What large UK businesses need to know about new payment reporting rules
by Kylene Casanova
From 6 April, large companies in the UK will be required to report on their payment terms and practices – including the average time to pay supplier invoices
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 moreUK Immediate Payments still growing at 20%/year even after 8 years
by Kylene Casanova
Fundamental changes in payment behaviour occurring in the UK
APIs are like putting lipstick on pig or a revolution? BUT who standardises chaos?
by Kylene Casanova
Now clear that only way Application Programme Interfaces will become a full revolution in financial services if adopt standards. Will this stop the revolution? Who could develop the standards needed?
US payment systems adopt SWIFT GPI tracking
by Kylene Casanova
Two key US payment systems have introduced end-to-end payments tracking for their participants, using SWIFT's global payments innovation (GPI) service
EBA Clearing adds EBICS connectivity option for instant payment system
by Kylene Casanova
Expands connectivity options so participants can use SIANet or EBICS to connect to the new pan-European real-time payment infrastructure from November 2017 on – other options may follow later
2017 is key year for access to UK payment systems
by Kylene Casanova
2017 could be a key year for access to payment systems in the UK, with up to 10 new providers seeking to gain access to the interbank payment system
PSD2 and jargon explained
by Kylene Casanova
European Payments Council infographic shows why Payment Services Directive (PSD2) was created, the main changes, who is who, possible roles, and the likely calendar. It will change your life
Does growth of multi-channel payment systems providers threaten bank dominance?
by Kylene Casanova
Game changing services from Optal - who are to acquire B2B payments business Invapay - to provide comprehensive B2B payments ‘pay anyone, anywhere' capabilities and Adyen’s omnichannel payments = a threat?
Creative and flexible payment system solutions open up new markets and users
by Kylene Casanova
WORKING CAPITAL FLEXIBILITY = FUTURE OF PAYMENT SYSTEMS: Invapay enable companies to use the delayed payment facility in the payment card schemes + linking to other working capital platforms and FX solutions
Mastercard Periodic Table of Payment Elements shows how all comes together
by Kylene Casanova
Infographic shows how payment devices & interface, payment methods, transaction flow, payment players and security combine in todays payment solutions
As financial services embrace DLT, what are the risks and weakest links?
by Kylene Casanova
While distributed ledger technology promises a securer and more transparent way to pay and transact, any system is only as strong as its weakest link. So what are the risks of DLT networks?
How will Brexit affect UK payments?
by Kylene Casanova
What effects could Brexit have on payments for businesses, payment service providers and consumers? Payments UK addresses some of the practical implications for payments
DLT a ‘game changer’ for payment, clearing and settlement – CPMI report
by Kylene Casanova
This analytical framework on how distributed ledger technology (DLT) can be applied in payments, clearing and settlement identifies some of the main opportunities and risks
Why regulation and codes will fail to achieve prompt payments
by Kylene Casanova
We've had directives, codes, initiatives and trial-by-media, but the practice of paying commercial suppliers late, beyond what are considered to be acceptable payment terms, persists across Europe
EBA questions proposals for IFR and consults on PSD2
by Kylene Casanova
The European Banking Authority has disagreed with proposals for the Interchange Fee Regulation, which would treat payment card schemes and processing entities as legally separate
PSD2: 3 pillars that will change European banking in 2018
by Kylene Casanova
A report by management consultancy firm Roland Berger outlines some of the challenges that the second Payments Service Directive (PSD2) poses to financial institutions
What corporate treasury departments want in making and receiving payments
by Kylene Casanova
Systems that just work, don’t have to think about it; all the complexity is invisible. Is a Global Payments Directive from corporates needed?
As US embraces real-time payments, corporates should rethink cash strategy
by Kylene Casanova
How is the faster payments environment developing in the US and how can the four new market initiatives differentiate themselves in terms of the services they provide to corporates?
Same Day ACH exceeds expectations in volume, safety, adoption
by Kylene Casanova
Same Day ACH, the US's faster payments initiative, is meeting expectations in terms of volume, security and adoption by businesses of all sizes, according to a survey by NACHA
The ultimate payments experience is invisible, but few get anywhere close
by Kylene Casanova
Payment systems update: Payment systems evolution continues with a very few revolutionary developments, some are evolutionary BUT most are catchup
Launch of ‘P20’ heralds closer US-UK payments relationship
by Kylene Casanova
The UK and US governments, together with payments industry leaders, have jointly launched the P20 initiative, which is described as “the first transatlantic payments initiative of its kind”
Six factors driving UK’s payments landscape
by Kylene Casanova
Payments UK has published a report on the Changing Payments Landscape, outlining some of the milestones that have altered how businesses and consumers pay from 2005 to 2025
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
An exciting year ahead for blockchain - particularly in payments
by Kylene Casanova
Last October, Symbiont's Caitlin Long made some predictions for blockchain in 2017. Some of the predictions have already come true, while some might seem outlandish