Corporate Payment Services has added a three-way match option as well as user administrative features to its vPayment e-settlement suite of products. “We continue to invest in vPayment technology because our customers see great value in automating and controlling the payment process,” said Jeffery R. Dye, president of GE Money – Corporate Payment Services. Based on patented technology, vPayment supports virtual accounts that have a higher degree of control and data capture than standard commercial credit card accounts. vPayment caps individual accounts to an exact value and time frame, so suppliers cannot overcharge or re-use accounts at a later date. vPayment automatically captures invoice or purchase order numbers for streamlined reconciliation.
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.