Your company may or may not have celebrated Juneteenth this year. But now that it’s a federal holiday, it’ll likely affect your company’s payroll and accounting processes going forward. President Biden signed legislation on June 17, 2021, making Juneteenth (June 19), a legal public holiday to commemorate the end of slavery in the U.S. Here’s […]
Payments and Transactions
Have an Automated Clearinghouse payment dispute? Then your company will have to act fast. Nacha has a new rule that limits the timeframe a Receiving Depository Financial Institution (RDFI) can make a claim against the originating institution’s authorization warranty. And it became effective June 30th. You now have one year from the settlement date of […]
It’s no secret that the pandemic changed the way people work and companies operate, especially in regards to nonemployee expenses.
Has your finance team noticed more payment errors cropping up in the past year? If so, you’re in good company.
The ACH Network is soaring to new heights, so there’s never been a better time for companies to ramp up ACH adoption and usage.
There’s a great enhancement coming for companies that take advantage of Same Day ACH and send or receive high-dollar payments.
If your Finance or Payroll folks make special arrangements with an employee to repay debts or overpayments, it’s critical to remind them to get the agreement in writing. This is the best way to protect your company in case any legal disputes arise. And it’s ironclad proof that the arrangement is on the up and […]
Nacha’s WEB Debit Account Validation Rule kicked in on Friday. However, if you’re not completely ready, you catch a break. Under the rule, if you rely on automated clearinghouse (ACH) debits from customer accounts, you now have to take another step to guard against fraud. As the originator of the ACH, your company must verify […]
Your company may use virtual cards for vendor payments. And now, some providers are looking to bring them into the business travel world.