A complete POBO & ROBO payment factory making subsidiaries ‘bank-free’ is possible
by Kylene Casanova
Roche shows how to operate full ‘on-behalf-of’ payment & collection factory, the ultimate solution
International Payments
Background
Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make…
Read moreSwift aims to improve correspondent banking for customers
by Kylene Casanova
An initiative that aims to increase the speed, transparency and predictability of cross-border payments has been announced by the bank-owned consortium Swift.
Digital currencies pose less risk of money laundering
by Kylene Casanova
A report by the UK government has found that digital currencies are at low risk of being used for money laundering or terrorism financing.
Could hybrid settlement model improve real-time payments?
by Kylene Casanova
A hybrid model for real-time retail payment systems could improve the way that payments are settled, according to researchers at Singapore Management University, affiliated with the Swift Institute.
Sage accounting now offer full payment facility = start in bank services decline?
by Kylene Casanova
SME Sage Pay service extended with new payee payment facilities to help companies “transform the way we manage our money”
Online Payments Market Guide 2015 – now online
by Kylene Casanova
The Paypers has launched the latest edition of its Online Payments Market Guide, promising a “comprehensive overview of the online payments ecosystem”.
Volante Technologies VolPay Hub: centralized digital payments orchestration hub
by Kylene Casanova
New hub will enable corporates to cut their implementation and maintenance costs for payment/collection factories and cost-effectively take advantage of all new payment systems
European Parliament votes to adopt PSD2
by Kylene Casanova
The European Parliament has adopted the European Commission's revised Payment Services Directive (PSD2), paving the way for safer and more efficient payments across Europe.
R3’s distributed ledger initiative adds 13 additional bank members
by Kylene Casanova
Banks are commiting to distributed ledger technology to advance state-of-the-art technology in global financial markets. R3 now comprises 22 banks
Tipalti launches first w-8 solution fully integrated with global payment service
by Kylene Casanova
Payments are no longer enough. Need to incorporate tax form compliance within the payment system as the new W-8 Form capability, which meets KPMG review requirements, in Tipalti’s global payment solution shows
Corporate Social Responsibility programmes needed world-wide not just in America
by Kylene Casanova
MicroEdge, a leading provider of software and services for corporate giving, employee volunteering, foundation and grants management services, plans to go international as demand opens up globally
UK gets code of conduct for indirect access to payments system
by Kylene Casanova
The UK payments association has published a voluntary code of conduct covering ‘indirect access’ to UK payment systems for payment service providers (PSPs).
SEPA set to embrace instant and P2P mobile payments in euro
by Kylene Casanova
European Payments Council highlights trends it expects to shape the future of payments in the Single Euro Payments Area (SEPA) and beyond.
Is now the time to move on instant payments for corporates?
by Kylene Casanova
The EPC's July newsletter addresses topics including instant payments for corporates, PSD2, the EU Single Digital Market, e-authorisation and updates on Europe's evolving payments market.
One step closer to pan-European instant payments for corporates
by Kylene Casanova
EBA Clearing, a bank-owned provider of pan-European payment infrastructure, has published requirements for pan-European instant payments for corporates.
Payments Council replaced by Payments UK
by Kylene Casanova
A new trade association representing the British payments industry, Payments UK, is being launched today.
Swift’s best practice guidelines for ISO 20022
by Kylene Casanova
As ISO 20022 adoption grows, Swift publishes guidelines to facilitate a successful implementation.
SWIFT’s Raymaekers: Cryptocurrency Bitcoin - Disruption, challenges/opportunities
by Kylene Casanova
Blockchain’s potential: "banks should look at the technology underlying these cryptocurrencies as a potential generic new way to transfer ownership of value in the longer term."
Usage of Managed Know Your Customer Services grows
by Kylene Casanova
Even major investment firms - Stifel Nicolaus and BlackRock - are signing up for Thomson Reuters Org ID Know Your Customer Managed Service
Good news for corporate treasury as EBA announces payments action?
by Kylene Casanova
The EBA has announced it will be taking action to harmonise payments regulation and banking supervision across the EU
Bottomline’s PT-X cloud based payment platform - secure payments made simple
by Kylene Casanova
Cloud based payment services have become one of the key battlegrounds in the development of corporate payment systems
MyBank pan-European system processed 100+ million EUR of payments in 2015
by Kylene Casanova
Pan-European system linking customer’s online bank accounts with online business’ bank is starting to take off. Remarkably high transaction values: C2B EUR 470, B2B EUR 4,495
SWIFT adds real-time delivery channel for payments and other reference data
by Kylene Casanova
Check your BICs, IBANs, LEIs in real-time as prepare payments instructions in your TMS, ERP accounts payable, etc. to minimise rejections
Tipalti expands global payments coverage to 58 countries
by Kylene Casanova
Global partner payments automation platform also enhances regional currency and payment method support