UK payments, May 2016: annually- cheques down 13%, Faster Payments +15%, ACH +4%
by Kylene Casanova
Decline of paper and cash usage while ACH, Faster Payments, cards (particularly contactless) and even CHAPS growth continues
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 moreAlign Commerce’s multi-rail, blockchain payment service now offers insurance cover
by Kylene Casanova
Additional layer of protection securing client assets to ensure users have confidence in Align’s innovative international small business payments service
Banks and corporates gear up for the new pan-European instant payment system
by Kylene Casanova
EBA Clearing provide preview of system design, functionality and interface specs. How are you going to exploit the new instant payment system available from November 2017?
The future of EU payments: fees, instant payments and evolving infrastructure
by Kylene Casanova
The European Payments Council (EPC) has published its June newsletter, which covers the future of instant payments, the impact of the card interchange fee regulation and payments in the US and Finland.
Inefficient invoice processing can impact whole business model, not just A/R costs
by Kylene Casanova
Keeping processing cost of invoice down is important, but more important is to focus on the impact of your A/R processes on customers, and on the new opportunities opening up world-wide
Future vision of European payments under discussion at #EBAday2016
by Kylene Casanova
EBAday 2016 has kicked off this morning in Milan, bringing together payments professionals from across the EU.
SEPA regulation paving the way for harmonised European cards industry
by Kylene Casanova
The European Payments Council (EPC) has published an infographic about the Cards Standardisation Volume, a key piece of regulation for the EU cards industry.
Key trends that are changing the payments industry
by Kylene Casanova
The Paypers has published a guide to payments, supply chain finance and e-invoicing, outlining the trends, developments and disrupters in that space.
E-invoicing soars, with potential to improve fiscal transparency – survey
by Kylene Casanova
The market for electronic billing and invoicing is set to grow annually by 10-20 per cent, with 2016 volumes reaching around 30 billion invoices globally, according to a recent e-invoicing report.
Banks join forces on ledger to beat trade finance fraud
by Kylene Casanova
Standard Chartered and DBS Group Holdings have announced their collaboration on developing a trade finance invoicing system based on distributed-ledger technology.
SmartStream launches TLM SmartRecs OnDemand for reconciliation
by Kylene Casanova
Innovative reconciliation service for corporates from Smart Stream’s new innovation lab
5 ways treasury can support business in the digital economy
by Kylene Casanova
Research by McKinsey looks at the economic impact of the shift towards the globalisation of big data and what this means for multinational companies.
Q&A on the Sepa Instant Credit Transfer scheme
by Kylene Casanova
The EPC has published questions and answers on some of the main considerations on the Sepa Instant Credit Transfer scheme, which is currently up for public consultation.
Jersey, Guernsey and Isle of Man now part of SEPA
by Kylene Casanova
The islands of Jersey, Guernsey and the Isle of Man, known as the British Crown Dependencies, are part of the geographical scope of the Single Euro Payments Area (SEPA) schemes, as of 1 May 2016.
US bills and payments prepare to go digital
by Kylene Casanova
Just 25% of bills issued in the US are electronic but a leading e-invoicing company has announced investment from five US banks, signalling an industry-wide readiness to embrace e-billing.
eMerchantPay add SEPA Direct Debit service to their e-commerce offering
by Kylene Casanova
New opportunity for reducing your collection costs as Payment Service Provider’s integrate SDD service into their offerings, banks are not the only place to go
SWIFT & Accenture show path to Distributed Ledger Technology in financial services
by Kylene Casanova
New paper analyses the opportunities and challenges of distributed ledger technology in financial services, AND identifies key factors for success
Sepa Instant Credit Transfer explained in infographic
by Kylene Casanova
This infographic from the European Payments council (EPC) gives us some data about the Sepa Instant Credit Transfer 'in a nutshell'.
EBA CLEARING’s STEP2 offering unlimited remittance info service in SCTs now live
by Kylene Casanova
Now possible to bundle a large number of invoices/credit notes into one SCT payment and for easy reconciliation on receipt. Eight STEP2 banks offer the new enhanced extended remittance information service
EPC issues clarification on ‘Change of Creditor’ rules for Sepa Direct Debit
by Kylene Casanova
The European Payments Council has published a paper that clarifies whether a new Sepa Direct Debit mandate is required in case of a change of the creditor or of the creditor reference party.
SAP Ariba partners with PrimeRevenue - will this transform financial supply chain?
by Kylene Casanova
Key players are getting together to iron out the disconnects in the financial supply chain. When two of the biggest players get together, what will happen? Frictionless trade?
EPC to open SEPA scheme rulebook consultation until 4 July
by Kylene Casanova
The European Payments Council (EPC) has announced that consultations on the three existing SEPA scheme rulebooks will be open from 5 April to 4 July 2016.
Collections from SMEs just got easier with Sage Smart Money Movement Solution
by Kylene Casanova
Change your business model by enabling your SME customers to collect money, make payments, and reconcile them through an automated single interface and account
Don’t plan for the death of cash/cheques anytime soon: govt. barriers are going up
by Kylene Casanova
ATMIA welcomes Swedish Central Bank support for access to cash; UK government supports continuing with cheques. Future is bright for the multi-payment system providers