In March, a new higher per-transaction threshold for same day automated clearinghouse (ACH) payments kicked in. And with it came new concerns from your peers. Time to debunk dome same day ACH myths! Admittedly, you probably had many other things consuming your attention in mid-March. But the new $100,000 per transaction threshold definitely offers you […]
Payments and Transactions
Right now, health and safety are major concerns in the business travel sphere, making contactless payments an appealing option for companies.
No better time to make sure everyone carefully follows your company’s purchasing card controls. Just ask Delaware State University (DSU). In a recent audit of the school’s 6,116 p-card transactions, 487 seem to violate the policy restrictions. The cost of that lack of compliance? $208,540. The audit report uncovered a whole host of weaknesses in […]
Due to the worldwide pandemic, your finance team has really been put to the test lately, especially concerning its payments process.
Your company may be entitled to some sales tax relief. Many states are cutting companies a break on this critical compliance front due to the coronavirus. That’s in addition to the relief you’re getting on the federal tax compliance level from IRS in the form of both tax credits and pushed-back deadlines. So far, 19 […]
Circle this day in red on your Finance calendar: March 20, 2020. That’s when the per-transaction dollar limit for Same Day ACH quadruples. The current $25,000 cap will jump to $100,000. It’s the latest in a series of enhancements designed to increase adoption. It’s estimated the current $25,000 threshold covers about 89% of business-to-business transactions. […]
Whether your finance department is ready or not, globalization is spreading and international payments are steadily increasing.
We’re just a few months away from the start of the next round of improvements to same-day automated clearinghouse (ACH) payments. And you just received some new resources to help you make the most of them.
The severity of email scams is escalating for you and your finance team.