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.
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…
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Volante Technologies offers free SaaS instant payments processing
The vendor says any bank, regardless of size, can offer immediate payment capabilities to their customers.
HSBC announces three measures to support SMEs in Hong Kong
Two of the moves relate to the government's SME loan schemes.
Salesforce joins US Mastercard small business programme
Card giant adds customer relationship management tool to its small business proposition
First ISO 20022 usage guidelines for cross-border payments released
The publication of first specifications marks a milestone in the transformation of correspondent banking.
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
UK uptake of open banking ‘hampered by PSD2’
A report by advisory firm Fingleton Associates finds that progress has been made, but more is needed for open banking to gain traction
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
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
Nets, Giro partner on Hungary instant payments platform
The Nordic payment service provider sets up its instant payments platform in the country with the National Bank of Hungary subsidiary
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
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
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
South Africa to cap maximum cheque value from May 2020
Accelerating the drive to digital payments, the maximum value permitted for a cheque reduces from 500,000 rand to just 50,000
JP Morgan extends cross-border digital payments to China
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
Future of payment clearing in the UK
Clear Bank’s model changes the game
Payments fraud makes heavier impact on UK companies
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests
Bottomline partners with Starling Bank on real time payments
The new 24x7 service will enable banks and corporates to send, receive and track payments in real-time to any UK bank account
Volante Technologies launches SEPA instant payments processing
The new service will be available on Microsoft Azure for two European schemes – EBA Clearing’s RT1 and ECB’s TIPS
Ripple eyes South America expansion with Brazil launch
The real-time payments specialist revealed a key hire made earlier this year as it looks to develop business in the region
Visa’s B2B Connect platform officially launched
The part distributed ledger-based, non-card platform for high-value corporate, cross-border payments has been in development since 2016