The Payments Newsletter: November 2024

We are here to help you stay one step ahead. Discover essential insights on fraud, banking, and payments from trusted experts.

Policy, Product and Process Changes Are Reshaping B2B Treasury

Technology is a fantastic tool for modernizing the treasury function, creating more efficient ways to monitor cash and maximize working capital. When it comes to B2B payments, modernizing treasury also means rethinking policies, products, and processes. In this podcast episode, Kevin Grant, Managing Director of Treasury Management at Bottomline, shares his advice on implementing changes in a thoughtful and balanced way. Tune in for some great insights.

AFP and Sibos 2024 in Review: Payments Innovation, Fraud Fighting Top the Talk

October saw two significant payments industry events: Sibos in Beijing and the Association for Financial Professionals (AFP) in Nashville, Tennessee. Our team was on the ground, attending insightful presentations and networking with customers, partners and fellow attendees, bringing back valuable snippets from both events. The big highlights? Innovation in payments and tackling fraud. Read the key takeaways here.

Penetrating the Parallel World of Professional Fraud

As we look to the future, the threat of fraud in high-value business payments is poised to evolve, demanding fraud prevention specialists to stay a step, preferably more, ahead of the hungry pack. Last year, an astonishing $845 billion in illicit funds flowed through the financial system. This stat alone highlights how agile and advanced banks and businesses must be. Fraud-fighting expert, Dalit Amitai , shares her thoughts on ways to outsmart savvy career criminals. Read more here.

Future Accounts Receivable (AR)

Podcast guest, Luke Sculthorp from The Chartered Institute of Credit Management (CICM) - the largest recognized professional body in the world for the credit management community - chats with us about the ever-evolving world of Accounts Receivable (AR) automation. In our conversation, we touch on effective credit risk management practices, actionable steps for adapting to the future of B2B direct debits, and shared practical strategies to optimize the inbound business payments process. Take a listen.

Using Accounts Payable to Combat Fraud in Healthcare

Payment fraud represents a formidable challenge in the healthcare sector, often resulting in significant chaos when it hits. As cyber-attacks and fraud rates continue to rise and fraudsters get smarter, healthcare solutions expert Brad Garfield encourages healthcare companies to rise to the occasion and fortify their payment systems and processes. Read more here.

London Calling for Next Gen Accounts Payable Professionals

Accounts Payable goes beyond just making payments; it also champions fairness. The UK Government's Prompt Payment and Cash Flow review shines a light on the vital role of small and medium-sized businesses in the economy, seeking to enhance payment practices for their benefit. In this blog, Jamie Radford , founder of the Accounts Payable Association (APA) stresses the importance of compliance, training, and technology in creating a more equitable Accounts Payable landscape. Learn more.

Radical New Quantum Computing Cyber Threat Is Looming

Ever wondered what impact a quantum upgrade might have on organized cybercrime? As the National Institute of Standards and Technology (NIST) introduces new standards for post-quantum cryptography, the threats posed by powerful quantum computers, coupled with generative AI, are becoming increasingly significant. Bottomline's Chief Information Security Officer, Chirag Patel , discusses the stakes involved and explains why this issue is crucial. Take a deeper dive.

Refining Cash Management Solutions to Meet Evolving Treasury Needs

In the fast-paced world of finance, treasurers are revisiting how they manage cash to align more closely with their strategic goals. Beyond adopting new technologies, it's about simplifying processes and creating clarity in key areas to improve decision-making and efficiency. Bottomline's Kevin Grant covers how these factors are crucial for navigating an unpredictable landscape, helping banks and businesses tackle emerging challenges and seize new opportunities. Explore more.

Upcoming Events and Webinars

We are here to assist you in navigating the constantly evolving payment landscape. Whether you need to stay updated on payment regulations, learn fraud prevention strategies, or optimize payment processing, you can explore our upcoming events and webinars here.