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.
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 moreDeutsche 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
SMS Direct Debit – plug-and-play software for SEPA Direct Debit mandate administration
by Kylene Casanova
SEPA Direct Debit mandate administration is a huge problem in moving from the legacy national direct debit schemes. There is a growing number of DD mandate management systems and services
RMB cross-border payments and collections solution in China from HSBC
by Kylene Casanova
HSBC has implemented a renminbi (RMB) cross-border payments and collections solution for a Fortune 500 company in China. It provides a centralised approach to cash management by enabling
SEPA Migration Report: politicians are determined it will happen, but many corporates not started im
by Kylene Casanova
At the Eurofinance Conference in Frankfurt on 18 March senior managers at the ECB and the European Payments Council repeated that the EU is determined that the February 2014 launch date will
e-Invoicing leaders sign interoperability partnership: OB10 and Anachron establish localised interop
by Kylene Casanova
OB10 are pushing hard to provide fully integrated services across Europe. They are setting up interoperability partnerships and adopting the new standards.
To survive SEPA there are ONLY TWO things you MUST have fully operational by 1 February 2014
by Kylene Casanova
These are: account receivables and payables files: make sure all bank codes are converted to up-to-date BICs (Bank Identity Codes) and the bank account numbers are converted to up-to-date
Tips on improving cash flow when liquidity is tight
by Kylene Casanova
Betty Fan, senior consultant at Element Consulting Group in the USA, an advisor of shipping companies and manufacturers, in an article in 'the corporate treasurer', recommends an integrated approach from all busines
RBS launches SEPA Accelerator to help clients easily migrate to SEPA Standards
by Kylene Casanova
The Royal Bank of Scotland (RBS) plc today announced the launch of the RBS SEPA Accelerator; a new solution to help clients quickly and cost-effectively migrate to mandatory SEPA standards.
SEPA: the one thing you HAVE TO fix before 1 February 2014 + other developments
by Kylene Casanova
Payroll payments in the new SEPA Credit Transfer XML formats have to work from 1 February 2014. The rest is detail.
Straight Through Reconciliation is no longer a dream: Optimising the Order-to-Cash Cycle and remitta
by Kylene Casanova
PPG is a major MNC in Europe with 100+ legal entities using Oracle and SAP ERP systems with completely decentralized cash application and collection processes. There were a mixture of
Increasing number of corporate treasurers (and banks) believe the start date for SEPA direct debits
by Kylene Casanova
The graph on SEPA Direct Debits says it all:
AP eInvoicing: Top 5 Differences Latam vs Europe
by Kylene Casanova
Steve Sprague, VP Product Strategy, Invoiceware International, one of the leading e-invoicing networks with 200 global enterprises, in his blog on Finextra described the key difference between Latam and Europe.
Faster Payments revolution is UK is being driven by the SMEs. Finance Director: ‘We’ll never use che
by Kylene Casanova
The astonishing growth in Faster Payments (the online payment service for phone, the Internet and other payments) usage in 2012 - 54% by volume and 163 % by value - shows consumers and businesses just love the servi
Another boost for bill payment by mobiles: NACHA’s Council for Electronic Billing and Payment
by Kylene Casanova
US electronic payments association NACHA's Council for Electronic Billing and Payment (CEBP) has issued final guidelines for the use of Quick Response (QR) - see below - codes in consumer bill payment.
UK Clearings in 2012: a revolution is occurring with astonishing growth in Faster Payments - 54% by
by Kylene Casanova
The UK Payments Council's clearing statistics for 2012 show that a revolution is happening in the UK payments landscape:
Bill paying US consumers use increasing range of payment systems with mobile on increase AND 20%+ ch
by Kylene Casanova
The fifth annual Billing Household Survey, which was carried out by US financial services technology company Fiserv, indicates that:
Another spur for e-invoicing as Tradeshift and Intuit partner to form world’s biggest network
by Kylene Casanova
The formation of the world's largest e-invoicing network by Tradeshift and Intuit will give another boost to the adoption of e-invoicing world-wide. This combined with the emerging new standards could see 2013 as th
How are you going to exploit the 140 characters in SEPA credit transfers and direct debits to change
by Kylene Casanova
Due to the dogged determination of FMS's MD, Gianfranco Tabasso*, in many SEPA committees and steering committees over the last 3-4 years, there is a 140 characters data field in both the SCT and the SDD formats.
2013 will be watershed for e-invoicing as new rules spur adoption
by Kylene Casanova
Nigel Taylor at GXS believes that 2013 is already shaping up to be a watershed year for electronic invoicing (e-invoicing) with new legislation coming into effect in Europe, Latin America and the US.
Ten projects you may have forgotten
by Kylene Casanova
Volatile markets and shifting regulations require a dynamic approach to managing the treasury project queue. Treasury Alliance have put together a list of ten projects that may have slipped your list including SEPA
Germany’s UTA Implements SEPA Direct Debits
by Kylene Casanova
Thomas Wolpert of UTA, a transport services provider operating throughout Europe, describes how their single euro payments area (SEPA) Direct Debit (SDD) implementation programme began in 2010 and is now all ready f