Elavon acquires Sage Pay
The acquisition is part of Elavon’s strategy to help its customers become more digital.
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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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.
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