Swift group to develop ISO 20022 guidelines for cross-border payments
A working group of payments experts will aim to develop a common set of standards that can be introduced globally.
Lockbox Bill Collection
Background
Lockboxes were first developed in North America to accelerate cheque collection. Banks set up lockboxes in each of the major postal regions in the US to minimise the 'in-the-post' float time.…
Read moreCiti extends FX pricing and trading engine to Singapore
The new trading engine is supported by the MAS and will go live by the end of this year.
New platforms to help businesses simplify/digitize payment processing
Transactis & Cash Flow Solutions combine; new Santander® Enterprise Payment Link
US is rapidly going ACH, but checks still surviving
NACHA reports first ever monthly ACH network volume total greater than 2 billion paymentsvolume increased by more than 10% over 2017
Payments: New card technologies & cards; Open Payment Platform; UK Faster Payments; Card charges row
Revolution continues with good and the bad
“Automatically updates as changes occur across the globe” = peace of mind?
Digital tools are delivering for corporate treasury as latest from Thomson Reuters, and BofA Merrill show
Use Artificial Intelligence to improve your accounts receivables performance
BofA Merrill partners with fintech to provide new platform for large/complex companies to maximise A/R performance and FX efficiencies
Payment systems evolution keeps on coming
Cheque imaging in UK; are e-wallets the end game? Apple accepts PayPal; Chinese going global
2016 Review - June
Total working capital management; Plug and play connection to Ripple’s real-time settlement cross border payments; Britain files for divorce from EU; How to avoid using SWIFT altogether and/or in with…..
The world of transaction banking and payments will be transformed over next decade
BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
Enhancing cash and liquidity management solutions is the name of game
Important enhancements from Citi, BAML and Reval show to use customer feedback to drive new developments
NACHA reveals same-day ACH payments will be available in USA by Sept 2016
Survey shows that payroll and B2B services will be the top offerings initially and also that most banks will offer the same-day services to all clients
On the fifth day of Christmas my adviser sent me tips on how to:
Optimise our payments and collections by first accepting that a payment or collection is only part of a business transaction, and .....
TransCentra enhances remote lockbox offering with multi-document scanning
All checks and associated documents scanned remotely are automatically consolidated and processed within the lockbox platform
TransCentra & OPEX enhance lockbox processing with mail accountability solution
Mail Matrix® solution tracks every piece of mail, providing clients greater visibility
In UK paying late is still a problem. British Chamber of Commerce: set up payment kitemark scheme
Today, the British Chambers of Commerce (BCC) released the results of a survey of more than 5,000 businesses, which found that 94% of firms have been paid late, with one in four reporting over 40% of their payments
Cheques in decline for ever, but will they never actually disappear?
In July 2011, the UK's Payment Council decided to abandon their plan to kill off the cheque.
Bank of America Merrill Lynch launch proprietary Canadian Lockbox service and now delivers comprehen
Bank of America Merrill Lynch today announced a proprietary lockbox service in Canada. Companies receiving payments in Canada can now utilize lockbox processing that is consistent with the same service BofA Merrill
Business users of Apple MACs in the USA can now make remote deposit
Wells Fargo Company announced today that it had become the first major financial services company to natively support Macs for remote deposit capture.
J.P. Morgan Treasury Services launches its mobile application Image Deposit Direct® Mobile enabling
The Image Deposit Direct® Mobile (IDD Mobile) service enables U.S.-based companies to make check deposits using any Apple iPhone® device, eliminating the need to visit a bank branch.
Yet another Mobile Deposit Service
RDM Corporation, a developer of specialized software and hardware products for electronic payment processing, now offer Android support in their Simply Deposit Mobile® service.
U.S. Bank invests in new national wholesale lockbox system
U.S. Bank launched an enhanced national wholesale lockbox technology platform, in May 2011, that will be rolled out at multiple sites within the bank's footprint this year.