COVID-19 and the impact on digital payments
Two new reports consider the effect that the pandemic is having on cash and payments behaviour.
Payments - Receipts
Background
Collecting bills efficiently, on-time and with a minimum of bad debts is essential in any business. Bill collection, unlike collecting payments at the point of sale, involves granting the buyer credit…
Read more
Banking industry puts forward vision for future-driven EU payments market
Three European associations have published their vision for the EU retail payments framework.
Pandemic casts shadow over UK Payment Systems Regulator’s annual plan
The PSR's annual plan and budget were formulated before the COVID-19 crisis.
Comdata solution supports same-day shipper payments for fleets
QuickPay is designed to provide fleet owners with access to capital within 24 hours.
Afinis adds testing capabilities to help payment API standardisation
The Nacha organisation is partnering with XMLdation on the project.
Bectran launches cash application solution
The B2B credit management cloud solution targets accurate matching of customer payments to reduce collections and AR management costs.
UK SMEs optimistic about 2020 growth following a strong performance last quarter
Barclaycard’s inaugural SME Barometer shows SMEs predicting an annual revenue to rise of 6.3% on average this year.
TripActions launches corporate travel management and payments solution
‘TripActions Liquid’ is backed by Silicon Valley Bank, Goldman Sachs and Comerica Bank.
Santander Group agrees to acquire merchant services company Elavon México
The group will provide acquiring and payment services to merchants, enabled by its global merchant platform.
SWIFT to host open API hackathon in Africa
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
Bottomline’s purchase of Experian Payments Gateway provisionally clears CMA
A UK Competition and Markets Authority investigation finds the transaction does not raise competition concerns.
Standard Chartered and Assembly Payments create e-commerce joint venture
The new joint venture will be headquartered in Singapore.
RBC to offer accounts receivable tool
The Interac e-Transfer Bulk Request Money feature lets businesses streamline, expedite and automate the accounts receivable process.
UK SMEs stretched further by late payments
Prompt Payment Code and Duty To Report have helped create awareness but need more bite
Citi platform to simplify cross-border B2B collections
Citi Global Collect embeds FX capabilities in the global invoice presentment and payment process.
Elavon acquires Sage Pay
The acquisition is part of Elavon’s strategy to help its customers become more digital.
GoCardless launches global network for recurring payments
TransferWise will power the FX capability within the network.
Bottomline adds AI-enabled in-product support with Drift
The AI will assist Paymode-X and PTX customers in real-time.
Payment Update: Frictionless e-commerce; Faster Payments still booming; retain cash = must?
New schemes; new partnerships; but remember the customer
The economic realities of the global payments industry
McKinsey’s Global Payments Map 2019 report reveals all
Day 1 - SIBOS 2019 blows bankers minds
Brian Cox with his talk on cosmology and fintechs with their attitudes and speed of innovation
SWIFT publishes paper on the European payments landscape
As financial institutions prepare for new European payments architecture, the paper highlights the milestones for action.
Travelex launches API-enabled B2B platform
Travelex Business includes cash management, cross-border payment and retail currency conversion features.
EBA Clearing begins development of pan-European request to pay infrastructure solution
The delivery of the solution is supported and funded by 26 financial institutions from 11 countries for a go-live in 2020.