Treasury News Network

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FX Management & Crypto

Basel Committee consults on FX Transaction Settlement Risk

by Kylene Casanova

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 Kylene Casanova

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 Kylene Casanova

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 Kylene Casanova

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 Kylene Casanova

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 Kylene Casanova

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 Kylene Casanova

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 Kylene Casanova

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.

Dealing & Trading

FXSpotStream starts bank to client production trading

by Kylene Casanova

FXSpotStream has completed the build out of its sites ahead of schedule and the service is now available globally from FXSpotStream's hosted sites in New York, London and Tokyo. FXSpotStream' s liquidity providers,

Payments - Receipts at POS

Cash is the fall back, cash is king

by Kylene Casanova

Fans attending the London Olympics football match between Team GB and the United Arab Emirates (UAE) at Wembley Stadium found that they could only purchase food and drink for cash after their card payments were reje

Fraud Prevention

Use a smartphone to verify online purchases

by Kylene Casanova

A new solution is coming to verify online purchases more secure. SafePay Solutions, a Canadian authentication based company, has revealed plans to launch a new tool which uses a smartphone to verify online purchases

Payments - Receipts at POS

BofA Merrill expands Commercial Card coverage

by Kylene Casanova

New York and London: BofA Merrill today announced that its card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden.