UK businesses appear to be relaxing controls over late payments
by Kylene Casanova
UK data analysis shows late payers are given an extra month to pay
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 moreTradeshift‘s Collaborative Workflow App shows the future of e-billing
by Kylene Casanova
A new way for colleagues to act on, process and collaborate around B2B billing
Bill Collection via mobile: Severn Trent Water first utility to use Barclays Pingit
by Kylene Casanova
Severn Trent Water in the UK is the first utility to offer their non Direct Debit customers the option to pay their bills using Barclays Pingit. The app is free to use
SEPA: only ‘one-stop-shop’ solutions will do now, latest agreement announced
by Kylene Casanova
Royal Bank of Scotland (RBS) has chosen CGI Logica to deliver a 'one-stop-shop' conversion solution for its single euro payments area (SEPA) migration services for corporates.
Get paid via all the mobile network operators‘ accounts in the UK
by Kylene Casanova
The mobile phone operators have long dreamed of having their mobile users pay for goods and services via their mobile phone account. For years just one or two operators in countries offered such a service, but now i
BankersAccuity trumpets IBAN Complete for full SEPA compliance after 1 February 2014
by Kylene Casanova
BankersAccuity, are continuing to refine and expand the capabilities of IBAN Complete, their IBAN payments solution, which incorporates the checking rules needed for IBAN validation and conversion, including rules d
SEPA: technical requirements & practical steps to achieve compliance by February 2014
by Kylene Casanova
To help companies navigate the SEPA regulation, SunGard has outlined key technical requirements and practical steps to becoming compliant. These requirements which revolve around the two
SEPA‘s global impact
by Kylene Casanova
SEPA is affecting payment systems and payments world-wide, particularly in the surrounding countries who have intensive trade relationships with the eurozone who are embracing the new
PWC SEPA survey now shows only 30% of corporates in June expect that they will not be ready for 1 Fe
by Kylene Casanova
In Hans Orga's excellent webinar, 'The SEPA deadline is quickly approaching: Fast track your SEPA migration' on 4 July, Ernes Zelen from PWC's Netherlands office, talked about the PwC survey
MyBank E-mandate pilot (October 2013-February 2014) opens door for creating, modifing and canceling
by Kylene Casanova
MyBank, the new multi-bank Online Banking ePayment (OBeP) system which allows consumers to make purchases using their most trusted financial institutions - their banks, announced today
European Payments Council survey of country specific considerations when initiating cross-border SDD
by Kylene Casanova
In January 2013 the EPC published the results of their survey of the specific migration rules that need to be taken into consideration when initiating cross-border SDD collections.
SEPA: most banks have some form of Plan B for helping the clients who will not be ready BUT don’t ju
by Kylene Casanova
Banks in Europe have to be prepared for some of their corporate clients not being ready for the SEPA end date of 1 February 2014 and will miss the deadline.
European Payments Council: where is the approved SDD e-mandate solution?
by Kylene Casanova
Large corporate direct debit users in Europe, especially those with Business-to-Consumer (B2C) directs debits, are saying they cannot go out to their 1,000's of customers with paper mandates,
Monetising products and services is the new frontier in e-business
by Kylene Casanova
"If only we could monetise that facility, that function, that service", is a cry that is heard in businesses world-wide. Unless you can monetise a product or service AND provide transparency of service and comply wi
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 ....
Uncollectable: 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