European Commission plans to cap fees banks charge when processing card payments from next year, but
by Kylene Casanova
The cap, which is in line with measures demanded by the Commission's antitrust officials, will-
Cash & Liquidity Mngm in Europe
Background
Banks and other suppliers in Europe offer some of the most advanced cross-border liquidity management solutions available today. There are now several locations in Europe for managing global…
Read moreNordea’s Global Cash Pool: the real-time cross-border, cross-currency cash pooling service .....
by Kylene Casanova
Nordea’s Global Cash Pool (GCP) provides access to client’s overall liquidity using balance netting to provide real-time cross-border, cross-currency cash pooling. Balance netting is much more
Mobile and online payments via the card schemes under threat from Pingit, Zapp, Ideal and MyBank
by Kylene Casanova
In the UK last week Barclays revealed it was planning to extend its mobile phone number-based P2P payments service, Pingit, to retailers. Launching soon, the Buyit feature will let users make
German RMB payments value increases 71% and EUR almost loses its lead as most used currency
by Kylene Casanova
SWIFT data shows that Germany is ranked #8 in the world for RMB payments value
UK Payments Council is thinking differently about the UK payments infrastructure
by Kylene Casanova
Payments Roadmap – An Initial Report today spells out the Payments Council's revolutionary ....
Uncollectable: Europe’s CFOs are losing billions of euros in bad debt, recent research reveals
by Kylene Casanova
Each year, Europe's 21 million businesses lose €350 billion in bad debt. Unpaid receivables rose from 2.8% last year to a current level of 3%, according to the European Payment Index 2013. Credit management services
25-26 June: Eurofinance Conference ‘Treasury, Risk and Cash Management in Russia‘
by Kylene Casanova
Leading event for Russian companies looking to expand internationally and foreign MNCs moving into Russia. Sessions cover the elements of effective cash management including risk, liquidity, pooling and banking rela
Decision tree on alternative forms of finance now traditional forms of finance are no longer useful
by Kylene Casanova
The new CBI guide, 'Ripe for the picking: a guide to alternative sources of finance'
Council of the European Union DEMANDS Sepa migration push
by Kylene Casanova
At its latest economic and financial affairs meeting, the Council - made up of minsters from EU member states - reiterated its backing for the Sepa (Single euro payments area) project and the
‘Banks Cash Management Coverage and Services in Europe 2013’ Report shows relatively unchanged cover
by Kylene Casanova
The annual J&W Associates survey of the banks in Europe cash management services and coverage showed that coverage remain relatively unchanged with Citi, Société Génerale and Unicredit
Warning: Financial Transaction Tax will affect other countries too
by Kylene Casanova
Opposition to the Financial Transaction Tax is growing as associations and corporates around the world wake up to the impact.
Euro problems are not going away any time soon. Try these ‘Lifesaving Steps‘ from BofA Merrill
by Kylene Casanova
The Cyprus liquidity crisis showed that the euro crisis is not over by any means.
Richard Raeburn’s, Chairman of the EACT, glum conclusion about the Financial Transaction Tax
by Kylene Casanova
In his blog, Richard Raeburn, Chairman of the European Association of Corporate Teasurers, concludes on the Financial Transaction Tax:
RBS launches SEPA Accelerator to help clients easily migrate to SEPA Standards
by Kylene Casanova
The Royal Bank of Scotland (RBS) plc today announced the launch of the RBS SEPA Accelerator; a new solution to help clients quickly and cost-effectively migrate to mandatory SEPA standards.
SEPA: the one thing you HAVE TO fix before 1 February 2014 + other developments
by Kylene Casanova
Payroll payments in the new SEPA Credit Transfer XML formats have to work from 1 February 2014. The rest is detail.
Possible Euro break-up: plans on hold while contingency procedures and systems are being kept in pla
by Kylene Casanova
In September 2012 Citi's chief economist put the likelihood of Greece leaving the euro within 18 months at 90%. These concerns on Greece and the Euro zone have lessened, but they have not gone away.
EU’s Financial Transaction Tax (FTT) may mean that your cash-coordination centre will need to reloca
by Kylene Casanova
Corporate treasury is rightly concerned over FTTs. It is not just the looming (in early 2014) EU FTT, there are also proposals to introduce one in the USA. M-Pesa, the mobile payment system in Kenya, has just had on
Greenwich Research survey suggests Deutsche Bank strengthening European corporate banking lead
by Kylene Casanova
The results of the Greenwich Associates conducted interviews with 3,125 financial officers (e.g., CFOs, finance directors and treasurers) at corporations and financial institutions with sales in excess of 500 millio
How much is the complexity in Europe’s payment card Interchange structures costing your organisation
by Kylene Casanova
Card interchange charges - the proportion of the merchant service charge that is passed on to the card issuer - in the VISA and MasterCard card schemes has always been costly for the merchant, sometimes as much as 2
The UK Payments Council ‘The way we pay’ report 2013 suggests beginning of end for debit cards
by Kylene Casanova
The Payment Council's report on the way the UK pays always makes interesting reading. Some of the key findings from the report are:
Faster Payments revolution is UK is being driven by the SMEs. Finance Director: ‘We’ll never use che
by Kylene Casanova
The astonishing growth in Faster Payments (the online payment service for phone, the Internet and other payments) usage in 2012 - 54% by volume and 163 % by value - shows consumers and businesses just love the servi
UK Clearings in 2012: a revolution is occurring with astonishing growth in Faster Payments - 54% by
by Kylene Casanova
The UK Payments Council's clearing statistics for 2012 show that a revolution is happening in the UK payments landscape:
Ten projects you may have forgotten
by Kylene Casanova
Volatile markets and shifting regulations require a dynamic approach to managing the treasury project queue. Treasury Alliance have put together a list of ten projects that may have slipped your list including SEPA
Europe’s CFOs betting on recovery
by Kylene Casanova
The latest quarterly survey of senior finance executives conducted by Duke University's Fuqua School of Business and CFO magazine, working with Tilburg University in Europe.