US economic indicators reveal initial COVID-19 impact
by Ben Poole
Data from Citizens Commercial Banking and U.S. Bank shows the early tumult caused by the pandemic.
Accounts Payable Management
Background
Accounts Payable are the payments a business owes to suppliers for goods or services purchased on credit; a type of short-term debt. Accounts payable are often referred to as "payables." The main…
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Industry roundup: 22 April 2020
by Ben Poole
News in brief from Basware, Barclays, The World Bank, and Nacha.
Deutsche Bank begins roll out of corporate instant payments in Thailand
by Ben Poole
PromptPay uses an account number or corporate tax ID to receive incoming payments.
MineralTree expands ERP integrations for AP automation
by Ben Poole
The move simplifies remote work for finance teams.
OneStream Software launches transaction matching solution
by Ben Poole
The solution is designed to accelerate account reconciliations and financial close.
Flux and Pleo partner on digital expense management
by Ben Poole
The duo say they will provide the UK’s first fully-automated, invisible expensing experience for businesses.
COVID-19 crisis highlights need for real-time and new digital payments services
by Ben Poole
ACI Worldwide and Global Data research has analysed real-time payments volumes, growth and dynamics across 30 global markets.
Pelican and Banking Labs to bring AI-based payments and compliance to Canada
by Ben Poole
Banking Labs will market, sell and deploy Pelican solutions to banks and corporates.
Tipalti adds AI to AP
by Ben Poole
Tipalti Pi uses artificial intelligence and machine learning to make payables smarter.
Pandemic casts shadow over UK Payment Systems Regulator’s annual plan
by Ben Poole
The PSR's annual plan and budget were formulated before the COVID-19 crisis.
SWIFT COVID-19 statement stresses systems working as normal
by Ben Poole
The payments cooperative has postponed all in-person community events through to the end of May.
Comdata solution supports same-day shipper payments for fleets
by Ben Poole
QuickPay is designed to provide fleet owners with access to capital within 24 hours.
BlueSnap upgrades marketplace payment solution
by Ben Poole
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
Afinis adds testing capabilities to help payment API standardisation
by Ben Poole
The Nacha organisation is partnering with XMLdation on the project.
Erste Bank enables instant payments in Hungary
by Ben Poole
Powered by valantic, the bank now offers real-time payments around the clock and request-to-pay in Hungary.
i2c enables Airwallex B2B payments card
by Ben Poole
The i2c platform uses AI to optimise cross-border, multi-currency payments.
Volante Technologies supporting SWIFT Standards Release 2020 MT messages
by Ben Poole
Enhancements to the company's SWIFT plug-in ensure support for latest message standards and speed up ISO 20022 migration.
DXC Technology and Tradeshift collaborate on accounts payable and procurement processes
by Ben Poole
The two firms aim to deliver touchless procure-to-pay automation and insights.
Accuity acquires Apply Financial
by Ben Poole
The firm will provide real-time STP and account validation payment solutions.
SWIFT gpi traffic up to US$77 trillion in 2019
by Ben Poole
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
Vroozi and Stratas to automate purchasing and accounts payable in the UK and Ireland
by Ben Poole
The strategic partnership aims to equip mid-market organisations to grow profitably through automation.
TripActions launches corporate travel management and payments solution
by Ben Poole
‘TripActions Liquid’ is backed by Silicon Valley Bank, Goldman Sachs and Comerica Bank.
SWIFT to host open API hackathon in Africa
by Ben Poole
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
Kyriba launches payments network for global CFOs
by Ben Poole
The network is designed to combat payments fraud, centralise payments, and unlock organisational efficiency.