APACS, the UK payments association, has issued new materials to help customers wishing to benefit from the new Faster Payments Service (FPS), which begins rollout today. APACS has produced a downloadable advice guide, ‘How to use the Faster Payments Service’, along with an online easy-to-use sort code checker www.canipayfaster.co.uk, so that customers can input any UK sort code to check whether it is able to receive Faster Payments. Paul Smee, APACS’ chief executive, said: “The final part of this enormously complex project has been to test the new system in a live environment. Last week hundreds of penny payments have successfully been made between the participating banks. Although the initial rollout will be gradual, and some customers may not be using the new service immediately, we expect that in the coming months this will ramp up to enable large numbers of customers to benefit from it.”
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