EBA CLEARING & SIA sign letter of intent for pan-European instant payments solution
by Kylene Casanova
EBA CLEARING plans to offer a real-time payment service based on EPC scheme specifications to financial institutions by Q4 2017
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 more‘Future of finance 2016 Conference’, Oxford 22-23 March: key ideas & people
by Kylene Casanova
Join practitioners, academics, regulators and policy makers for a provocative two day conference to discuss how technology is set to revolutionise the Financial Services Industry
Why are governments chasing digital currency?
by Kylene Casanova
Digital currencies could soon emerge into the mainstream, with strong interest from the Chinese government, while a Dublin-based start-up is also investing in the technology to deliver e-currency.
‘Retry’ process saves 25 million ‘failed’ payments a year
by Kylene Casanova
Giving bank customers a second chance to clear payments if there aren't sufficient funds in the account the first time, has enabled approximately 25 million payments that would otherwise have failed.
Bank of England announces changes to UK payments system
by Kylene Casanova
Minouche Shafik, the Bank of England's deputy governor for markets and banking, has announced plans to modernise the UK’s sterling settlement infrastructure.
Capgemini’s top 10 payment trends for 2016
by Kylene Casanova
Consulting and technology services firm Capgemini has compiled a list of the top 10 trends that will affect the payments industry in the coming 12 months.
SWIFT’s global payments initiative will really improve your cross-border payments
by Kylene Casanova
45 leading banks sign up to SWIFT’s global payments innovation initiative as they hit back in the competition for cross-border payments business. Revolutionary B2B cross-border payment customer experience by 201
SAP and First Data announce B2B payments network
by Kylene Casanova
SAP and First Data have announced plans to launch a business-to-business (B2B) payments service across Europe and Latin America. The service, called AribaPay, will work on the Ariba Network.
Five ways invoice innovation can cut costs
by Kylene Casanova
It's an imperative for finance departments – particularly those with oversight for accounts payable (AP) – to explore how invoice automation can cut costs and resources.
Bitcoin will definitely grow in 2016 as exchanges and investments expand
by Kylene Casanova
Growth in the last three months in Bitcoin has almost doubled in value and 33 indicators show that this is going to continue in 2016
Banks receive SWIFT rebate but corporates not benefiting
by Kylene Casanova
SWIFT has announced that customers will receive an annual rebate of 10 per cent on their 2015 messaging fees, to be paid in March 2016. The rebate is worth approximately €32 million.
On the fifth day of Christmas my adviser sent me tips on how to:
by Kylene Casanova
Optimise our payments and collections by first accepting that a payment or collection is only part of a business transaction, and .....
Will Bitcoin catch on with corporates?
by Kylene Casanova
Bitcoin may be the largest and most well-known digital currency but how many corporate treasurers seriously consider using it? More than you might imagine.
Swift aims to improve correspondent banking for customers
by Kylene Casanova
An initiative that aims to increase the speed, transparency and predictability of cross-border payments has been announced by the bank-owned consortium Swift.
Making payment factories effective - the vital stages
by Kylene Casanova
Connectivity series #4: Volante Technologies and Corning's Bengt Elvinsson discuss the role of payment factories, key functions and future of payment factories
Digital currencies pose less risk of money laundering
by Kylene Casanova
A report by the UK government has found that digital currencies are at low risk of being used for money laundering or terrorism financing.
Could hybrid settlement model improve real-time payments?
by Kylene Casanova
A hybrid model for real-time retail payment systems could improve the way that payments are settled, according to researchers at Singapore Management University, affiliated with the Swift Institute.
Sage accounting now offer full payment facility = start in bank services decline?
by Kylene Casanova
SME Sage Pay service extended with new payee payment facilities to help companies “transform the way we manage our money”
Online Payments Market Guide 2015 – now online
by Kylene Casanova
The Paypers has launched the latest edition of its Online Payments Market Guide, promising a “comprehensive overview of the online payments ecosystem”.
EPC announces progress on instant SCT in October newsletter
by Kylene Casanova
The European Payments Council's October newsletter includes details including the SCT instant payment scheme, P2P mobile payments and the evolution of existing schemes.
Citi expands Citi Payment Exchange into Canada improving a/c payables efficiency
by Kylene Casanova
Citi® Payment Exchange, its integrated and highly flexible institutional payment-processing solution, extends coverage following successful launch of service in the U.S. in 2012
European Parliament votes to adopt PSD2
by Kylene Casanova
The European Parliament has adopted the European Commission's revised Payment Services Directive (PSD2), paving the way for safer and more efficient payments across Europe.
Fed approval of same-day ACH rules opens door to faster e-payments
by Kylene Casanova
Recent adoption and support for NACHA's same-day ACH rules will change payments in the US, paving the way for faster execution and new products.
Pre-funding settlement model introduced by Faster Payments
by Kylene Casanova
The Faster Payments Scheme Limited (FPSL) has announced a new ‘pre-funding’ settlement system, which guarantees settlement between all payment participants, eliminating any shared risk.