Following approval from BACS, the United Kingdom’s automated payment clearing service, Bottomline Technologies has launched its WebSeries bureau functionality and Hardware Security Modules (HSM). HSMs allow businesses to make transmissions to BACS without local smart card authorisation, which is particularly relevant to high-volume payers and collectors, according to Bottomline. High-volume users of BACS include the financial services sector, utilities, and public sector organisations, which, combined, collect over 80 per cent of the 2.4bn direct debit payments made each year in the UK. Bottomline’s WebSeries product has been approved to support four different HSM manufacturers: nCipher, Chrysalis, Eracom and Thales. The release and accreditation of the bureau module extends WebSeries’ use to commercial bureau environments and allows Bottomline to reach businesses that make payments indirectly to BACS through third parties, said the company.
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