Barclays expands cash management team in GCC Region
by Kylene Casanova
Barclays Bank is continuing to expand its corporate banking offering in the Gulf Co-operation Council (GCC) region through the expansion of its cash management capabilities.
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FSC platforms and networks: Syncada from Visa
by Kylene Casanova
Visa Inc. and U.S. Bancorp set up Syncada in July 2009 – a joint venture providing a business-to-business (B2B) network for corporations and governments to process and track invoices, make and receive payments aroun
Citi and Maxim Health Systems combine to provide Flu Care Payment Solution
by Kylene Casanova
The Citi® Flu Care card is a payment service that shifts the administration of flu shots from doctor's office or on-site clinics to more cost-effective pharmacy locations. The card is only usable in 25,000 pharmacie
Bank Service Billing Codes progress report from Paul Burstein and TWIST
by Kylene Casanova
The Transaction Workflow Innovation Standards Team (TWIST) was set up to close the gaps in the physical and financial supply chain. Their main focus has been on driving the development of global Bank Service Billing
You have already have a POS terminal in your pocket/briefcase, you just need an adapter
by Kylene Casanova
Square were the first to develop an adapter (1) to enable the mobile phone to accept card payments(2), and also convert the iPad (3) and the iMAC (4) into a POS terminal:
Cheques in decline for ever, but will they never actually disappear?
by Kylene Casanova
In July 2011, the UK's Payment Council decided to abandon their plan to kill off the cheque.
BofA Merrill Introduces iPad Application for their payment and invoicing service Paymode-X®
by Kylene Casanova
BofA Merrill has introduced an iPad application for its clients utilizing the digital online payment and invoicing system, Paymode-X®. Using Paymode-X for iPad, executives now have remote real-time access to critica
GlobalCollect offers BOKU as mobile payment checkout to its merchant network
by Kylene Casanova
BOKU, Inc. and GlobalCollect , the leading provider of online payment services in the eCommerce market, announced today GlobalCollect has selected BOKU as its global mobile payments partner.
Types and volume of mobile phone transactions at point of sale are expanding everywhere. Raises key
by Kylene Casanova
New initiatives for mobile phone payments are announced every day, here are some recent ones:
Citi launches new trade functionality on CitiDirect BESM Mobile
by Kylene Casanova
Today Citi launched Trade Advisor - Mobile, new functionality, on their CitiDirect BESM Mobile platform that allows trade clients to access Trade Advisor on their mobile phones. Trade Advisor, currently available th
It’s official: cash payments are making a comeback and credit card usage continues to fall
by Kylene Casanova
There are many examples of cash making a comeback at the point of sale, here are some:
Costs of payment collection at point of sale in UK: cash is cheapest and is, on average, 24 times ch
by Kylene Casanova
The British Retail Consortium (BRC) has been conducting their annual Cost of Payment Collection Survey, since 1999, of their members' costs of payment collection to provide participant members with key benchmarking
JP Morgan Launches Eskrow Risk Mitigation Service in South Africa
by Kylene Casanova
Already a leading escrow provider in the United States and Europe, JP Morgan treasury services have launched new escrow services in South Africa to help clients mitigate counterparty risk.
Bank of America Merrill Lynch launch proprietary Canadian Lockbox service and now delivers comprehen
by Kylene Casanova
Bank of America Merrill Lynch today announced a proprietary lockbox service in Canada. Companies receiving payments in Canada can now utilize lockbox processing that is consistent with the same service BofA Merrill
EBA CLEARING launches MyBank technical pilot
by Kylene Casanova
The new Online Banking ePayment (OBeP) systems allow consumers to make purchases using their most trusted financial institutions - their banks. With this approach, consumers don't have to share their personal inform
Contactless card usage and functionality is growing in UK, but very, very slowly
by Kylene Casanova
Today, upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15.
Europe card fraud peaked in 2008. Now landscape is changing with migration to Germany & France f
by Kylene Casanova
FICO, the analytics company, have found that technology is changing the fraud landscape in Europe. Card fraud has migrated from UK to other countries, notably France and Germany, over the last few years.
When the funds are really trapped, use a local currency money market fund
by Kylene Casanova
In the long run, most trapped cash can be 'released', but there may be many months or years when it cannot. Obtaining any return on these funds can be difficult.
Citi Launches Renminbi Cash and Trade Solutions in the UK
by Kylene Casanova
EMEA is the second largest trade partner with China, and the European market has been quick to adopt RMB denominated transactions. (According to the SWIFT RMB Tracker, Europe currently represents 47% of RMB global p
Moving to receivables based netting and achieve Nirvana? Well at least lots of savings
by Kylene Casanova
Coprocess, a provider of Multi-lateral Netting products, are now finding that 50% of their clients run receivables based netting. (It used to be less than 30% only a few years ago.)
In Asia-Pacific cash and treasury management improvements keep on coming
by Kylene Casanova
In the Asia-Pacific region improvements in infrastructure, bank and payment services just keep on coming. Three latest examples are:
PayPal comes to UK high street using in-store payments on mobile phones
by Kylene Casanova
PayPal has signed deals with four major UK high street retailers to enable PayPal account holders
Citi launches enhanced liquidity and portfolio analytics capabilities for funds of hedge funds clien
by Kylene Casanova
New York: Citi has expanded its global capabilities for administration and custody services to assist fund managers in establishing a more efficient, informed and effective investment process.
Reval’s Integrated Treasury and Risk Management System for the Enterprise is making progress
by Kylene Casanova
Reval acquired the German treasury management system company ecofinance in early 2011. Since then they have been hard at work integrating econfinance's cash management system with their Software-as-a-Service (SaaS)