 2020 Pinnacle Award.
COVID-19 crisis has pushed treasury to the forefront
The 2020 AFP Strategic Role of Treasury Survey has found that corporates are prioritising liquidity and cash management, elevating treasury’s role.
COVID-19 is a catalyst for digital B2B payments adoption
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
Real-time payments gaining traction with US corporates
A survey from Citizens Commercial Banking has found nine out of 10 businesses are interested in the new US payment standard.
The slow recovery of US business spend sentiment
The Coupa Business Spend Index Q3 outlook shows early signs of business resilience amid economic downturn.
How Coca-Cola Bottling is putting suppliers on the blockchain
Coke One North America has launched a project with Provide and Unibright to establish a Coca-Cola Bottling Harbor on the blockchain for its suppliers.
Negative currency impacts on corporates jumped 31% in Q1
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.
US firms to decrease cash holdings due to worsening business performance
The AFP July 2020 Corporate Cash Indicators has found that US corporates are accumulating cash as a defensive measure.
IBM Cloud ramps up financial services presence
BNP Paribas, Bank of America, and MUFG Bank are among those to have furthered their relationship with the tech firm.
Amex targets the AP space
American Express has launched its first automated accounts payable solution for US corporates.
Most US businesses operating at reduced capacity
Despite a subdued economic outlook, a JPMorgan Chase survey finds businesses remain confident in themselves and most expect to thrive.
COVID-19 has companies turning to bank deposits
The 2020 AFP Liquidity Survey finds financial professionals unsurprisingly prioritising safety as they brace for uncertain times ahead.
COVID-19 rapidly reshaping banking and payments behaviours
New data from FIS shows 45% of Americans have changed the way they interact with their banks since the coronavirus outbreak.
Treasurers’ liquidity actions suggest dire economic consequences
An AFP survey, underwritten by BMO, finds companies are putting off hiring and capex.
Industry roundup: 5 May
News in brief featuring ION, Jack Henry, and GreenBox.
Boeing’s actions highlight severity of aviation cash and liquidity turbulence
The company's termination of Embraer joint ventures has reduced its cash needs at a critical time.
US economic indicators reveal initial COVID-19 impact
Data from Citizens Commercial Banking and U.S. Bank shows the early tumult caused by the pandemic.
Report assesses initial US bank performance in the corona crisis
The report from Deutsche Bank Research suggests the current crisis may pose a greater threat to European banks than those in the US.
Card giants unleash COVID-19 war chest to support SMEs
Mastercard and Visa's support programmes for small businesses total US$460m