Deutsche Bank integrates SWIFT’s MyStandards into their Autobahn App Market
How to maximise the benefits of MyStandards when onboarding new banks, countries and payment systems
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…
Read moreHow Bitcoin is being used today for real commerce and how it could grow
Coinaa show how to use Bitcoin for international payments today. Plus how the new point of sale terminals opens door to a steady-to-exponential growth in the use of Bitcoin
One SEPA account for whole eurozone: impossible dream realities appearing
Will take many years to achieve due to many local SEPA formats and local practices
Virtual accounts are revolutionising cash management & payments/collections
Future is virtual as virtual banking/virtual payment technology now fully understood and available
This is not a SEPA payment??
Insanity of SEPA one leg-out ACH payments not being allowed
SWIFT announces 2013 rebate of EUR 33 million
Will this at least peg banks’ international payment charges in 2014?
Volante Technologies launches ‘SEPA Accelerator’ tool box for SEPA-compliancy
One-stop-shop conversion suite will enable banks & corporates to meet 1st February deadline
Citi expands Worldlink® Payment Services’s cross-currency capabilities
Now includes 140 currencies, expanded ACH offering, double same day & next day available currencies
Speeding up payments in Asia-Pacific: Deutsche Bank’s Accelerator
Although there has been a move to other currencies in the past 10 years, much of the Asia-Pacific's trade, including intra-regional flows, is still invoiced, and settled in USD. And some are settled in EUR.
‘World Payments Report 2012’: non-cash payments show healthy growth, with largest volume gains in de
The latest World Payments Report from CAPgemini, RBS and EFMA is another tour de force with amazing range and depth of analysis. The key findings are mostly expected:
RMB maturing as cross-border usage broadens according to HSBC survey
The vast majority (77%) of Chinese corporates surveyed expect one-third of all Chinese trade (circa USD 2trn) to be conducted in RMB by 2015 (vs 10% YTD) and 30% plan to use RMB for investment-related purposes in th
Do your FX at point of execution, for all transactions with RBS’s GlobalXChange
RBS has brought together several of their existing FX and payment services into the new GlobalXChange service(GXC) which offers a single account solution for all payables and receivable regardless of currency:
Western Union Business Solutions introduces B2B service in Chile, Cyprus, Jordan
Western Union Business Solutions, a business unit of the Western Union Company, has introduced its business-to-business (B2B) service in three new markets - Chile, Cyprus and Jordan.
DataCash and Alipay to boost cross-border payments in China
DataCash Group Ltd, a MasterCard company, today announced the integration of Alipay, a leading third-party payment platform in China, to its international payment solution.
SunGard and Sentenial identify implementation areas and concerns created by the February 1, 2014 and
The legally-binding SEPA (Single Euro Payments Area) implementation deadline of February 1, 2014 will have a huge impact and will require companies to undertake significant IT changes.
Using Deutsche Bank‘s FX4Cash platform to collect receivables
Deutsche Bank's FX4Cash platform handles Outbound and Inbound payments.
SEPA Progress
The October 2011 European Payments Council newsletter revealed that according to the European Central Bank analysis: