Bottomline Technologies has announced that Cheshire County Council has successfully deployed PayBase, the company’s payments automation platform, to facilitate compliance with the BACS electronic payments standard. A public sector entity, Cheshire County Council’s finance office is responsible for ensuring that the financial affairs of the County Council and Cheshire Pension Fund are properly administered through a variety of functions including collections, borrowing, lending and paying creditors. With UK-based organizations facing a 31 December 2005 deadline for migrating to the new BACS payments standard, BACSTEL-IP, officials at Cheshire County Council selected PayBase. Since deploying PayBase, Cheshire County Council’s payroll department is now able to send multiple BACS payments files in batch, rather than on an individual basis, enabling the Council to add an additional layer of security and efficiency to its payments process. Each year, the Council processes more than 130,000 creditor-related transactions and more than 640,000 transactions relating to salary payments.
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