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

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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

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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

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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

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SECURE INVOICE PAYMENTS

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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

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