R3’s distributed ledger initiative adds 13 additional bank members
by Kylene Casanova
Banks are commiting to distributed ledger technology to advance state-of-the-art technology in global financial markets. R3 now comprises 22 banks
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 moreCompanies must wake up to risk of third party non-compliance
by Kylene Casanova
Auditing third parties for compliance is the number one anti-bribery and corruption challenge for corporates, according to the Global Anti-Bribery and Corruption Survey 2015, by KPMG.
Tipalti launches first w-8 solution fully integrated with global payment service
by Kylene Casanova
Payments are no longer enough. Need to incorporate tax form compliance within the payment system as the new W-8 Form capability, which meets KPMG review requirements, in Tipalti’s global payment solution shows
Why payroll - and lunch - may soon be paid with bitcoin
by Kylene Casanova
Is bitcoin the future of payroll? As the virtual currency becomes more liquid and gains popularity in consumer payments, this possibility becomes increasingly likely.
Corporate Social Responsibility programmes needed world-wide not just in America
by Kylene Casanova
MicroEdge, a leading provider of software and services for corporate giving, employee volunteering, foundation and grants management services, plans to go international as demand opens up globally
UK gets code of conduct for indirect access to payments system
by Kylene Casanova
The UK payments association has published a voluntary code of conduct covering ‘indirect access’ to UK payment systems for payment service providers (PSPs).
Four priorities for improving payments in the UK
by Kylene Casanova
Payments UK has published its initial report on its World Class Payments project, setting out its vision of the enhancements that would ensure corporates have access to world class payment services.
‘The Future of Payments’ - How payments in the UK will evolve in the coming years
by Kylene Casanova
Consult Hyperion report highlights importance of mobile payments and contactless, how Bitcoin will NOT have a significant role in the UK, AND how extra information/payment is vital
SEPA set to embrace instant and P2P mobile payments in euro
by Kylene Casanova
European Payments Council highlights trends it expects to shape the future of payments in the Single Euro Payments Area (SEPA) and beyond.
Is now the time to move on instant payments for corporates?
by Kylene Casanova
The EPC's July newsletter addresses topics including instant payments for corporates, PSD2, the EU Single Digital Market, e-authorisation and updates on Europe's evolving payments market.
CHAPS to extend operating hours from summer 2016
by Kylene Casanova
The UK's same-day, high-value payment system has announced it will extend operating hours to 18:00 from summer 2016, with an exact date to be announced later this year.
How SMEs can get their bills paid on time
by Kylene Casanova
Informita’s Brian Shanahan lists the key questions to ask whenever you have a new client
One step closer to pan-European instant payments for corporates
by Kylene Casanova
EBA Clearing, a bank-owned provider of pan-European payment infrastructure, has published requirements for pan-European instant payments for corporates.
Payments Council replaced by Payments UK
by Kylene Casanova
A new trade association representing the British payments industry, Payments UK, is being launched today.
B2B directory could breathe life into US e-payments
by Kylene Casanova
How will the Remittance Coalition's project to create an industry business directory make it easier for companies to make electronic payments?
Swift’s best practice guidelines for ISO 20022
by Kylene Casanova
As ISO 20022 adoption grows, Swift publishes guidelines to facilitate a successful implementation.
SWIFT’s Raymaekers: Cryptocurrency Bitcoin - Disruption, challenges/opportunities
by Kylene Casanova
Blockchain’s potential: "banks should look at the technology underlying these cryptocurrencies as a potential generic new way to transfer ownership of value in the longer term."
The unthinkable: currencies with a social purpose, NOT for financial gain
by Kylene Casanova
NEF report shows that Community Currencies - alternative means of exchanging time and goods are achieving social, environmental and economic impact
Good news for corporate treasury as EBA announces payments action?
by Kylene Casanova
The EBA has announced it will be taking action to harmonise payments regulation and banking supervision across the EU
Payments future is ISO 20022, even for real-time payments
by Kylene Casanova
Corporates involvement is ESSENTIAL in the development of the initial variant of ISO 20022 usage guidelines for real-time payments to be available before the summer
UK: cash overtaken by ‘non-cash’ payments in 2014 for first time
by Kylene Casanova
Although cash is still king for consumers, forecast is that even this will drop below 50% next year. By 2024 UK Payment Council expect total cash transactions to be half of non-cash
Bottomline’s PT-X cloud based payment platform - secure payments made simple
by Kylene Casanova
Cloud based payment services have become one of the key battlegrounds in the development of corporate payment systems
What’s the future shape of payments in Europe?
by Kylene Casanova
A poll on the EPC website is asking people to vote on what will trigger the next of innovation in the European payments market.
MyBank pan-European system processed 100+ million EUR of payments in 2015
by Kylene Casanova
Pan-European system linking customer’s online bank accounts with online business’ bank is starting to take off. Remarkably high transaction values: C2B EUR 470, B2B EUR 4,495