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 moreby 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
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
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
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 -
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
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
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
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
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
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
by Kylene Casanova
The Cyprus liquidity crisis showed that the euro crisis is not over by any means.
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
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
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
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
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
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
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.
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
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
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.
by Kylene Casanova
Payroll payments in the new SEPA Credit Transfer XML formats have to work from 1 February 2014. The rest is detail.
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
by Kylene Casanova
The graph on SEPA Direct Debits says it all:
