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Small Biz Cash Management Struggles Across The Globe

PYMNTS

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs.

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Volt granted UK EMI licence from FCA

Fintech Finance

Volt , the global real-time payments platform, has secured an Electronic Money Institution (EMI) licence from the United Kingdom’s Financial Conduct Authority (FCA). Volt’s licence will enable it to evolve its cash management product, Connect, from which virtual accounts will now be issued to merchants.

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Swift Standardises Payments End-to-End and Gives Banks Ready-to-Use Tracking Services to Enhance Corporate Experience

Fintech Finance

Currently, corporate payments are complicated by competing standards and proprietary formats, while multi-banked corporates face a fragmented landscape as they interact with a multitude of banking providers with varying features and services. We’re excited to start testing along with our corporate clients.”

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MoneyGram, Brink’s And The (Possible) Cross-Pollination Of X-Border

PYMNTS

and longer term payments initiatives.”. Pertz said later in the call that the goal of the partnership would be “to help MoneyGram and its agent partners realize substantial operating efficiencies by improving their cash management processes.” “Developing this partnership is just one component of our near-term strategic 2.0

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HSBC Debuts Corporate Treasury APIs For Integrated Payments

PYMNTS

In its announcement, HSBC highlighted the enhanced visibility of the progress of a transaction, as well as the ability for treasurers to access key information on account balances and transactions on demand in real time, as benefits that can support treasurers’ need for the ability to make “dynamic cash management decisions.”.

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

That probably won’t come as a surprise to many in the B2B payments space, considering that organizations typically try to float their capital for as long as possible, a cash management tactic that can lead to longer payment terms with small suppliers, and the prevalence of late payments. In the U.K.,

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HSBC Launches APIs, Developer Portal For PSD2

PYMNTS

Reports in the Global Banking & Finance Review said this week that HSBC launched the APIs and developer portal to enable third-party payment companies to deploy their own solutions for business and consumer customers.

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