AFP Releases B2B Electronic Payment Survey
The Association for Financial Professionals (AFP) has released the results of its 2004 Electronic Payments Survey (pdf) covering business to business payments.
Financial professionals identified barriers that obstruct progress toward wider adoption of electronic payments in B2B transactions.In the survey respondents gave nearly equal weight to four major barriers: accounting systems that are not integrated with electronic payment systems; shortage of IT resources; lack of a single standard format for remittance information; and trading partners who cannot send or receive electronic payments with sufficient remittance information.
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