Industry roundup: 23 April 2020
by Ben Poole
News in brief including CLS, PayFit, SAP, and more.
Payments - Disbursements
Background
Making payments is the inevitable consequence of making purchases and an essential and integral part of the financial supply chain. A payment is the transfer of value from one party, a person or…
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Industry roundup: 22 April 2020
by Ben Poole
News in brief from Basware, Barclays, The World Bank, and Nacha.
Deutsche Bank begins roll out of corporate instant payments in Thailand
by Ben Poole
PromptPay uses an account number or corporate tax ID to receive incoming payments.
Industry roundup: 17 April 2020
by Ben Poole
News in brief featuring a ranking of the best FX banks, Facebook's Libra applying for a payments licence, and Danone selecting C2FO.
MineralTree expands ERP integrations for AP automation
by Ben Poole
The move simplifies remote work for finance teams.
Banking industry puts forward vision for future-driven EU payments market
by Ben Poole
Three European associations have published their vision for the EU retail payments framework.
COVID-19 crisis highlights need for real-time and new digital payments services
by Ben Poole
ACI Worldwide and Global Data research has analysed real-time payments volumes, growth and dynamics across 30 global markets.
Pelican and Banking Labs to bring AI-based payments and compliance to Canada
by Ben Poole
Banking Labs will market, sell and deploy Pelican solutions to banks and corporates.
Tipalti adds AI to AP
by Ben Poole
Tipalti Pi uses artificial intelligence and machine learning to make payables smarter.
Pandemic casts shadow over UK Payment Systems Regulator’s annual plan
by Ben Poole
The PSR's annual plan and budget were formulated before the COVID-19 crisis.
Comdata solution supports same-day shipper payments for fleets
by Ben Poole
QuickPay is designed to provide fleet owners with access to capital within 24 hours.
BlueSnap upgrades marketplace payment solution
by Ben Poole
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
Afinis adds testing capabilities to help payment API standardisation
by Ben Poole
The Nacha organisation is partnering with XMLdation on the project.
RMB cracks top 5 currency ranking for global payments volume
by Ben Poole
SWIFT's latest RMB Tracker statistics show the continued global growth of the Chinese currency.
i2c enables Airwallex B2B payments card
by Ben Poole
The i2c platform uses AI to optimise cross-border, multi-currency payments.
UnderPinned and Banked speed up contractor payments
by Ben Poole
The pair claim they can slash the time finance departments spend paying contractor invoices by 86%.
DXC Technology and Tradeshift collaborate on accounts payable and procurement processes
by Ben Poole
The two firms aim to deliver touchless procure-to-pay automation and insights.
SWIFT gpi traffic up to US$77 trillion in 2019
by Ben Poole
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
Vroozi and Stratas to automate purchasing and accounts payable in the UK and Ireland
by Ben Poole
The strategic partnership aims to equip mid-market organisations to grow profitably through automation.
TripActions launches corporate travel management and payments solution
by Ben Poole
‘TripActions Liquid’ is backed by Silicon Valley Bank, Goldman Sachs and Comerica Bank.
Commercial cards trump petty cash for UK businesses
by Ben Poole
HSBC data finds UK businesses increasingly opting for commercial cards for their day to day spending and expenses.
SWIFT to host open API hackathon in Africa
by Ben Poole
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
Bottomline’s purchase of Experian Payments Gateway provisionally clears CMA
by Ben Poole
A UK Competition and Markets Authority investigation finds the transaction does not raise competition concerns.
The changing art of procurement negotiation
by Ben Poole
Data reigns supreme as new generation modernises the approach to supplier talks.