Remittance Coalition is building a Business-to-Business Directory on US market
by Kylene Casanova
Directory plans to provide a secure way for small/medium size US businesses to acquire key payment d
Cash & Liquidity Mngm in North America
Background
The NAFTA (North American Free Trade Agreement) area, is made up of - USA, Canada and Mexico, is the world's biggest trading blockt. Also NAFTA is the world's largest free trade area in terms…
Read moreThe world is moving to same day ACH payments
by Kylene Casanova
In USA NACHA takes Steps towards Same-Day ACH Settlement
Bank of America Merrill Lynch cash recycling solution in the USA & adds lockbox site in Canada
by Kylene Casanova
Improves Working Capital by freeing up trapped cash, lowering costs and increasing efficiency
RBS Americas launches new e-payables service for corporate clients
by Kylene Casanova
RBS Paymode-X helps companies cut costs of traditional payables operations
2014 U.S. GAAP financial reporting taxonomy now available for public review
by Kylene Casanova
Financial Accounting Standards Board (FASB) today released proposed new taxonomy
How to exploit the new extended remittance formats now offered by Fedwire and CHIPS
by Kylene Casanova
The Remittance Coalition is driving the move to extended remittance formats for wire transfers
FATCA compliance deadline postponed by six months
by Kylene Casanova
US Department of the Treasury and Internal Revenue Service (IRS) agreed a six-month extension
U.S. Bank’s new SAP® consolidated payables link is another example of SAP’s direct to bank connectiv
by Kylene Casanova
U.S. Bank today announced the availability of their payment application that enables clients to integrate their SAP enterprise resource planning software with U.S. Bank's payment origination
FATCA for multinationals: what treasurers need to know
by Kylene Casanova
"The Foreign Account Tax Compliance Act (FATCA) is a new set of U.S. tax rules that will affect many aspects of the day-to-day activities of the corporate treasury function. FATCA was enacted by
Working capital performance among large U.S. public companies has improved only marginally over the
by Kylene Casanova
Last month, REL Consulting published their 2013 working capital survey in CFO magazine. The 1,000 large U.S. companies included in the survey had more than $1.1 trillion in excess working capital. Given the recent a
Bank of America Merrill Lynch introduces bundled services tailored for smaller businesses
by Kylene Casanova
Bank of America Merrill Lynch, a leader in global transaction services, today announced the launch of Cash Management Essentials in North America, a suite of simple and affordable treasury
Where corporate treasurers in the USA are keeping their cash
by Kylene Casanova
A cautiously optimistic business outlook continues to shape organizations' cash and short-term investment decisions, according to the 2013 AFP Liquidity Survey.
Bank of America Merrill Lynch expands Transaction Services offering in Canada
by Kylene Casanova
Bank of America Merrill Lynch has announced the expansion of its Global Transaction Services (GTS) business in Canada.
Direct payment via ACH is the leading consumer bill payment method in USA
by Kylene Casanova
According to a study of 1,000 billers released today by NACHA – The Electronic Payments Association, Direct Payment via ACH is the leading method consumers use to pay their bills. The study
‘Banks Cash Management Coverage and Services in North America 2013’ report released
by Kylene Casanova
J&W Associates' annual survey of 12 banks in North America cash management coverage and services, showed that the coverage remain relatively unchanged while there are still real differences
1st Q 2013 USA: Pace of cash accumulation decelerated and likely to slow further in 2nd quarter
by Kylene Casanova
The pace of corporate cash accumulation decelerated during the first quarter of 2013, according to April 2013 AFP Corporate Cash Indicators™, a quarterly study that measures recent and
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.
NACHA’s Internet Council launches WEB eResources Center to provide ACH network participants with too
by Kylene Casanova
NACHA — The Electronic Payments Association's Internet Council announced the launch of its WEB eResources Center. The WEB eResources Center offers resources and tools to support
US ACH payment growth in 2012; fastest growth in online payments
by Kylene Casanova
Total ACH payment volume grew to over 21 billion transactions in 2012, up 4.19 percent over 2011, according to NACHA the Electronic Payments Assocation.
Swap users in US get more time to report trades
by Kylene Casanova
Companies won delays in Dodd-Frank Act requirements to report derivatives trades they use to hedge business risks. The so-called end users, who trade as clients of banks, need the delay to test
SunGard selects J.P. Morgan Clearing Corp.for access to centralized custody and settlement capabilit
by Kylene Casanova
SunGard has added centralized custody and settlement services access through J.P. Morgan Clearing Corp. to their Short-Term Cash Management multi-fund cash investment solution.
Canada Pulls the Plug on the Penny
by Kylene Casanova
The Canadian Mint has now ceased distributing pennies to financial institutions and the circulation of the currency will begin to decline. The transition data was announced in July 2012 after consultations with smal
Legal settlement kicks in: US merchants can now charge for credit card transactions
by Kylene Casanova
Retailers in 40 US states can now charge up to four percent extra when consumers pay for goods and services with a credit card. The new service fees would potentially cover the merchant's cost of processing the cred
Canada will be first to implement Basel III Capital Requirements and a SCT study of the implications
by Kylene Casanova
On 10 December, the Office of the Superintendent of Financial Institutions (OSFI) issued the final regulatory requirements for Canadian banks under Basel III, effective first quarter 2013. The announcement comes jus