Pandemic boosted digital payments, says World Bank – Industry roundup: 30 June
by Graham Buck
China seeks longer yuan trading hours, Diageo, Michelin join Russia exodus, Celent on ISO20022 speed bumps, Tencent joins the metaverse.
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: 6 January
by Graham Buck
Increased cyber risk expected; Standard Chartered HK responds to Omicron; DailyPay launches real-time digital wallet; Tradeling partners with MODIFI
How COVID propelled an AP automation drive
by Ben Poole
MineralTree research highlights the progress finance teams have made in AP automation and the barriers still to overcome.
Taking the stress out of business travel payments
by Ben Poole
BofA has launched a new credit card and app for its corporate and commercial clients in North America, Europe and Asia.
Cash forecasting and real-time capabilities crucial for European treasurers
by Ben Poole
The 2021 EACT Survey shows how treasurers are dealing with the challenges of cash management in a pandemic world.
Global B2B spending set to surge
by Ben Poole
An Amex survey finds 70% of businesses are optimistic for the year ahead, with many increasing spend on digital initiatives to drive growth.
Barclaycard signs with Mastercard to modernise business payments
by Ben Poole
It will use the Mastercard Track Business Payment Service to support its corporate customers.
How 5G will shake up global payments and benefit businesses
by Ben Poole
Verizon Business and Mastercard are partnering to bring 5G to the global payments industry.
Eurosystem launches digital euro project
by Ben Poole
The investigation phase of digital euro project is to last 24 months.
SWIFT launches payment pre-validation service
by Ben Poole
The service enables real-time payment validation to reduce errors, exceptions and costs caused by wrong or missing beneficiary information.
Santander boosts support for Spain-UK corridor businesses
by Ben Poole
The bank's agreement with the UK Department for International Trade aims to support trade between the two European countries.
SWIFT shows off bank endorsements for new platform
by Ben Poole
New platform capabilities launching in 2022 are part of SWIFT's strategy enabling instant and frictionless end-to-end transaction management globally.
Shots fired! New cross-border payments network takes aim at SWIFT
by Ben Poole
Former PayPal execs launch Six Clovers, a decentralised cross-border payment network connecting traditional and digital currencies.
BofA expands digital B2C payment offerings
by Ben Poole
The Pay to Card solution supports US and cross-border transactions via bank cards.
Goldman Sachs and Visa target global treasury modernisation
by Ben Poole
Their strategic partnership aims to transform treasury operations for Goldman’s clients with Visa B2B Connect and Visa Direct.
Two live transactions boost Marco Polo’s digital trade finance network
by Ben Poole
Commerzbank successfully executed the transactions to secure payments for commercial transactions based on blockchain technology.
BBVA rejuvenates its global cash management offering
by Ben Poole
The bank has renewed its range of services with BBVA Pivot - an ecosystem that aims to simplify cash management for multinational companies.
Innovative payments developments that should be on treasurers’ radars
by Ben Poole
Both Citi and FIS have announced payments-related news that has the potential to make a big impact for corporates.
Transforming accounts payable with Bank of America
by Ben Poole
The bank's Complete AP automated solution integrates with accounting and ERP technology to deliver process enhancements for corporates.
Citi adds digital SWIFT gpi case resolution tool
by Ben Poole
Citi Service Insights has launched on the bank's CitiDirect BE portal.
65% of financial professionals blame pandemic for increase in payments fraud
by Ben Poole
The 2021 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found business email compromise fraud attempts at 62% of companies.
Deutsche Bank and Mastercard intensify payments collaboration
by Ben Poole
The expanding partnership is specifically focussed on digital business payments.
Deutsche Bank launches payments platform through 2C2P in Thailand
by Ben Poole
The new platform aims to simplify the collections process for corporates in the country.
B2B transaction volumes surge
by Ben Poole
Both Tradeshift’s Global Index of Trade Health and Nacha analysis of the US ACH network have picked up sharp rises in B2B payments volumes.