Using a combination of Barclays DirectCheque and ImagePay, this enables customers issuing large numbers of cheques to outsource the entire cheque issuing and reconciliation process to the bank. Barclays DirectCheque handles the secure storage, printing and mailing of cheques, whilst ImagePay matches the cheques as they are presented through the clearing system against the original electronic DirectCheque file. The matching process is complete by 7 a.m. on the day the cheque is presented to a customer account, enabling fast reconciliation and integration with account payable ledgers. When a match is made, the cheque is paid, but this can be reversed by customers using the on-line, automated stop cheque facility before the cheque is finally paid to the account.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more