Improving Business Payments by Asking What Corporations Really Want

7 Pages Posted: 8 Jun 2005

See all articles by Michele Braun

Michele Braun

Federal Reserve Bank of New York - Payments Studies Function

Sandy Krieger

Federal Reserve Bank of New York

Abstract

A recent study led by the New York Fed sheds light on the changes in the payment process that large corporations would most like to see. The study's results, summarized in this article, suggest that corporate treasurers and cash managers would particularly value enhancements that decrease unauthorized and insufficiently funded payments, streamline data formats, improve bank services and information posting, and reduce cross-border payment uncertainties.

Keywords: corporate, payments, fraud, efficiency, satisfaction, importance

JEL Classification: L21, M10, O31

Suggested Citation

Braun, Michele and Krieger, Sandy, Improving Business Payments by Asking What Corporations Really Want. Current Issues in Economics and Finance, Vol. 11, No. 5, May 2005. Available at SSRN: https://ssrn.com/abstract=733423

Michele Braun (Contact Author)

Federal Reserve Bank of New York - Payments Studies Function ( email )

33 Liberty Street
New York, NY 10045
United States

Sandy Krieger

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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