In an article on Friday, "Calif. Hedge Fund, Changing Its Tune, Now Urges Sale of Pennsylvania Thrift," on page 6, Genesis Financial Partners was incorrectly identified as the largest shareholder in First Keystone Financial, with 5.625% of the stock. Jerome Davis, of Greenwich, Conn., who holds 9.9% of the company's stock, is the largest shareholder.
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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.