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
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 moreJP 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
Mastercard launches Open Banking Solutions suite
The four applications and services, initially focusing on the UK and Poland, aim to support the growth of open banking across Europe.
Stripe adds chargeback protection feature as option
Available to Stripe users in North America and Europe from today, the feature is priced starting at 0.4% per transaction.
Consolidation continues as Global Payments pays $21.5bn for TSYS
The payments technology sector marks its third major acquisition deal since the start of this year.
Facebook plans 2020 launch of cryptocurrency
The social media giant plans to establish a digital payments system in a number of countries in the first quarter of next year.
Fintechs gain favour for B2B payments processing
Around three in four banks are seeking to leverage fintech solutions for payments-related services, reports Bottomline Technologies.
Kyriba links with JP Morgan on real-time payments
The San Diego group is the. first treasury management provider to offer real-time payments in the US to the bank’s corporate customers.
CULedger, R3 partner on blockchain for cross-border payments
The US credit union service organisation is to launch CU Pay, an electronic funds transfer product, early next year.
Swift trials real-time cross border payments via Tips
The network launches a Europe cross-border instant payment test via its gpi service and the TARGET Instant Payments Settlement platform
Moving to ISO 20022 message standard is HUGE
Deutsche Bank’s Ultimate guide to ISO 20022 migration on the impacts of standardising on a new payment message format is a must read
Tips for treasury & payments
Useful ’How to’ tips in Treasury Alliance Group’s “Clearing the Fog - The State of Treasury and Payments Technology” report
Dutch group Volt offers single access point to open banking
The Netherlands-based open banking specialist promises access to more than 4,000 Europe banks via a single API.
Sberbank Croatia picks Token.io to progress open banking
The Russian bank’s Eastern Europe subsidiary is integrating Token OS into its banking infrastructure to achieve PSD2 compliance.
Seventeen UK companies rapped for late payments
Rolls-Royce, Balfour Beatty and Persimmon are among those suspended or removed from the government’s Prompt Payment Code.
Amazon Pay enters India’s P2P payments market
Despite an already crowded market, the online giant believes that the country still lacks an efficient money transfer service.
Stripe’s billing product makes debut in Europe
The US online payments platform provider says that Stripe Billing can help European businesses of all sizes get paid faster.
European fintechs marshal forces on PSD2 issues
The European Third-Party Provider Association is a non-profit body to represent them on Payment Services Directive issues.