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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.