Business welcomes UK resolve to end late payment crisis
by Bija Knowles
The Spring Statement brought some good news for UK businesses as Chancellor Philip Hammond promised a review on how to stop the problem of late payments
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…
Read moreEPC launches consultation on SCT, SCT Inst and SDD
by Bija Knowles
The European Payments Council has launched a public consultation on possible modifications to four of its payment schemes
Impact of digital currencies on payments, financial stability and monetary policy
by Bija Knowles
What are the implications of digital currencies for the general public or digital currencies just for financial institutions? A BIS report looks at impacts on financial stability and monetary policy
5 leaps forward on horizon for instant payments
by Bija Knowles
Progress towards instant payments gathered pace around the world in 2017, with around four national systems introduced. What can we expect in the rest of 2018 and beyond?
SWIFT announces GPI progress
by Bija Knowles
SWIFT announced today that almost half of SWIFT GPI payments are completed within 30 minutes and almost all are done within 24 hours
2018 forecast for payments and commerce
by Jack Large
40 global leaders share how they expect things to play out in the industry in 2018
The Ripple revolution
by Jack Large
Most confident new player on the block is really upsetting thought processes and assumptions
Payments update and tips for improving efficiency
by Jack Large
Tips for collecting and making payments efficiently and effectively
Bankers really understand payments
by Jack Large
BIS report “Cross-border retail payments” from Committee on Payments and Market Infrastructures shows “quicker, cheaper and more transparent” solutions could be on the way
Payment revolutions: open up opportunities for corporate treasury
by Jack Large
Card companies role changing; Nordic banks harmonised cross-border; Ripple multi-solutions; new normals - subscriptions and faster payments
UK payments in 2017 - the key data
by Jack Large
Faster Payments growing fastest but BACS and CHAPS dominate
USA Payments: 37 days to ACH same day funds availablity and standards initiative
by Jack Large
NACHA is driving many of developments with target on same day funds availability and setting up online community to support standardization of payments
Payments roundup: RMB struggles; Adyen dominance, PayPal bad/goodday; e-wallets
by Jack Large
SWIFT RMB tracker reports; multi-channel platform dominance at expense of PayPal; local currencies; and battle of e-wallets is going global
Happy tenth anniversary SEPA and congratulations!
by Kylene Casanova
EPC infographic shows how far how SEPA has come, but what revolution will match it?
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
Payment roundup: instant payments, virtual cards, mobile payments, biometrics
by Kylene Casanova
World is moving to instant and/or mobile payments as new technologies transform
Carillion - slow payments have devastated suppliers, and SMEs are the worst hit
by Paul Christensen , Co-founder and CEO, Previse
It’s in the interest of large corporates to have their suppliers paid fast, not slow. Buyers and sellers alike want this solved......
10 trends that will drive the future of payments
by Bija Knowles
These 10 trends are based on Accenture’s 2017 North America Consumer Payments Pulse Survey of 1,500 consumers in the United States and Canada
PSD2 and open banking: a shift in mindset and an opportunity
by Bija Knowles
2018 is the year when new regulation ushers in a new era in terms of how we handle and think about data
PSD2: what should we expect on 13 January?
by Bija Knowles
The short answer is 'not much'. While PSD2 could bring changes in the long-term (more competition, collaboration and innovation), in the short-term it's more of a transition than a big bang
How blockchain could change the way we pay
by Bija Knowles
Blockchain technology is set to change the way we pay – both as consumers and as big businesses in complex supply chains – from central bank settlements to easier invoice-financing
10 key trends for payments in 2018
by Bija Knowles
All eyes will be on how PSD2 will change the payments landscape this year – but instant payments, advanced authentication technologies and DLT will also change the way we pay in 2018
Late payment is the silent killer of modern business and it’s getting worse
by Jack Large
Survey shows that 62% of invoices issued by UK SMEs in 2017 (worth over £21b) were paid late
2018 - a bumpy, difficult year: new business models & huge eco-political challenges
by Jack Large
Real-time e-commerce for B2B; subscription payments; multi-channel payments; PSD2 and APIs PLUS managing the impact of eco-political wars and an ever warming planet