MasterCard International and Burns e-Commerce Solutions have announced a joint product development relationship to introduce a new pan-European business-to-business payment solution, MasterCard e-P3. The solution aims to fully automate the financial and information supply chain for private and public sector organisations and simplify the business-to-business payment process. MasterCard’s existing Corporate Purchasing Card will be integrated with Burns’ Business Exchange Service (beX), enabling buyers and suppliers to automatically link electronic purchase orders, invoices and receipt confirmation with purchasing card transactions. The resulting solution is designed to improve integration of invoice level data into users’ financial and accounting systems. The e-P3 solution leverages MasterCard’s Global Data Repository to deliver complete line-item detail (also known as Level III data) through web-based reporting tools for all transactions – regardless of the supplier, point-of-sale device or acquirer limitations.
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