Contactless card usage and functionality is growing in UK, but very, very slowly
by Kylene Casanova
Today, upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15.
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Europe card fraud peaked in 2008. Now landscape is changing with migration to Germany & France f
by Kylene Casanova
FICO, the analytics company, have found that technology is changing the fraud landscape in Europe. Card fraud has migrated from UK to other countries, notably France and Germany, over the last few years.
When the funds are really trapped, use a local currency money market fund
by Kylene Casanova
In the long run, most trapped cash can be 'released', but there may be many months or years when it cannot. Obtaining any return on these funds can be difficult.
Citi Launches Renminbi Cash and Trade Solutions in the UK
by Kylene Casanova
EMEA is the second largest trade partner with China, and the European market has been quick to adopt RMB denominated transactions. (According to the SWIFT RMB Tracker, Europe currently represents 47% of RMB global p
Moving to receivables based netting and achieve Nirvana? Well at least lots of savings
by Kylene Casanova
Coprocess, a provider of Multi-lateral Netting products, are now finding that 50% of their clients run receivables based netting. (It used to be less than 30% only a few years ago.)
In Asia-Pacific cash and treasury management improvements keep on coming
by Kylene Casanova
In the Asia-Pacific region improvements in infrastructure, bank and payment services just keep on coming. Three latest examples are:
PayPal comes to UK high street using in-store payments on mobile phones
by Kylene Casanova
PayPal has signed deals with four major UK high street retailers to enable PayPal account holders
Citi launches enhanced liquidity and portfolio analytics capabilities for funds of hedge funds clien
by Kylene Casanova
New York: Citi has expanded its global capabilities for administration and custody services to assist fund managers in establishing a more efficient, informed and effective investment process.
Reval’s Integrated Treasury and Risk Management System for the Enterprise is making progress
by Kylene Casanova
Reval acquired the German treasury management system company ecofinance in early 2011. Since then they have been hard at work integrating econfinance's cash management system with their Software-as-a-Service (SaaS)
BofA Merrill completes suite of payment options for ePayables with launch of Exact Auth Override
by Kylene Casanova
The Exact Authority Overrride (EAO) facility, which enables companies to authorise card payments for a specific amount, is the final piece in the ePayables Suite from BofA Merrill.
Automated Bank Payment Obligation Transactions are starting: Standard Chartered facilitates the firs
by Kylene Casanova
Standard Chartered Bank today announced that it had facilitated the first end-to-end automated trade finance transaction with the Bank Payment Obligation (BPO) through its Straight2Bank platform.
Business users of Apple MACs in the USA can now make remote deposit
by Kylene Casanova
Wells Fargo Company announced today that it had become the first major financial services company to natively support Macs for remote deposit capture.
HSBCnet Mobile service has been used to authorise USD 1.7bn of payments in first 25 weeks since laun
by Kylene Casanova
The HSBCnet Mobile service has one the largest coverage of any bank mobile service - in 65 countries world-wide. In the first 25 weeks since its launch, it was used to authorise USD 1.7bn of payments. Altho
FINCAD enhances Hedge Accounting Insight to provide greater visibility for informed investment decis
by Kylene Casanova
Hedge Accounting Insight, FINCAD's web-based hedge accounting solution, now offers increased coverage and enhanced cash flow and liquidity managements.
SAP to buy Ariba for $4.3bn
by Kylene Casanova
SAP has agreed to acquire Ariba, a leader in collaborative commerce applications, for $4.3bn as the German enterprise software company expands its cloud offerings. The deal will be probably be completed by the end o
Standard Chartered reaches landmark RMB 1 billion of euro Commercial Paper issuance out of London
by Kylene Casanova
Standard Chartered today announced in Singapore that it has passed RMB 1 billion in outstanding Euro Commercial Paper (ECP) issuance, positioning the Bank as the largest issuer of RMB ECP out of London
Seemingly innocent payments to countries who are ‘state sponsors of terrorism’
by Kylene Casanova
The Securities and Exchange Commission (SEC) in the US has been investigating pharmaceutical companies and other businesses' who had been sending funds to their foreign offices located in Cuba, Iran, Sudan and Syria
US regional banks start to offer streamlined payment system for transactions executed in Renminbi
by Kylene Casanova
The Renminbi is truly becoming an international currency, even US regional banks are starting to offer Renminbi services.
Optimising overall banking arrangements requires much more than in-depth analysis of bank fees
by Kylene Casanova
Since 2007, Bankhawk Analytics have been helping companies and government departments in Ireland and the UK to cut their banking costs and to optimise their banking arrangements.
Barclays enhances Pingit for paying and collecting bills using mobile phone
by Kylene Casanova
Barclays Pingit smart phone application for consumers to transfer cash between bank accounts simply by using phone numbers, see Figure, is now available to corporate clients to make and receive payments.
Wells Fargo add mobile to their TradeXchange trade finance service
by Kylene Casanova
Wells Fargo has added mobile to their TradeXchange online tool for preparing, receiving, and managing your letters of credit, documentary collections, and open account transactions.
SafetyPay adds cash payment option for eCommerce worldwide
by Kylene Casanova
SafetyPay, a US-based on-line payment systems developer, has added a global cash payment option.
MyTreasury Investment instrument and market coverage is growing
by Kylene Casanova
MyTreasury, ICAP's investment portal, instrument and market coverage is growing. The instruments now covered by MyTreasury are:
FXSpotStream launches Spot FX Aggregation Service with Six Banks
by Kylene Casanova
FXSpotStream launched their FX aggregation service in the US with six-member banks: Bank of America Merrill Lynch, Citigroup Inc (C), Commerzbank AG (CRZBY), Goldman Sachs Group Inc (GS), HSBC Holdings PLC (HBC) and