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Cash & Liquidity Management

The booming sukuk issuance opportunity

by CTMfile

Sukuk issuance utilizes a number of different shariah structures all making use of the purchase undertaking. Sukuk issuance is booming: Global sukuk issuance exceeded $85bn last year,

Investing

US MMF legislation delayed ..... BUT not abandoned

by CTMfile

Effective lobbying by corporates and many suppliers of money market fund products and service suppliers in the US defeated the chairwoman of the Securities and Exchange Commission (SEC), Mary Schapiro, proposals to

FX Management & Crypto

Basel Committee consults on FX Transaction Settlement Risk

by CTMfile

Since the Basel Committee on Banking Supervision’s Supervisory guidance for managing settlement risk in foreign exchange transactions (2000) was published, the foreign exchange market has made significant strides in

Payments - Receipts

E-invoicing market guide 2012

by CTMfile

The ‘E-invoicing market guide 2012’ from The Paypers builds on the success of the previous year’s edition. It brings together the most complete and up-to-date overview of the global e-invoicing ecosystem, mapping ou

Cash & Liquidity Management

Barclays extends Pingit to Kenya

by CTMfile

Launched in the UK earlier this year, Pingit is a person-to-person payment service that enables people to send and receive money using mobile phone numbers.

Payments - Receipts at POS

Square introduces monthly pricing

by CTMfile

Square commenced their merchant services in the USA with a flat 2.75% fee per swipe for mobile payments enabling anyone to accept credit and debit cards.

Payments - Receipts

Everyone is vulnerable to invoice fraud even banks

by CTMfile

Everyone is vulnerable to invoice fraud. Lloyds TSB in the UK took a hit after one its workers was found to have submitted false invoice payments over a period of four years, before laundering the proceeds.

Payments - Receipts at POS

Access to 145 million active Chinese online shoppers via PAY.ON

by CTMfile

PAY.ON have integrated China UnionPay (China CUP) and subsidiary ChinaPay into its PayPipe routing gateway. This development means that payment service providers and their merchants in the US, Europe and other parts

Payments - Disbursements

HSBC completes first RMB trade settlement in India

by CTMfile

HSBC India has executed the first renminbi (RMB) denominated cross-border trade transaction in India for a major pharmaceuticals company, and said that the transaction had seen the bank join a growing list of HSBC e

Fraud Prevention

European Commission launches tool to combat VAT fraud

by CTMfile

A proposal for a Quick Reaction Mechanism (QRM), that would enable Member States to respond more swiftly and efficiently to VAT fraud, was adopted by the Commission today.