AFP Electronic Payments Survey Results

Agenda:

11:45 a.m. -12:15        Check-in, lunch, and networking

12:25-12:30 p.m.         Opening Statements

12:30 -1:30 p.m.          Presentation & Questions

 Tom Hunt, CTP, Director of Treasury Services, Association for Financial Professionals

Tom Hunt, CTP
Director of Treasury Services, Association for Financial Professionals

Tom is the Director of Treasury Services at the Association for Financial Professionals. Hunt has more than 15 years of direct treasury experience working across different industries, including various roles at Medtronic, Fairview Health Systems and, most recently, at 3M Company. At 3M, he oversaw the global banking strategy, redesigned and implemented a new domestic cash management structure and led acquisition activities for the treasury department. He holds an MBA in finance from the Opus College of Business at the University of St. Thomas in St. Paul, MN.

Session Description:

The move towards electronic payments is for corporates in the United States has been a slow process. The paper check has prevailed as a major payment method for Business-to-Business transactions even as the development of faster and real-time payments have become operational. The move away from legacy payment structures can be complicated and costly. This session will highlight findings from the Association for Financial Professionals (AFP) 2019 Electronic Payments Survey and will not only share insights to what inroads electronic payments have had in the corporate space, but also discuss benefits as well as barriers for corporate adoption of electronic payments.