Businesses Seek Ways to Contend with Late Payments
One of the toughest challenges for businesses is ensuring customers pay their bills on time. In fact, a third of all businesses surveyed by CreditSafe report regularly dealing with overdue payments—totaling up to $70,000 per month. The Cost of Late Payments report revealed that nearly a third of respondents lose between 5% and 30% of […]
More Healthcare Providers Are Bolstering Cybersecurity Infrastructure, Study Finds
Healthcare organizations safeguard substantial troves of personal and financial data, making them prime targets for cybercriminals. According to a survey from the Healthcare Information and Management Systems Society (HIMSS), more organizations are strengthening their defenses. The study found that 55% of healthcare organizations plan to boost their cybersecurity spending this year. “Healthcare must invest more […]
Paperwork Over Plastic: Federal Procurement Card Curbs May End Up Costing More
Yesterday, The Wall Street Journal reported that the Trump administration had lowered single purchase limits on U.S. government corporate cards to one dollar for most government agencies, effectively rendering these cards useless. These actions were taken by the Elon Musk-run Department of Government Efficiency (DOGE) as part of an overall effort to improve government efficiency […]
Leveraging the Payment Card to Combat Friendly and Malicious Fraud
The Evolution of Card Payments and the Rise of Online Transactions In the late 1990s, card payments entered a new era with the internet’s mainstream adoption. Traditionally, cardholders would swipe or dip their cards into a point-of-sale (POS) terminal in-store. This allowed some form of authentication to be carried out. However, the rise of e-commerce […]