Ireland: from 19 September 2014 cheques to e-payments switchover by government
by Kylene Casanova
Government departments, local authorities and state agencies will no longer use cheques in their dealings with businesses
Regular Bill Payments from Businesses
Background
The first requirement in collecting bill payments from businesses is to provide an invoice (often legally required) that gives full and easy to understand information on what the bill is for, so that…
Read moreStraight-Through-Reconciliation: aiming for the ultimate collection factory
by Kylene Casanova
When direct debiting cannot be used in B2B payments, try these approaches
What to consider when tackling the European payments landscape
by Kylene Casanova
BAML survey reveals what US corporates feel are the important features in Europe payments market. Considerations also apply globally
Severn Trent Water: bill collection is part of improving the customer experience
by Kylene Casanova
It’s not just about sending/collecting money, but also information about the money
Warning: Directive on Late Payment in Europe came into force on March 2013
by Kylene Casanova
Informita - little has changed and it will take years to impact balance sheets
UK payment market figures for 2103 reflects general changes in global payment habits
by Kylene Casanova
While rapid growth in Faster Payments continues at 19% per annum
TIS SEPA direct debit management module
by Kylene Casanova
Cloud based payment solutions showing increasing presence corporate payment services
SmartCollect from RBS shows how to use virtual accounts to improve reconciliation
by Kylene Casanova
IATA in Singapore uses SmartCollect for straight-through reconciliation to save time & cut costs
Citi expands Worldlink® Payment Services’s cross-currency capabilities
by Kylene Casanova
Now includes 140 currencies, expanded ACH offering, double same day & next day available currencies
Immediate/Faster Payments solutions rolling out world-wide
by Kylene Casanova
Fundtech estimate that 50-100 countries to implement immediate payments systems in next 10-20 years
SWIFT Standards Forum’s ISO 20022 adoption mApp
by Kylene Casanova
How the use of ISO 20022 standard is growing world-wide
Revolution in UK payments continues: Year on Year: Faster Payments +29%, BACS -1%
by Kylene Casanova
Cheque usage declined by 13% in 12 months to August 2013
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
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
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
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
US ACH payment growth in 2012; fastest growth in online payments
by Kylene Casanova
Total ACH payment volume grew to over 21 billion transactions in 2012, up 4.19 percent over 2011, according to NACHA the Electronic Payments Assocation.
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
The UK Payments Council ‘The way we pay’ report 2013 suggests beginning of end for debit cards
by Kylene Casanova
The Payment Council's report on the way the UK pays always makes interesting reading. Some of the key findings from the report are:
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
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:
GPIE achieves full B2B payment Straight Through Processing by short cutting the lack of standards an
by Kylene Casanova
The problem with Business-to-Business (B2B) payments is that to achieve full automation and STP there needs to be general ledger (GL) to GL integration plus much more information about the order, invoice and receipt
2 billionth Faster Payment made in November 2012. Same day payments become expected in the UK
by Kylene Casanova
The UK's Faster Payments Service was introduced in 2008 with a focus on personal payments and standing orders. The ACH based system, which clears and settles within a couple of hours (and normally much less), proces