Articles on Wednesday and Thursday mischaracterized the margin by which Bankers Trust Corp. shareholders approved the merger with Deutsche Bank. The 70.3% figure cited represents the percentage of outstanding shares that were voted in favor of the merger. By the more conventional measure- percentage of votes cast-the merger won approval from 98% of shareholders.
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The increasing adoption of virtual card payments by accounts payable departments has created an unexpected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables.