Global payments and collections in a changing world
by Kylene Casanova
Honeywell show how to bring together the latest technologies and standards for a complete solution
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 moreUSA: nearly 4 million same day ACH payments (~$5 billion) in first month
by Kylene Casanova
Greatest number of Same Day ACH payments were direct deposit via ACH transactions, including uses such as emergency payroll and pension payments, and business-to-business taking 36%. Consumer bill payments 2%
For payments to emerging markets, it’s the n/w of local banks that really counts
by Kylene Casanova
INTL FCStone’s low cost funds delivery service provides certainty of delivery at an agreed price for the developing world countries
Fast payment services double since 2010 and more growth expected
by Kylene Casanova
The BIS Committee on Payments and Market Infrastructures (CPMI) has published a report on the development and importance of fast payments services.
How can DLT actually be used in payments in next 5 years?
by Kylene Casanova
A white paper has identified several areas of UK payments that would benefit from distributed ledger technology.
The world of transaction banking and payments will be transformed over next decade
by Kylene Casanova
BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
Payments overview: changing regulations, technology and players
by Kylene Casanova
This report from Limonetik looks at emerging financial services and discusses new applications, processes, products and business models.
Intensity grows in global payments space but collaboration needed
by Kylene Casanova
More blockchain pilots for global B2B payments have been announced but the R3 consortium calls for collaboration to direct the efforts of a largely fragmented fintech market.
Omni-channel payment platforms add functionality & partners - dominating? Not yet
by Kylene Casanova
Adyen rolls out Global Acquiring in Brazil, Hong Kong and Australia; Bank of America Merrill Lynch access to Modo’s patented COIN® Operated Digital Payments Hub; Tipalti adds OCR technology to service
TMS’s growing role in payment factory solutions and services
by Kylene Casanova
Can corporate treasury departments really put all their group’s payments through their TMS?
Manual AP processes and payment errors are crippling companies
by Kylene Casanova
A survey of US accounting and finance professionals has found that almost half have a payments error rate above 3 per cent for global payables, costing thousands of dollars in payment resolution.
PSD2 survey highlights concerns around reporting and compliance
by Kylene Casanova
More work is needed to iron out concerns regarding the revised Payments Services Directive (PSD2), with several areas of concern highlighted in an EBA survey.
Mobile payments for corporates goes mainstream with usage accelerating
by Kylene Casanova
Mobile is changing the way corporate treasury department operate not just for balance information but also for payments. HSBC has made $100bn in payments authorised by mobile and Citi over $1trn
What opportunities is PSD2 creating for open banking?
by Kylene Casanova
In the run up to the implementation of PSD2, research finds that the regulation is opening up opportunities for banks to provide new corporate services in payments, trade and cash management.
Surge in global payments revenue expected to continue
by Kylene Casanova
A white paper looking at the global e-commerce industry has noted growing bank revenues from the payments business, with mobile and online commerce fuelling this continuing trend.
Speeding up the adoption of immediate payment solutions world-wide
by Kylene Casanova
Immediate payment systems will go global as Vocalink and ACI combine to offer a complete end-to-end immediate payments solution for launching a domestic or regional immediate payments network BUT DON’T RUSH IN
SEPA gave banks opportunity to simplify internal routing practices
by Kylene Casanova
Research highlights how some banks used the transition to SEPA to simplify their internal routing practices. It suggests that other initiatives may present similar opportunities in the future.
How far has the GPII come in 10 months?
by Kylene Casanova
The global payments innovation initiative was launched in December 2015 to address weakness in cross-border payments. What progress has been made since then?
EBA CLEARING - growth in support for pan-European real-time payment platform
by Jack Large
It’s all coming together as close to 80 financial institutions are currently planning to join the Company’s future instant payment service in 2017 or 2018. Will use ISO 20022 standards. Rule book out shortly
World Payments Report 2016 shows key benefits from adopting immediate payments
by Kylene Casanova
Global digital payments growing at 10%/annum as emerging market growth accelerates; huge variations between countries: cards still no. 1; cash in circulation growing; and banks not coping with regulations
How blockchain will be used in financial services
by Kylene Casanova
Research by Finextra and Epam looks at some of the current projects using blockchain to improve cross-border transfers, trade transactions as well as data and customer identity management.
New financial standards for DLT, Internet of Things
by Kylene Casanova
With SIBOS taking place next week in Geneva, here is a look at the current state of international financial messaging standards and their future applications.
Bank of England to build new RTGS system
by Kylene Casanova
The Bank of England plans to comprehensively rebuild its real-time gross settlement (RTGS) technology platform by 2020
Making international payments is more than clearing and settlement, it’s tax too
by Kylene Casanova
Tipalti adds accounts payable tax compliance support for Argentina and Brazil suppliers as well as providing FATCA support