Fortis Bank announced that it has become the first bank in Hong Kong to participate in the Visa Commerce Open Account (VCOA) pilot programme, and the first in the world to partner with VCHEQ to launch FortisConnect. Visa International’s VCOA is a major new B2B ePayment product for global commercial transactions, which facilitates e-payment between financial institutions, businesses and portals seamlessly and securely in the e-commerce/m-commerce space. FortisConnect is a B2B payment channel that web-enables the Bank’s existing payment methods. With FortisConnect, B2B payments such as telegraphic transfers, demand drafts and cashier’s orders, can be completed on the web. Through FortisConnect, Fortis Bank customers can recall payment details easily from their registered invoices. A payment date can also be pre-set to avoid the hassle of late payment. The scope of services available will be broadened to other trade-related services, phase by phase.
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