Payment system revolution continues with free cross-border payments + plain normal
by CTMfile
Circle offer free payments, integrated transactions are the new business, Amazon disrupting again, how to use business cards in your payment mix
Home » Payments - Bill Collection » Billing Systems & e-Invoicing
Billing Systems & e-Invoicing
Background
Generating a bill or invoice - the request for payment (which is legally required in many countries and is subject to local laws) and presenting it to the customer for payment, and then collecting the payment is a core and costly part of any business transaction. There are seven types of billing… Read more about Billing Systems & e-Invoicing
Cash management improvement opportunities world-wide with new payment services
by CTMfile
Same day ACH debits, PSD2, Alipay, mobile payments slow growth, MasterCard B2B payments hub for SMEs, insights into B2B payments, EMV chip card penetration/region
New UK clearing bank for banks: Clear Bank® with single API to all clearings
by CTMfile
A brand new clearing bank with no consumer customers that will break the big four monopoly and open up whole clearing in UK starts in 3Q 2017
How digitizing agricultural input payments in rural Kenya is tackling poverty
by CTMfile
One Acre Fund, in partnership with Citi Inclusive Finance, cut payment losses and collection costs by over 80 percent, boosting farmers’ satisfaction and economic opportunity
E-invoice market to grow 5-fold by 2024
by CTMfile
A report by Billentis on e-invoicing outlines market developments and potential for huge growth, driven by government digitisation and requirements for clearance model business invoicing
EVRY: PSD2 opens door to almost any company interested in eating a bank’s lunch…..
by CTMfile
White paper: Shows how PSD2 will open up the European financial landscape and the strategies for how banks can take the leading positions
Financial services face 6 obstacles to blockchain adoption
by CTMfile
Before blockchain can change the world of financial services – from remittance, trade finance, securities trading and insurance – it will have to overcome six key challenges
E-invoicing standard a step closer in Europe
by CTMfile
The European Commission has moved a step closer to defining a European e-invoicing standard but this won't simplify the e-invoicing landscape in the B2B environment
PSD2 and jargon explained
by CTMfile
European Payments Council infographic shows why Payment Services Directive (PSD2) was created, the main changes, who is who, possible roles, and the likely calendar. It will change your life
Use direct debiting for everything as most payments are recurring, repeat payments?
by CTMfile
Consumers and business mainly use the same suppliers and shops, they don’t often change. New efficiencies open up by developing new ways of using direct debiting and expanding usage
What corporate treasury departments want in making and receiving payments
by CTMfile
Systems that just work, don’t have to think about it; all the complexity is invisible. Is a Global Payments Directive from corporates needed?
Payments Update: implementing POBO, payments in new devices, fighting providers
by CTMfile
POBO is not easy; Walmart & Visa end battle over interchange fees; loyalty token platform integrated into payments; stand alone bank accounts and services
Explained: the future of blockchain and possible impact on financial services
by CTMfile
Blockchain, essentially a giant network, which records ownership and value, is being hailed as the second coming of the internet. Raconteur break down its future in 8 charts
How an Asian business embraced invoice automation
by CTMfile
The Corporate Treasurer speaks to the chief executive of a Sri Lankan clothing company, which has set up a financial shared service centre to manage payments and invoicing for operations in 15 countries.
Payment systems future: collaborative ecosystems of leading brands & developers
by CTMfile
Citi’s new global API hub, dLocal, Adyen and the openness in PSD2 show the future of payment systems. Finland’s real time mobile. Don’t forget collections via local payment systems. Card usage in USA keeps growing
The world of transaction banking and payments will be transformed over next decade
by CTMfile
BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
European e-invoicing numbers rise past 1.25 billion a year
by CTMfile
E-invoicing in Europe has risen by 27 per cent in past year, with more than 1.25 billion e-invoices processed, industry figures show.
More global e-invoicing growth as France and Saudi Arabia mandate usage
by CTMfile
Governments turn to domestic regulations to make sure e-invoicing happens
Consumers’ growing preference for rent/buy recurring payments rather than outright
by CTMfile
e-Commerce revolution as consumers payment habits move to subscription payments rather than buying outright, IF recurring payment services are easy to use + protect security concerns - Innopay report
Best practice for optimising new/old collection systems to maximise global revenue
by CTMfile
Enhancing consumer experience and catering for local differences, e.g. accepting 250 different payment systems in 190+ currencies, is only practical through an omnichannel provider
Does offering multiple payment options retain customers and generate new ones?
by CTMfile
Omni-channel payments for merchants is essential in opening up new markets and retaining current customers. The only question is how?
Internet of Things and impact on the future of payments
by CTMfile
How growing number of connected smart devices will significantly boost digital in-store transaction as well as online purchasing
Payment systems innovation continues: Ripple cutting costs, contactless booming, &
by CTMfile
Cost of cross-border payments dropping, contactless cards, Apple Pay expanding, stopping checkout abandonment, stockpiling bitcoins, overcoming the alternative payments problem, and new channels for collection
Inefficient invoice processing can impact whole business model, not just A/R costs
by CTMfile
Keeping processing cost of invoice down is important, but more important is to focus on the impact of your A/R processes on customers, and on the new opportunities opening up world-wide