UK Payments Council is thinking differently about the UK payments infrastructure
by Kylene Casanova
Payments Roadmap – An Initial Report today spells out the Payments Council's revolutionary ....
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 moreUncollectable: Europe’s CFOs are losing billions of euros in bad debt, recent research reveals
by Kylene Casanova
Each year, Europe's 21 million businesses lose €350 billion in bad debt. Unpaid receivables rose from 2.8% last year to a current level of 3%, according to the European Payment Index 2013. Credit management services
Multinational organizations rely on OB10 and Buzón E to comply with changing Mexican e-Invoicing reg
by Kylene Casanova
Twelve months after processing its first electronic invoice in Mexico, the combined services from OB10, the global e-Invoicing network, and Buzón E, a government-accredited e-Invoicing solution provider, are being
UK banks agree to apply same-day ‘retry system’ to plug faster payment processing gap
by Kylene Casanova
The Financial Conduct Authority (FCA) has reached an agreement with seven of the UK's biggest high street banks that will see them use a same day 'retry system' when processing direct debits, standing orders and fut
SEPA: on average the cost of failed transactions will be €50 each
by Kylene Casanova
The European Commission estimates that the cost of a failed transaction will be EUR 50 on average. This does not include the negative impact on customer and supplier relationships, and any impact on employees who ha
Still massive cost savings in moving to e-invoicing: €6.40 per invoice for invoice issuers & €10
by Kylene Casanova
The 2013 'e-invoicing / e-billing 2013' report from Billentis shows that only a small percentage of the bill and invoice volume has been automated:
How to save $20m by preventing duplicate payments and correcting inaccurate billing
by Kylene Casanova
Baystate Health, a Massachusetts-based healthcare system, used ACL's Analytics Exchange (AX), automated continuous auditing technology to streamline their billing service and uncovered $2.5 million in lost revenue,
BNP Paribas sees boost in delinquent repayments and collections performance using FICO® Adeptra® Ris
by Kylene Casanova
FICO, a leading predictive analytics and decision management software company, have announced that BNP Paribas Bank Polska has successfully used FICO® Adeptra® Risk Intervention Manager, part of the FICO® Adeptra® M
SunGard upgrades AvantGard Receivables (GETPAID) system with statistical modelling tool to help prio
by Kylene Casanova
SunGard has released a new version of AvantGard Receivables (GETPAID). The credit and collections solution now offers statistical modelling functionality to help companies prioritise collections. Its
Alstom‘s view as to what is needed to be SEPA compliant and what are the biggest risks to corporates
by Kylene Casanova
José Carlos Cuevas de Miguel, Regional Treasury Europe at Alstom, in his presentation in the 'Fast track to SEPA readiness' session at the recent EBAday in Berlin, listed what he considered is
What to do if you have not started your SEPA project yet, Deutsche Bank’s Wolfgang Stockinger tells
by Kylene Casanova
In the 'Fast Track to SEPA readiness' session at the recent EBAday in Berlin, Wolfgang Stockinger, Global Head of Account Services at Deutsche Bank, in his presentation recommended that if a
Direct payment via ACH is the leading consumer bill payment method in USA
by Kylene Casanova
According to a study of 1,000 billers released today by NACHA – The Electronic Payments Association, Direct Payment via ACH is the leading method consumers use to pay their bills. The study
BAT’s SEPA project shows scope, scale and depth of project required to fully implement SEPA and be f
by Kylene Casanova
Tatiana Nikitina's, (Cash and Banking Analyst at British American Tobacco) stand-out presentation at The Association of Corporate Treasurers Annual Conference, showed, in fascinating detail, what
The rationalisation of ACHs in the eurozone has begun: major German banks to switch domestic payment
by Kylene Casanova
A core group of seven German banks are to use EBA Clearing's pan-European Automated Clearing House Step2 for processing Sepa-compliant domestic payments in euros. Under the plans -
HSBC is first to complete transactions on India’s new NACH payments system
by Kylene Casanova
HSBC Bank is the first bank to complete live customer transactions on India's new National Automated Clearing House (NACH) debit platform. Vodafone India, one of India's telecommunications
Council of the European Union DEMANDS Sepa migration push
by Kylene Casanova
At its latest economic and financial affairs meeting, the Council - made up of minsters from EU member states - reiterated its backing for the Sepa (Single euro payments area) project and the
Invoiceware International extends Latin America e-invoicing network with new version
by Kylene Casanova
US-based e-invoicing services provider Invoiceware International has released a new version of their electronic invoicing service for multinationals needing to comply with the Documentos Tributarios Electrónicos (DT
SEPA: ACT Annual Conference reveals PLAN B needed for companies that will not be ready by 1 February
by Kylene Casanova
More evidence about the cost of not making the SEPA end date of 1 February 2014 emerged during the ACT Annual Conference in Liverpool on 1-3 May: the cost of correcting a non-compliant
The perfect end-to-end billing and payments solution from GlobalCollect and Vindicia? The model for
by Kylene Casanova
GlobalCollect, a leading payment service provider, and Vindicia, a leader in enterprise-class subscription billing, have announced that the two companies have further integrated their platforms. This
NACHA’s Internet Council launches WEB eResources Center to provide ACH network participants with too
by Kylene Casanova
NACHA — The Electronic Payments Association's Internet Council announced the launch of its WEB eResources Center. The WEB eResources Center offers resources and tools to support
Euro problems are not going away any time soon. Try these ‘Lifesaving Steps‘ from BofA Merrill
by Kylene Casanova
The Cyprus liquidity crisis showed that the euro crisis is not over by any means.
Deutsche Bank launches Accounts Receivable Manager for SEPA
by Kylene Casanova
Deutsche Bank announced last week the launch of Accounts Receivable Manager (ARM) for SEPA, a corporate cash management solution designed to help global organisations that manage high
Scary SEPA stories from the 2013 International Payments Summit conference
by Kylene Casanova
Once a year ICBI organises a conference on the payment systems industry in Europe. It is a huge, prestigious event and this year SEPA formed a major part of the timetable. There were many bankers and corporate treas
Bottomline launches new Bank Account Verification Solution to cut costs of customer acquisition and
by Kylene Casanova
Bottomline Technologies launched V-Series on 4 April, its new technology platform for real-time validation and verification of UK bank accounts. V-Series enables organisations to combat the threats