Payments: SWIFT gpi, TARGET 2, RT1, UK stats, DB white paper
by Jack Large
SWIFT gpi tracker for all; TARGET 2 migration; EBA Clearings RT1; UK Faster Payments growth; Deutsche Bank neat payment jigsaw puzzle
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 moreStandard Chartered and Santander extend GPI rollout
by Kylene Casanova
Two European banks have extended their offering of SWIFT Global Payments Innovation (GPI) services
Payment challenges for corporate treasurers
by Bija Knowles
Two payments experts discuss the challenges for corporate treasurers and the new technologies that will change the payments game
Huge growth in Same Day ACH drives payments traffic in US
by Bija Knowles
The US's ACH payments see highest growth rate since 2008, as businesses and consumers embrace Same Day transactions
Making commercial prepaid cards even more useful
by Jack Large
BofA Merrill launches mobile app for commercial prepaid card which makes cardholders’ lives easier through convenient, transparent app
Payment systems - think different
by Jack Large
Deeply understand the transaction process, then its just commonsense to think differently
Payment update: real-time payroll; SWIFT gpi in China
by Jack Large
Payroll processing improves; 86% of cross-border payment traffic conducted by Chinese banks will use SWIFT gpi
Two UK payment systems consolidated under New PSO
by Bija Knowles
The operational responsibility for two of the UK's payment systems, Bacs and Faster Payments, has been transferred to the New Payment System Operator
ACH payments are now part of USA’s way of doing business
by Jack Large
NACHA 2017 figures show billions of B2B, direct deposits and Internet payments, and 478% growth in same day transactions
The cost of managing a global payments programme in-house
by Bija Knowles
What does implementing a payments compliance programme actually involve? An infographic by Hyperwallet sets out some of the considerations companies will need to manage
Navigating tax compliance’s complex transition to digital
by Bija Knowles
If your tax colleagues seem stressed, spare a thought, as they are “under pressure like never before”, according to the 2018 European Tax Technology Survey by Thomson Reuters
UK payments in 2017 - the key data
by Jack Large
Faster Payments growing fastest but BACS and CHAPS dominate
Late payment is bad for business – yet 27% of UK invoices paid late
by Bija Knowles
Keeping suppliers waiting beyond the payment terms for invoice payment makes no economic sense and is damaging the supply chain – yet 27 per cent of invoices are paid late in the UK
Citi’s Worldlink® Payment Services expand cross-currency ACH to 60 countries
by Jack Large
2018 expansion will extend ACH service to 69 countries
Same Day ACH payments up 140% in US
by Bija Knowles
The volume of Same Day ACH payments more than doubled over the past two months to 10 million in October 2017, compared to a transaction volume of 4.1 million in August
Non-cash transactions continue record global growth but cash still dominates
by Jack Large
World Payments Report 2017 from Capgemini and BNP Paribas reveals non-cash will grow at 20%/year in emerging markets
What do ACHs do? The PSD2 corporate opportunity
by Jack Large
USA’s NACHA presents strategic direction statements for their ACH network and reveal payment rails opportunity
It’s still tough for women in the financial world
by Kylene Casanova
Just 13 per cent of the biggest US companies have female CFOs and women in the financial sector tend to have worse pay and harsher disciplinary conditions
Strange, but true: Checks/Cheques still matter everywhere
by Kylene Casanova
Declining in importance yes, but still vital
Wrong payments data could stunt your business’s growth
by Kylene Casanova
Your company's future growth depends to a large extent on how efficiently payments are processed – yet one in five companies have more than 10% of payments rejected due to incomplete data
3 UK payment systems operators to be consolidated by end of 2017
by Kylene Casanova
Bacs, FPS and C&CCC to be consolidated by end of the year, expected benefits include enhanced capability and capacity and creation of Image Clearing System for cheques
SwapsTech ZillPAY™ : Mother of All Payments™ for global domination….?
by Kylene Casanova
New fintech technologies enable SwapsTech to show how to replace bank accounts and use other technologies to dramatically improve payment systems
2017 is key year for access to UK payment systems
by Kylene Casanova
2017 could be a key year for access to payment systems in the UK, with up to 10 new providers seeking to gain access to the interbank payment system
As US embraces real-time payments, corporates should rethink cash strategy
by Kylene Casanova
How is the faster payments environment developing in the US and how can the four new market initiatives differentiate themselves in terms of the services they provide to corporates?