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.
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.…
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A working group of payments experts will aim to develop a common set of standards that can be introduced globally.
The new trading engine is supported by the MAS and will go live by the end of this year.
Transactis & Cash Flow Solutions combine; new Santander® Enterprise Payment Link
NACHA reports first ever monthly ACH network volume total greater than 2 billion paymentsvolume increased by more than 10% over 2017
Revolution continues with good and the bad
Digital tools are delivering for corporate treasury as latest from Thomson Reuters, and BofA Merrill show
BofA Merrill partners with fintech to provide new platform for large/complex companies to maximise A/R performance and FX efficiencies
Cheque imaging in UK; are e-wallets the end game? Apple accepts PayPal; Chinese going global
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…..
BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
Important enhancements from Citi, BAML and Reval show to use customer feedback to drive new developments
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
Optimise our payments and collections by first accepting that a payment or collection is only part of a business transaction, and .....
All checks and associated documents scanned remotely are automatically consolidated and processed within the lockbox platform
Mail Matrix® solution tracks every piece of mail, providing clients greater visibility
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
In July 2011, the UK's Payment Council decided to abandon their plan to kill off the cheque.
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
Wells Fargo Company announced today that it had become the first major financial services company to natively support Macs for remote deposit capture.
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.
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 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.