Turn collecting receivables into a competitive and fun game
CashTarget from AI platform Sidetrade uses gamification for businesses to improve receivables collection performance
International Bill Payments
Background
The cost of collecting cross-currency payments - setting up currency accounts, FX conversion costs (can be as high as 200 bps or more) and the processing charges - can be 3-5% + of the value of the…
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Industry roundup: 1 May
News in brief featuring Deutsche Bank, BNP Paribas, Ripple, SIA, and many more.
BlueSnap upgrades marketplace payment solution
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
SWIFT ISO 20022 adoption for cross-border payments pushed back
The original lead migration deadline of November 2021 has been delayed until the end of 2022.
SAP and Goldman Sachs target global payments innovation on Ariba Network
The pair aim to make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
Taking the paying out of life and business
Payment systems disappear as services and ecosystems takeover
SWIFT to host open API hackathon in Africa
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
Completing the last leg of the payments journey
A report from SWIFT and Aite Group explores the benefits of mandatory confirmation of payment receipt.
Citi platform to simplify cross-border B2B collections
Citi Global Collect embeds FX capabilities in the global invoice presentment and payment process.
GoCardless launches global network for recurring payments
TransferWise will power the FX capability within the network.
Swift gpi ‘Request-to-pay’ will bring global benefits
Proof of concept development by banks and corporates in Swift gpi roadmap shows huge potential, but how long will it take to deliver?
Speeding up and reducing cost of executing cross-border payments
Deutsche Bank joins Interbank Information Network to minimize friction in the ancillary payments processes
Are cryptocurrencies not only the future of money, but increasingly the money of today?
Increasing global acceptance of cryptocurrencies raises many vital questions
Payments review: Faster Payment and Digital Wallets booming; Best at cards; batches of payments
Payments review: Faster Payment and Digital Wallets booming; Best at cards; batches of payments
Swift hails successful cross-border payments integration with FAST
The integration of Swift gpi Instant with Singapore’s domestic instant payment service has accelerated payment times
SWIFT gpi service for corporates goes LIVE - now need to scale up
New service enables multi-banked corporates to initiate and track payments across all their banking partners, but much more to do
Deutsche Bank completes renminbi transaction ‘first’ for tech firm
The bank announced its debut RMB foreign debt centralised management transaction under SAFE rules for Delphi Technologies
JP Morgan extends cross-border digital payments to China
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
Visa’s B2B Connect platform officially launched
The part distributed ledger-based, non-card platform for high-value corporate, cross-border payments has been in development since 2016
Moving to ISO 20022 message standard is HUGE
Deutsche Bank’s Ultimate guide to ISO 20022 migration on the impacts of standardising on a new payment message format is a must read
BELLIN first TMS provider to enable SWIFT gpi within Lite2
Swift’s roll out of their new gpi business applications framework continues
10 Impacts of a “No Deal” Brexit
by Brian Shanahan, Founder & CEO, Informita
Prepare for the worst and hope for the best
Standard Bank develops global payments blockchain platform
The South African bank is also working with shareholder and partner ICBC to extend the private permission-based ecosystem into China.