Bank of America announced that it can provide detailed payment information to corporate trading partners through a Web-hosted Internet site. The bank’s new Global Advice™ service is an extension of the bank’s existing payment outsourcing capabilities and gives corporations an effective alternative to deliver both payment and detailed payment advice information to all of their trading partners electronically — regardless of the trading partner’s size or technological sophistication. Corporate-to-corporate payments can include vast amounts of detailed information that are often truncated by today’s electronic payment systems such as the Automated Clearinghouse of Fed wire transfer. Trading partners can now download this information from the Web. The service features pro-active e-mail notification to trading partners of incoming payments information and has the ability to aggregate all payment information for trading partners doing business with multiple Bank of America clients. Future enhancements will include payroll, travel and expense reimbursement information to employees and explanation of benefits information for health care providers receiving payments from health care insurers.
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