A new report by Carbon Footprint Limited has found that the carbon emissions generated by an ongoing direct debit are around 65 times smaller than that of a regular cheque payment – demonstrating that automated payments are a greener, as well as a convenient, way for corporates to make payments. According to the figures in the report, the carbon footprint of an ongoing direct debit commitment is 0.76g CO2 per process, compared to cheques, which it was found generate carbon emissions of 49.28g CO2 each time they are used. The analysis, undertaken in conjunction with Bacs Payment Schemes (Bacs), showed a comparison that looked at the overall impact of each payment method over the course of a year. Assuming that each payment method was used once a month, for a year, Carbon Footprint Limited concluded that 12 cheques would generate 591.36g CO2 per annum, including set-up. In comparison, paper direct debits would create 73.36g CO2 (eight times smaller) and paperless direct debit transactions would generate an even smaller 35.51g CO2 (16 times smaller).
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