A prediction that cross-border payments are likely to increase in frequency and size highlights five distinct trends that are likely to be part of the process.
Collection factories for collection-on-behalf-of (COBO) represent the next wave of innovation for corporates and their treasury departments. This article explores the benefits of setting up a collections factory, the various challenges and both the similarities and differences from those experienced in establishing payment factories.
Speaking during an interview in the Finetics™ Studio by The Bancorp at Money 20/20 in Las Vegas, The Bancorp’s SVP of payment acceptance, Charles Crawford, talked about the challenges, limitations and unintended consequences of the shift to EMV.
Yves Mersch expects the payments cards industry to face challenges from new technology and the development of new solutions.
Are you familiar with the CAMT053 XML bank statement standard, which can replace formats such as BAI2 or MT940. This article explains why treasury departments should consider the new standard as part of their technology strategy.
Financial services firms have used electronic messaging services to do business for many years. Formats and syntaxes have evolved over time, with messaging now used across the entire value chain of financial transactions.
The European Payments Council has outlined plans for a new pan-European instant credit transfer scheme, which aims to bring real-time money transfers across the SEPA region.
GTNews speaks to Carsten Jaekel, KPMG partner for consulting, finance and treasury management based in Germany about the different aspects of treasury and how the professional services company helps corporates to deal with their treasury accounting and the valuation of financial instruments.
Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralised and optimised processing services for single ... read more