American Express acquires ACOM’s digital business payments platform
AmEx move designed to strengthening its accounts payable automation capabilities.
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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First ISO 20022 usage guidelines for cross-border payments released
The publication of first specifications marks a milestone in the transformation of correspondent banking.
Open secures SME business banking partnership with Visa
Indian fintech looks to enhance SME business banking suite with card giant support.
Equals Group agrees ‘global relationship’ with Citigroup
The renamed payment services provider will team up with Citi Commercial Bank to enhance the product offering and heighten efficiencies
UnionBank joins blockchain converts with pilot
In partnership with OCBC Bank in Singapore, the Philippines bank became the first to pilot a blockchain-based remittance
Amex targets US small businesses with new credit card
The American Express Blue Business Cash Card can assist a healthier cash flow and access to more business opportunities says its issuer
More UK companies named and shamed as late payers
BAE Systems, Centrica and Prudential are among 18 businesses deemed as unethical for late payments to suppliers
FIME launches testing tool for open banking APIs
The new solution enables banks and third-party providers to verify APIs against Payment Services Directive (PSD2) standards
Swift hails successful cross-border payments integration with FAST
The integration of Swift gpi Instant with Singapore’s domestic instant payment service has accelerated payment times
China’s Tencent moves further into supply chain finance
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
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
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
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
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
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
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
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
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
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
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
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
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
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
The announcement comes as BELLIN’s tm5 treasury management system integrates Swift gpi for corporates