After piloting the program with a number of customers over the past six months, TradeCard has launched its automated Early Payment Program, which is now available to any eligible supplier on the TradeCard system. TradeCard enables funding of suppliers with specific early payment program options that are able to bring the strength of the buyer’s financial credit to the supplier. With the new program, suppliers can get paid as early as two days after the buyer submits an electronic payment approval document. Through the TradeCard Early Payment Program, it is possible to provide the supplier with financing rates that are likely to be better than those offered by financial institutions for traditional early payment programs says TradeCard. This can be achieved because the discount rate for suppliers is based upon the buyer’s credit rather than that of the supplier. The program supported by TradeCard’s partnering financial institutions is available either for a predetermined period or on an invoice-by-invoice basis.
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