U.S. Bank is first to Europe with Visa Payables Automation for business
by Kylene Casanova
Pay your suppliers via virtual corporate purchasing card functionality and extend your DPO up to 55 days
Paying Suppliers
Background
There are three types of suppliers: high volume trading partners, regular suppliers and one-off/occasional suppliers - see figure. Each type requiring different payment solution. Types of…
Read moreSame day ACH and real-time ACH are definitely coming to the USA
by Kylene Casanova
The 2012 blueprint strategic design strategy, which uses a modular approach combined with Opt-In development, will ensure that this time it happens by 2016/17
Global non-cash payments forecast to grow by nearly ten percent reveals World Payments Report 2014
by Kylene Casanova
Report shows that e- and m-payments are converging and changing the payments playing field, AND that the industry is struggling to meet consumer demand
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
NACHA membership approves new rules to further improve ACH network quality
by Kylene Casanova
New Unauthorised Entry Fees to try and reduce the exceptions and returns in the US ACH network
Ireland: from 19 September 2014 cheques to e-payments switchover by government
by Kylene Casanova
Government departments, local authorities and state agencies will no longer use cheques in their dealings with businesses
Same-Day ACH: Feedback from Network End Users needed
by Kylene Casanova
Give your response and encourage banks/NACHA to develop a US Faster Payments Service
SWIFT launches new reference data directory for financial institutions and corporates
by Kylene Casanova
Bankers World Online upgraded to provide more data coverage, wider breadth and new functionality
BofA Merrill accelerate move to e-payments and e-billing in USA
by Kylene Casanova
Introduces CashPro® BillPay and ePayables solution passes 100k suppliers
How to pay to and collect from the unbanked
by Kylene Casanova
Vodafone is bringing M-Pesa to Eastern Europe, opening up new markets, but is it enough?
Warning: Directive on Late Payment in Europe came into force on March 2013
by Kylene Casanova
Informita - little has changed and it will take years to impact balance sheets
Bank payment services future shown by BNY Mellon’s new Global Payments Infrastructure
by Kylene Casanova
Banks partnering to move into multi-channel business transaction solution business
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
Bitcoin - the digital phenomenon that is splitting the financial world
by Kylene Casanova
Serious competitor to traditional money transfers or a vanity project for underemployed tech nerds?
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
Virtual card usage is going global
by Kylene Casanova
Cut costs and make money in paying suppliers
RBS Americas launches new e-payables service for corporate clients
by Kylene Casanova
RBS Paymode-X helps companies cut costs of traditional payables operations
U.S. Bank’s new SAP® consolidated payables link is another example of SAP’s direct to bank connectiv
by Kylene Casanova
U.S. Bank today announced the availability of their payment application that enables clients to integrate their SAP enterprise resource planning software with U.S. Bank's payment origination
US ACH payment growth in 2012; fastest growth in online payments
by Kylene Casanova
Total ACH payment volume grew to over 21 billion transactions in 2012, up 4.19 percent over 2011, according to NACHA the Electronic Payments Assocation.
Checks are disappearing in the USA: SunGard’s AvantGard PayNetExchange had growth of 384% in Virtual
by Kylene Casanova
SunGard announced today that its virtual card volume through its integrated B2B payments solution AvantGard PayNetExchange in 2012 increased by 384%. AvantGard PayNetExchange allows companies to operate smarter and
The real reason to use XML 20022 message standards: you only have to re-map once more, then never ag
by Kylene Casanova
Citi's announcement that they are now processing 1 million XML transaction each month is an important illustration of the speed at which XML usage is growing. Cit's million/month is made up of payment messages - a m
How to avoid mis-payment and overpayments in the accounts payable department
by Kylene Casanova
Many billions (USD, EUR, RMB) are lost each year in mis-payments and over payments by accounts payable departments world-wide. The large majority of these losses are not fraud; it is the administrative errors. It is
Citi to issue commercial cards in Kuwait
by Kylene Casanova
Citi, through its transaction services unit, is launching a commercial card offering in Kuwait to its local large corporate and multinational clients. With Kuwait added to the list of issuing countries, Citi Commerc
Cambridge Mercantile Group launches Automated Payables Solutions with a card first enrolment program
by Kylene Casanova
Cambridge Mercantile Group, a global payment services' provider with offices world-wide, have launched a new platform, Automated Payables Solutions (APS), which will help corporations move from cheques to electronic