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Cass Information Systems CEO Discusses Invoice Fraud and Payment Issues on Today's Marketplace

1. Cass CEO discusses invoice fraud impact on businesses during TMP interview. 2. AI technology used by Cass to validate 'non-PO' invoices enhances security. 3. 80% of businesses face invoice fraud, indicating a growing market for Cass's services. 4. Cass processes over $90 billion annually, highlighting its scale in invoice management. 5. Financial education is evolving, with emphasis on tech skills for future finance roles.

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Why Bullish?

The focus on invoice fraud and Cass's unique solutions position it favorably. Companies invested in fraud detection tend to perform well during economic uncertainties.

How important is it?

The article discusses key trends and challenges affecting Cass's core services directly, indicating substantial relevance to its future performance.

Why Long Term?

As businesses increasingly adopt automated solutions, Cass's role becomes more critical over time, suggesting a sustainable growth trajectory.

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, /PRNewswire/ -- Today's Marketplace (TMP) is proud to announce a featured interview with Martin Resch, President & CEO of Cass Information Systems (NASDAQ: CASS), and Anthony R. Hendrickson, PH.D, Dean of the Heider College of Business, Creighton University. The two men joined TMP's host Jane King to discuss the financial implications of invoice fraud and other security issues involving payables which have become a substantial concern for businesses of all sizes.The full interview can be viewed online. Cass Information Systems CEO discusses invoice fraud "When we think about AP processing, invoice processing, there are basically two ways that it works: either a purchase order has been initiated, or an invoice for goods or services simply arrives," Resch told King. "The PO provides rigid protections upfront, but for those invoices that you can't PO, you have to have a different control process, and that is where Cass Information Systems comes in." Resch went on to explain how Cass, which is a bank, processes millions of those "non-PO" invoices worldwide -- utility bills, freight invoices, anything that is contract-based -- using a sophisticated control structure that leverages AI to make sure the invoice is legitimate and accurate before it is processed.Dean Hendrickson explained to King how AI-based financial processing solutions like those used by Cass are meeting new challenges and creating new opportunities for business students wishing to enter the world of finance."It's important as we prepare students for roles at firms like Cass that they are not just learning finance, they are going to have to acquire some technical skills as well. We have a FinTech major where students are learning about blockchain, AI, machine learning, analytics -- all those tools you are going to need in addition to those traditional financial and accounting skills because invoice processing and all of those transactions are now fully automated."Approximately 80% of businesses experience some type of invoice fraud severe enough to impact their bottom line, and it will only get worse. Implementing robust controls and having a financial institution at your side that understands the impact of making those payments in a controlled way is a business's best defense, says Resch.TMP's interviews cover important business topics and solutions with insights from academic experts and business leaders. "TMP is a great resource for busy executives to get quick updates about high-quality businesses, directly from the leaders of those organizations. I feel honored to have been invited," said Resch following the interview.About Cass Information SystemsCass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities, and other operations. Disbursing over $90 billion annually on behalf of clients, and with total assets of $2.3 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly owned subsidiary, Cass Commercial Bank provides sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®. More information is available at www.cassinfo.com.About Creighton University, Heider College of BusinessCreighton University is a Jesuit University located in Omaha, Nebraska. The Heider College of Business prides itself as one of the most connected schools of business with real-world business practice. It is one of only a handful of universities with a new FinTech major, designed to allow students to become immediate contributors in today's complex and rapidly changing business environment. For more about Creighton and the Heider College visit www.Creighton.edu.About Today's Marketplace Today's Marketplace (TMP) is a series of C-Suite interviews filmed at the prestigious New York Stock Exchange (NYSE) and the NASDAQ MarketSite studio for earned media distribution. TMP's multi-channel distribution provides robust authoritative and credible media exposure to under-reported stories. Visit TMP at todaysmarketplace.tv.Media Contact: Diane Rygh, [email protected]SOURCE Today's Marketplace WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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