Figures show US has embraced same-day ACH
by Kylene Casanova
Same-day ACH payments in the US saw a 'strong performance' in the first three months of operations, according to NACHA
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 moreUK clearings dominated by BACS (77%) but Faster Payments already over 17% share
by Kylene Casanova
What is future of BACS? As cheque decline continues (-15%) matched by Faster Payments Service growth at +14%/annum. Direct debiting growth and slow decline in BACS credits expected to continue
Payments Update: implementing POBO, payments in new devices, fighting providers
by Kylene Casanova
POBO is not easy; Walmart & Visa end battle over interchange fees; loyalty token platform integrated into payments; stand alone bank accounts and services
USA: nearly 4 million same day ACH payments (~$5 billion) in first month
by Kylene Casanova
Greatest number of Same Day ACH payments were direct deposit via ACH transactions, including uses such as emergency payroll and pension payments, and business-to-business taking 36%. Consumer bill payments 2%
New financial standards for DLT, Internet of Things
by Kylene Casanova
With SIBOS taking place next week in Geneva, here is a look at the current state of international financial messaging standards and their future applications.
Clearing and Settlement Systems from Around the World: A Qualitative Analysis
by Kylene Casanova
Bank of Canada’s analysis shows most countries will have many more options, most will have real-time or near real-time systems: How are you going to use these to improve your payments and collections?
A complete POBO & ROBO payment factory making subsidiaries ‘bank-free’ is possible
by Kylene Casanova
Roche shows how to operate full ‘on-behalf-of’ payment & collection factory, the ultimate solution
Why payroll - and lunch - may soon be paid with bitcoin
by Kylene Casanova
Is bitcoin the future of payroll? As the virtual currency becomes more liquid and gains popularity in consumer payments, this possibility becomes increasingly likely.
Corporate Social Responsibility programmes needed world-wide not just in America
by Kylene Casanova
MicroEdge, a leading provider of software and services for corporate giving, employee volunteering, foundation and grants management services, plans to go international as demand opens up globally
Four priorities for improving payments in the UK
by Kylene Casanova
Payments UK has published its initial report on its World Class Payments project, setting out its vision of the enhancements that would ensure corporates have access to world class payment services.
UK: cash overtaken by ‘non-cash’ payments in 2014 for first time
by Kylene Casanova
Although cash is still king for consumers, forecast is that even this will drop below 50% next year. By 2024 UK Payment Council expect total cash transactions to be half of non-cash
Bottomline’s PT-X cloud based payment platform - secure payments made simple
by Kylene Casanova
Cloud based payment services have become one of the key battlegrounds in the development of corporate payment systems
Payment Systems in UK Feb 2015: Faster Payments +13%, cheques -12%
by Kylene Casanova
Steady decline of paper and the rapid growth in Faster Payments continues
Time for you to comment on revolutionary ubiquitous Same Day ACH in USA
by Kylene Casanova
NACHA seeks industry feedback, by 6 February 2015, on move to ubiquitous Same Day ACH Clearing and Settlement which will transform payment landscape in USA
BofA Merrill introduces Digital Disbursements to replace cheques for remmittances
by Kylene Casanova
New service enables companies to make payments to their customers without cheques by using either a Mobile Phone Number or Email Address as the identifier
Earthport joins Eurogiro Network to provide its global payments service to members
by Kylene Casanova
As a Eurogiro member Earthport will be able to expand its low value clearing services for payments into the accounts of Eurogiro community members
International Money Transfer market for remittances is undergoing a slow revolution
by Kylene Casanova
TransferWise cuts the cost of sending money home but couldn’t employers help to send part of worker’s wages home?
UCB’s innovative solution: a payment factory combined with streamlined banking structure
by Kylene Casanova
Centralised and harmonised solution which allows payments to be made on behalf of group companies
Opportunities resulting from the strategic alliance between Earthport and BofA Merrill
by Kylene Casanova
Increased network coverage and new proprietary services in development
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
Employers in USA: cut your healthcare costs & also provide employee benefits
by Kylene Casanova
Use Wells Fargo Healthcare Savings accounts to achieve double whammy
Barclays mobile App now allows companies to ‘send a payment’ to their customers
by Kylene Casanova
Pingit adds the ability to pay direct to individuals using their mobile phone numbers
SEPA - paying your employees in Europe from February 2014 could be a problem….
by Kylene Casanova
Payroll is becoming a major concern for employers AND there can be no going back
Be careful with Payroll Cards
by Kylene Casanova
Low paid employees don't always like Payroll Cards because they can cost them big time, e.g. in the US costs can be as high as $0.50 for a balance inquiry (which low paid employees tend to use