Swift hails successful cross-border payments integration with FAST
by Graham Buck
The integration of Swift gpi Instant with Singapore’s domestic instant payment service has accelerated payment times
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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China’s Tencent moves further into supply chain finance
by Graham Buck
The internet-based tech and investment giant promises to lower costs for suppliers after completing its first transaction last month
Mastercard expands real-time payments to gig economy workers
by Graham Buck
The growth of temporary and short-term contracts has seen workers seek quicker access to the next pay cheque than via payroll schemes
Blue Motor Finance, Lloyds partner on instant payment API
by Graham Buck
The partnership will focus on a ‘Faster Payments and Direct Debit API’ for motor traders and dealerships
UK survey shows businesses inactive on late payments
by Graham Buck
One in three firms paid late failed to chase up outstanding invoices, reports Lloyds Bank Commercial Banking
Nestle trials public blockchain for dairy supply chain
by Graham Buck
The Swiss group, which has already experimented with the technology, is aiming for even greater transparency
Australian banks face ‘legacy hangover’ in real-time payments shift
by Graham Buck
An impending problem for the country’s big four and their competitors is identified in a paper issued by the New Payments Platform
EMEA treasurers expect shift to non-bank services
by Graham Buck
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
Netherlands’ slow progress on PSD2 adoption analysed
by Graham Buck
Reports suggest the country is lagging in developing open banking, despite Dutch digital proficiency and openness to new technology
Australia ‘big three’ join IBM on blockchain bank guarantee pilot
by Graham Buck
ANZ, CBA and Westpac plus Westfield shopping centres are trialling Lygon, a digital bank guarantees platform using the technology
Tink: Banks’ poor-quality APIs threaten success of PSD2
by Graham Buck
The Swedish open banking platform claims that none of the production APIs made available meet regulatory requirements on integration
Deutsche Bank completes renminbi transaction ‘first’ for tech firm
by Graham Buck
The bank announced its debut RMB foreign debt centralised management transaction under SAFE rules for Delphi Technologies
Swift sets out the business case for gpi
by Graham Buck
More than two years after its debut the financial messaging service details the benefits of its global payments innovation initiative
US corporates improve working capital performance
by Graham Buck
The working capital efficiency of America’s top 1,000 public companies in 2018 was the best for six years, a study finds
Mastercard and Scandi banks plan real-time payments platform
by Graham Buck
The global payments giant will partner with the bank-owned P27 Nordic Payments Platform on “the world’s most advanced system”
Swift invites blockchain companies to join gpi
by Graham Buck
The announcement comes as BELLIN’s tm5 treasury management system integrates Swift gpi for corporates
South Africa to cap maximum cheque value from May 2020
by Graham Buck
Accelerating the drive to digital payments, the maximum value permitted for a cheque reduces from 500,000 rand to just 50,000
Reinsurers look to adopt straight-through processing
by Graham Buck
STP is the only viable solution to the industry’s ballooning expense ratios, experts have concluded
MoneyGram gets US$50m boost from union with Ripple
by Graham Buck
The money transfer company’s strategic partnership with the blockchain solutions pioneer is initially for a two-year period
JP Morgan extends cross-border digital payments to China
by Graham Buck
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
Future of payment clearing in the UK
by Jack Large
Clear Bank’s model changes the game
Payments fraud makes heavier impact on UK companies
by Graham Buck
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests
Bottomline partners with Starling Bank on real time payments
by Graham Buck
The new 24x7 service will enable banks and corporates to send, receive and track payments in real-time to any UK bank account
Volante Technologies launches SEPA instant payments processing
by Graham Buck
The new service will be available on Microsoft Azure for two European schemes – EBA Clearing’s RT1 and ECB’s TIPS