PNC Bank Treasury Management announced that 395 lockbox accounts for 198 clients have implemented its cutting-edge technology — called A/R Advantage — since it first became operational in January, 2001. PNC’s A/R Advantage combines the technology of digital images of all lockbox payments and remittance documents with all electronic payment information, accessible in one file via the Internet. PNC’s A/R Advantage clients include Campbell Soup, General Electric, General Electric CapitalCorporation (GECC), IKON Office Solutions and New Jersey Hospital Association. While a traditional bank lockbox accepts only checks as an input medium, PNC’s A/R Advantage also includes credit card payments and electronic forms of payment such as electronic data interchange (EDI), Automated Clearing House (ACH) transactions and wire transfers. Combined information about paper and electronic payments is delivered to the client in a single, streamlined report.
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