Peak National Bank, Lakewood, Colo., has named David J. Neff as branch president at its new Lakewood office. He will oversee all lending, operations, and business development activities at this location. He was most recently associated with Colorado National Bank, where he served as president of the Green Mountain office.
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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.