Italian online travel group Alpitour, UniCredit and MyBank said that Alpitour is taking MyBank on its website, enabling more than three million Alpitour World customers to use MyBank in paying for their holidays. Payment is made via the customers’ bank account, via their own online or mobile banking platform.
“MyBank is the ideal way to pay online for holidays. It is fast and simple and solves all the problems related to spending limits and fraud,” said Enrico Rao, head of treasury and finance, Alpitour Group.
“MyBank allows our customer to buy from their home easily and safely via credit transfer, knowing that they will still have the full spending capacity on their credit card for their holiday. We expect a great future for MyBank and look forward to more major banks joining across Europe, which will allow us to sell our products to travellers from outside Italy.”
MyBank’s solution for initiating single euro payment area (SEPA) credit transfers (SCTs) went live in March 2013. The majority of participant banks are located in Italy with other MyBank participants being located in France and Luxembourg.
The roll-out phase of the solution is ongoing with more payment service providers making the solution available to businesses and public administrations. The online MyBank mandate solution for SEPA direct debits (SDDs) is scheduled to go live later this year.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.