Digital wallets eclipsed cash globally at POS for first time during COVID
An FIS study also found the global e-commerce market grew 19% to US$4.6 trillion and is expected to grow nearly 60% percent by 2024.
Accounts Receivable Management
Background
Accounts Receivable (A/R) is the money owed to a business by its clients. The main objective in Accounts Receivable management is to minimise the Days Sales Outstanding (DSO) and processing costs…
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Deutsche Bank and Mastercard intensify payments collaboration
The expanding partnership is specifically focussed on digital business payments.
Deutsche Bank launches payments platform through 2C2P in Thailand
The new platform aims to simplify the collections process for corporates in the country.
B2B transaction volumes surge
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.
BNP Paribas adds incoming payment tracker to e-banking solution
BENEtracker, co-created with a corporate client to facilitate their payment inquiries, is now available through the bank's e-banking tool.
Bank of England outlines Brexit payment risks
The BoE's Financial Stability Report for December 2020 notes the additional information required for SEPA payments between the UK and EU.
FNBO using SWIFT gpi data to support international business growth
The First National Bank of Omaha has used the solution to remove friction from its clients' cross-border payments.
Digital, distanced and domestically focused: Mastercard’s view on 2021
The payment giant's Economics Institute has analysed data from across its network to predict next year's key trends.
The role of banks in the future of European payments
A white paper from EBA and McKinsey has examined the challenges to banks’ traditional role at the centre of the payments ecosystem.
New commercial payments options released by Visa and BBVA
Both firms have launched solutions designed to improve the corporate B2B payments experience.
US corporates embracing electronic B2B payments
While the AFP 2020 survey shows the benefits that digital payments offer corporates, it also notes the cyber security awareness that firms must show.
Mastercard advances multi-rail strategy to modernise business payments
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
Kyriba virtual event showcases treasury case studies
The Kyriba Global Summit, which starts next week, will be covering liquidity, payments, FX, supply chain finance, and much more.
SIA integrates request to pay services in Europe
The payment method allows beneficiaries to send a payment request in real-time to a payer through several digital channels.
DBS launches online tracking for cross-border collections
Corporates in Singapore and Hong Kong can now access real-time visibility for both cross-border payments and collections at no additional cost.
Optimising cash & collections in the new COVID-19 normal
Automating accounts receivables processing and management
COVID-19 is a catalyst for digital B2B payments adoption
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
The shift in finance leaders’ priorities
As the top global 100 companies start to rebound from Covid-19, payment delays are the key concern for 65% of finance leaders.
Singapore’s multi-currency blockchain project concludes final phase
Project Ubin’s fifth and final phase highlights commercial potential, paving the way towards live adoption.
Billtrust adds to its B2B payments solution
Its Pay on Email solution targets billing and cash flow efficiencies for remote working.
Turn collecting receivables into a competitive and fun game
CashTarget from AI platform Sidetrade uses gamification for businesses to improve receivables collection performance
COVID-19 and the impact on digital payments
Two new reports consider the effect that the pandemic is having on cash and payments behaviour.
Digital fiat currencies reality a step closer
A settlement involving SocGen and Banque de France, and a patent application from Visa, offer a glimpse of the future of money.
COVID-19 rapidly reshaping banking and payments behaviours
New data from FIS shows 45% of Americans have changed the way they interact with their banks since the coronavirus outbreak.