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Tag Archives: a/r processing
A SYSTEMS APPROACH TO ORGANIZATIONAL CHANGE
Are you considering how to go about improving organizational performance? In Change-Agent Skills B: Managing Innovation & Change, Gerald Egan encourages each employee to be a change agent and recommends a three-pronged approach: Assess the current scenario How well is … Continue reading
Posted in Organizational change, Project planning, SDLC
Tagged a/r processing, accounts receivable, b2b card payments, electronic payments
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EMV: IMPLEMENTING A MORE SECURE PAYMENTS SYSTEM
“If you want total security, go to prison.” – Dwight D. Eisenhower ACTION—REACTION The shift of financial liability to merchants for those fraudulent POS card-present transactions not processed via EMV-enabled equipment will occur October 1, 2015. As … Continue reading
Posted in Fraud prevention, Project planning
Tagged a/r processing, accounts receivable, electronic payments, EMV, financial liability shift, liability shift, payment card fraud, payments fraud
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REMINDER: U. S. MERCHANT LIABILITY FOR NON-EMV COUNTERFEIT POS PAYMENT CARD TRANSACTIONS BEGINS OCTOBER 1, 2015
WHAT IS THE EMV FINANCIAL LIABILITY SHIFT? Beginning October 1, 2015, financial liability for counterfeit point-of-sale (POS) payment card transactions will shift to, “the party that is the cause of a chip transaction not occurring….”1 Essentially, if the financial … Continue reading
Posted in Fraud prevention, Project planning
Tagged a/r processing, accounts receivable, b2b card payments, b2b payments, card payments, electronic payments, electronic payments b2b, EMV, financial liability shift, liability shift
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VALUE IN CORPORATE ELECTRONIC PAYMENTS ACCEPTANCE
A CONCEPT OF VALUE Koller, Dobbs, and Huyett contend that a business’s value is driven by its growth, return on capital, and resulting cash flows; that value is created when companies generate higher cash flows; and that value depends … Continue reading
UPDATED LEVEL III DATA ENTRY REQUIREMENTS
Visa and MasterCard now require Level III data entry for all corporate card types, including corporate, purchase, procurement, and fleet cards. Accounts receivable departments can retain 1% of the total amount of invoices paid with corporate charge cards, simply by … Continue reading