Direct Debit Limited, the Bacs-approved payments-management software provider, has launched a Faster Payments module for its PayCentre payments platform. Customers can use the module to make Faster Payments via direct corporate access (DCA).
The new module allows businesses to take advantage of Faster Payments, which gives them another option for paying suppliers and employees. The module makes it easy to submit files to the UK’s clearing and settlement mechanism, Vocalink, via Secure-IP, for same day clearing.
Using DCA, businesses with Barclays Corporate sponsorship can make individual payments of up to £100,000 and can submit files up to 11pm. Businesses using the DCA service must have Bacs-approved software, such as Direct Debit Limited’s PayCentre, in place.
“We are very pleased with the considerable interest we are seeing for DCA, especially in light of the new longer payment submission window,” said Marcus Bateman, senior product manager, corporate payments product, cash and trade, Barclays Corporate.
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