Bank payment services future shown by BNY Mellon’s new Global Payments Infrastructure
by Kylene Casanova
Banks partnering to move into multi-channel business transaction solution business
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 moreBAML GTS adds Balance of Payments Declaration Module for efficiency & reduced risk
by Kylene Casanova
Market specific investment solution for China Market
There are several digital currencies and there are going to be more
by Kylene Casanova
How can corporates use them? Should corporates accept them?
This is not a SEPA payment??
by Kylene Casanova
Insanity of SEPA one leg-out ACH payments not being allowed
Opportunities resulting from the strategic alliance between Earthport and BofA Merrill
by Kylene Casanova
Increased network coverage and new proprietary services in development
SWIFT announces 2013 rebate of EUR 33 million
by Kylene Casanova
Will this at least peg banks’ international payment charges in 2014?
Bitcoin - the digital phenomenon that is splitting the financial world
by Kylene Casanova
Serious competitor to traditional money transfers or a vanity project for underemployed tech nerds?
New era in low value cross-border payments opens up & end of correspondent banking?
by Kylene Casanova
Bank of America Merrill Lynch and Earthport sign strategic agreement
Volante Technologies launches ‘SEPA Accelerator’ tool box for SEPA-compliancy
by Kylene Casanova
One-stop-shop conversion suite will enable banks & corporates to meet 1st February deadline
Citi expands Worldlink® Payment Services’s cross-currency capabilities
by Kylene Casanova
Now includes 140 currencies, expanded ACH offering, double same day & next day available currencies
SWIFT Standards Forum’s ISO 20022 adoption mApp
by Kylene Casanova
How the use of ISO 20022 standard is growing world-wide
Guaranteed cross-border USD payments to local ACH in USA
by Kylene Casanova
Deutsche Bank’s Guaranteed US Plus
SWIFT adds daily updates to the SWIFTRef platform, daily updates to BICs and SSIs now available
by Kylene Casanova
SWIFT today added daily updates to its reference data directories to reduce industry costs associated with payment processing. As part of the SWIFTRef data platform, the new service will replace
Earthport extends low-cost cross-border payments infrastructure to India
by Kylene Casanova
Earthport, the global electronic payment services provider, is launching a new payments route into India.
The real reason to use XML 20022 message standards: you only have to re-map once more, then never ag
by Kylene Casanova
Citi's announcement that they are now processing 1 million XML transaction each month is an important illustration of the speed at which XML usage is growing. Cit's million/month is made up of payment messages - a m
ISO 20022 is now the standard: Citi reaches 1 million payment transactions using ISO 20022 XML messa
by Kylene Casanova
Citi Transaction Services has reached a significant milestone of consistently processing more than one million payment transactions per month using the ISO 20022 XML schemas. This validates the increasing adoption o
Dodd-Frank Act, Section 1073 ruling is going to transform the practice of retail cross-border paymen
by Kylene Casanova
Section 1073 requires transparency on all potential fees and taxes, foreign exchange (FX) rates, fund delivery times before payments are initiated, and shifts error liability from the consumer to the institution.
GPIE achieves full B2B payment Straight Through Processing by short cutting the lack of standards an
by Kylene Casanova
The problem with Business-to-Business (B2B) payments is that to achieve full automation and STP there needs to be general ledger (GL) to GL integration plus much more information about the order, invoice and receipt
Speeding up payments in Asia-Pacific: Deutsche Bank’s Accelerator
by Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
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:
Eurofinance Monaco: Local FX trading solutions to improve cross-currency payments efficiency and pri
by Kylene Casanova
Antti Kyyrö, Financial Markets, Nokia Siemens Networks Treasury, in an simple and important presentation described the range of automated solutions they have adopted for local FX conversions.
Barclays extends Pingit to Kenya
by Kylene Casanova
Launched in the UK earlier this year, Pingit is a person-to-person payment service that enables people to send and receive money using mobile phone numbers.