NACHA reveals same-day ACH payments will be available in USA by Sept 2016
by Kylene Casanova
Survey shows that payroll and B2B services will be the top offerings initially and also that most banks will offer the same-day services to all clients
Urgent/Instant .Payments
Background
There are times when a local or cross-border payment just needs making today, now. This can be because a payment needs to be cleared and settled at a specific date and time, e.g. for a…
Read moreBeneficiary identification check could cut risk of payment error and fraud - report
by Kylene Casanova
Payments UK's latest report recommends that an additional confirmation of payee identity should be introduced to reduce the risk of payment error and fraud.
Seven steps to prepare for Chaps and Crest extended hours
by Kylene Casanova
The Chaps and Crest settlement systems will have extended operating hours as of 20 June 2016. What does this mean and how will this affect companies?
EBA CLEARING & SIA sign letter of intent for pan-European instant payments solution
by Kylene Casanova
EBA CLEARING plans to offer a real-time payment service based on EPC scheme specifications to financial institutions by Q4 2017
‘Future of finance 2016 Conference’, Oxford 22-23 March: key ideas & people
by Kylene Casanova
Join practitioners, academics, regulators and policy makers for a provocative two day conference to discuss how technology is set to revolutionise the Financial Services Industry
Why are governments chasing digital currency?
by Kylene Casanova
Digital currencies could soon emerge into the mainstream, with strong interest from the Chinese government, while a Dublin-based start-up is also investing in the technology to deliver e-currency.
Bank of England announces changes to UK payments system
by Kylene Casanova
Minouche Shafik, the Bank of England's deputy governor for markets and banking, has announced plans to modernise the UK’s sterling settlement infrastructure.
Capgemini’s top 10 payment trends for 2016
by Kylene Casanova
Consulting and technology services firm Capgemini has compiled a list of the top 10 trends that will affect the payments industry in the coming 12 months.
SAP and First Data announce B2B payments network
by Kylene Casanova
SAP and First Data have announced plans to launch a business-to-business (B2B) payments service across Europe and Latin America. The service, called AribaPay, will work on the Ariba Network.
Banks receive SWIFT rebate but corporates not benefiting
by Kylene Casanova
SWIFT has announced that customers will receive an annual rebate of 10 per cent on their 2015 messaging fees, to be paid in March 2016. The rebate is worth approximately €32 million.
On the fifth day of Christmas my adviser sent me tips on how to:
by Kylene Casanova
Optimise our payments and collections by first accepting that a payment or collection is only part of a business transaction, and .....
A complete POBO & ROBO payment factory making subsidiaries ‘bank-free’ is possible
by Kylene Casanova
Roche shows how to operate full ‘on-behalf-of’ payment & collection factory, the ultimate solution
EPC announces progress on instant SCT in October newsletter
by Kylene Casanova
The European Payments Council's October newsletter includes details including the SCT instant payment scheme, P2P mobile payments and the evolution of existing schemes.
Fed approval of same-day ACH rules opens door to faster e-payments
by Kylene Casanova
Recent adoption and support for NACHA's same-day ACH rules will change payments in the US, paving the way for faster execution and new products.
Pre-funding settlement model introduced by Faster Payments
by Kylene Casanova
The Faster Payments Scheme Limited (FPSL) has announced a new ‘pre-funding’ settlement system, which guarantees settlement between all payment participants, eliminating any shared risk.
UK gets code of conduct for indirect access to payments system
by Kylene Casanova
The UK payments association has published a voluntary code of conduct covering ‘indirect access’ to UK payment systems for payment service providers (PSPs).
Four priorities for improving payments in the UK
by Kylene Casanova
Payments UK has published its initial report on its World Class Payments project, setting out its vision of the enhancements that would ensure corporates have access to world class payment services.
One step closer to pan-European instant payments for corporates
by Kylene Casanova
EBA Clearing, a bank-owned provider of pan-European payment infrastructure, has published requirements for pan-European instant payments for corporates.
B2B directory could breathe life into US e-payments
by Kylene Casanova
How will the Remittance Coalition's project to create an industry business directory make it easier for companies to make electronic payments?
SWIFT’s Raymaekers: Cryptocurrency Bitcoin - Disruption, challenges/opportunities
by Kylene Casanova
Blockchain’s potential: "banks should look at the technology underlying these cryptocurrencies as a potential generic new way to transfer ownership of value in the longer term."
Payments future is ISO 20022, even for real-time payments
by Kylene Casanova
Corporates involvement is ESSENTIAL in the development of the initial variant of ISO 20022 usage guidelines for real-time payments to be available before the summer
UK: cash overtaken by ‘non-cash’ payments in 2014 for first time
by Kylene Casanova
Although cash is still king for consumers, forecast is that even this will drop below 50% next year. By 2024 UK Payment Council expect total cash transactions to be half of non-cash
What’s the future shape of payments in Europe?
by Kylene Casanova
A poll on the EPC website is asking people to vote on what will trigger the next of innovation in the European payments market.
Global Adoption of Real-Time Retail Payments Systems ramping up
by Kylene Casanova
RT-RPS are live in 18 countries, 12 countries are ‘exploring / planning / building’, and an additional block of 17 countries that are ‘exploring’ through a pan-Eurozone initiative. How can you exploit real-time?