Most central banks now developing a digital currency – Industry roundup: 24 April
by Graham Buck
Hong Kong help for SMEs; Commerzbank fined €1.45m for AML breaches; Standard Chartered builds on aXess; Citi sells maple bonds
Paying Payroll, Pensions, etc.
Background
The main types of payment to employees are wages and salaries, payment of allowances, and T&E expenses reimbursement. For good employee relations, it is critical make these payments accurately and…
Read more
More corporate defaults lie ahead in 2024, warns Fitch – Industry roundup: 29 December
by Graham Buck
Investment banks "face talent crunch"; UK economy to avoid 2024 recession; Turkey's minimum wage rises 49%; Nigeria's competition watchdog fines BAT
European Central Bank set to keep rates on hold – Industry roundup: 26 October
by Graham Buck
Fed wants to cut card fees; Turkey set for rate hike to 35%; StanChart, Deutsche partner on stablecoin; Pix no Mundo launches in Latin America
China to expand digital yuan testing – Industry roundup: 2 February
by Graham Buck
UK issues plans to regulate crypto; Gmail creator sees ChatGPT ousting Google; Eurozone and UK hike interest rates; Raiffeisen earns more from Russia
China’s declining yuan worries its neighbours – Industry roundup: 6 September
by Graham Buck
Australia hikes rates for a fifth month; Reports predict Italy debt crisis; Ghana reassurance on CBDCs; Abu Dhabi plans bad debt sale
India’s banks: time to privatise? – Industry roundup: 26 July
by Graham Buck
HK pays dearly to defend currency; QR code interoperability for Asian banks; Ripple, FOMO Pay partner; Commerzbank-Deutsche Telekom digital tie-up
Pandemic boosted digital payments, says World Bank – Industry roundup: 30 June
by Graham Buck
China seeks longer yuan trading hours, Diageo, Michelin join Russia exodus, Celent on ISO20022 speed bumps, Tencent joins the metaverse.
Industry roundup: 6 January
by Graham Buck
Increased cyber risk expected; Standard Chartered HK responds to Omicron; DailyPay launches real-time digital wallet; Tradeling partners with MODIFI
Enable your customers to choose where they want to be paid
by Jack Large
BofA advances global B2C payments with Recipient Select which can pay into ‘any’ account
Treasury salaries stifled in the past year
by Ben Poole
Research from the AFP has shown the increase in the base salaries of treasurers in 2020 was lower than previous years.
How to wipe out UK’s £190bn corporate pension fund deficit
by Ben Poole
Research from PwC shows that a new approach to funding and investment could help firms eliminate the defined benefit pension deficit.
SWIFT pilots service for low value cross-border payments
by Ben Poole
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.
Payments Update: Rows and new technologies drive the industry forward
by Jack Large
Payment card rows continue; new technologies and processes are used to fight COVID-19
Industry roundup: 23 April 2020
by Ben Poole
News in brief including CLS, PayFit, SAP, and more.
Flux and Pleo partner on digital expense management
by Ben Poole
The duo say they will provide the UK’s first fully-automated, invisible expensing experience for businesses.
i2c enables Airwallex B2B payments card
by Ben Poole
The i2c platform uses AI to optimise cross-border, multi-currency payments.
TripActions launches corporate travel management and payments solution
by Ben Poole
‘TripActions Liquid’ is backed by Silicon Valley Bank, Goldman Sachs and Comerica Bank.
BofA turns attention to employees of corporate clients
by Ben Poole
Financial Life Benefits, a suite of workplace benefits and solutions, will be available to staff of the bank's US corporate clients.
Get more money and sooner or later in USA Same Day ACH
by Jack Large
NACHA’s same day ACH service is expanding and improving
Don’t leave money on the table in your AP
by Art Sarno , Product Marketing Director, Kofax
Eliminate blind spots in your cash position
Deutsche Bank enables corporate instant payments in Malaysia
by Ben Poole
Deutsche Bank to process payments for corporate clients using Malaysia's DuitNow instant credit clearing system.
ACH payments in USA soaring, particularly same day
by Jack Large
NACHA reports that ACH network moved 23 billion payments and $51 trillion in 2018
OPTIMISE YOUR: card, payroll and cross-border B2B payments
by Jack Large
ACT Cash Management Conference 2019 - ideas from APEXX, CurrencyCloud, and Income Group
ECB goes live with TIPS pan-European instant payments
by Bija Knowles
The European Central Bank has launched the TARGET instant payment settlement system for instant eurozone transactions