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Ranked Among the Highest Purchase Volumes For U.S. Visa® and Mastercard Commercial Card Issuers August 1, 2022 — Wisconsin Bank & Trust, a division of HTLF Bank, a member of Heartland Financial USA, Inc. (NASDAQ: HTLF) that operates under the brand name HTLF, continues to display consistent strength in the payments space. Nilson Report ranked HTLF among the top U.S. commercial credit card issuers for the seventh year in a row. HTLF saw a 48 percent increase in purchase volume growth and ranked 31st overall among purchasing and fleet card issuers, an improvement from 36th in 2020. ranking reflects HTLF’s innovative approach...
Unfortunately, it’s no longer a matter of “if,” but rather “when” payments fraud will impact your business. As you look at your payment strategy, does it minimize your risk to fraud? Like many businesses, your strategy may be highly focused on check payments, the most compromised payment type. Sixty-six percent of businesses said their companies experienced check fraud as part of the 2021 Association of Financial Professionals Payments Fraud and Control Report. While other payment methods have been targets, the risk significantly decreases with others; a breakdown is below. Tools and Best...
Your business probably receives daily invoices for payments. Have you considered the steps, manpower and security of your payment method? Cutting a check can take upwards of ten steps and is very unsecure, while ACH and credit card are quicker and more secure. If the latter two are used less frequently, your business is probably not maximizing your accounts payables process. By developing a solid payments strategy, both your business and your vendors will benefit. You can maximize your ability to earn revenue, improve cash flow and streamline processes with a strong payments strategy in place...
Discover the many ways your business can benefit from a streamlined and secure payments process utilizing electronic payments. Hear from our clients and team as they share insights and strategies that can positively impact a company’s bottom line. Our client panel includes: A large Construction company located in the West who developed a payments strategy by implementing fraud tools and transitioning to Commercial Card for payments to key vendors. A Midwest lumber supplier who has gained significant efficiencies by streamlining their AP process across multiple payment types using Integrated...
Internal Fraud is the misuse of an organization’s resources or assets conducted by a malicious insider. This individual could be a current or former employee, contractor, or other business relationship who has knowledge of or access to the processes and/or systems within an organization. Due to their knowledge, the fraudster can bypass organizational security measures through legitimate means. Industry Concerns According to the AFP Payments Guide 1: Combating Fraud in a Remote Working Environment “A somewhat alarming 2019 study of executives from mid-sized companies, $50 million to $3 billion...