Fintech Finance

SEPTEMBER 18, 2024

Areas of collaboration include optimizing interchange costs through data field enhancements, evaluating payment data to improve performance, and improving reconciliation and cash management with Slope’s warehouse lending facilities. The partnership has already proved successful.

B2B 98

B2B Reconciliation Payments Risk Assessment 98

The Fintech Times

AUGUST 24, 2024

For a long time, the retail and hospitality sectors have faced the ‘last mile’ data problem in cash credit card payment reconciliation. Some merchants struggled with balancing cash and credit card payments against their point-of-sale platform.

Payment Reconciliation 59

Payment Reconciliation Reconciliation Cash Management Credit Cards 59

Fintech News

JANUARY 30, 2024

One of the key functions of AI in this domain is its ability to match incoming payments with outstanding invoices, thereby automating payment reconciliation and significantly reducing manual efforts. AI-powered processes have streamlined labour-intensive tasks, minimised errors, and sped up transactions.

Payments Trends 107

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 107

Fintech Finance

SEPTEMBER 18, 2024

Through this agreement, Capgemini will mobilize its team of experts on AutoRek’s reconciliation solution and guide AutoRek’s clients with day-to-day support of implementations. Companies are under immense pressure to free up cash from their operations.

Reconciliation 52

Reconciliation Payment Reconciliation Cash Management Agreements 52

Fintech News

FEBRUARY 21, 2024

It also aims to enhance Helicap Group’s visibility by providing its borrowers with access to a broader range of financial products, including those involving cross-border partnerships, credit, and cash management solutions.

FinTech 97

FinTech Cross-Border Non-Bank Financial Inclusion 97

PYMNTS

FEBRUARY 1, 2021

Reconciliation Challenges. Slow reconciliation processes can result in extra costs and headaches, for example, by tying up staff schedules with tasks that could be managed by automation instead, Hagan said. That information is then easy to process for generating insights and informing cash management decisions. .

Payment APIs and Integration 93

Payment APIs and Integration RTP Reconciliation Real Time Payments 93

PYMNTS

NOVEMBER 23, 2020

Indeed, according to Fiskl CEO and Founder Alina Lapusneanu , entrepreneurs are searching for solutions that can multitask, and embrace a wide range of functionality to tackle more pain points around banking, payments and cash management — all at once. All About Cash Flow.

Finance 106

Finance Payment Gateways Gateways Small Business 106

PYMNTS

MARCH 18, 2020

As Biegel explained, a lack of data standardization across payment tools remains a challenge to the reconciliation and cash application process, even when that data is electronic. The lockbox offers an important step toward digitizing data in check transactions, which is key to reconciliation and cash application processes.

Lockbox 80

Lockbox Reconciliation Checks Automation 80

PYMNTS

AUGUST 3, 2020

The ability of blockchain infrastructure to store data means transactions can not only be settled in real time, but can also be linked to one specific invoice, opening up the potential for automated reconciliation.

Real Time Payments 117

Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

DECEMBER 30, 2020

The shift toward contextual banking has a tailwind in place as the financial institutions (FIs) that have been market leaders have been seeing strong deposit growth — and as corporate customers are growing those balances, they want to be able to see their account activity and cash balances visible within the same application on demand.

Payment APIs and Integration 97

Payment APIs and Integration Treasury Reconciliation API 97

PYMNTS

FEBRUARY 1, 2021

Rather, Sinha explained, corporate treasurers and CFOs today are grappling with evolving business models and transforming cash management strategies. But the digital transformation goes far beyond adopting electronic payments or automating invoicing. The Transformative Power Of Data.

B2B 94

B2B Payment APIs and Integration Treasury Cash Management 94

PYMNTS

AUGUST 1, 2019

Widespread adoption of these standards will also allow for streamlined reconciliation and cash management transparency for beneficiaries, it added. . “It will allow for rich invoice and tax information, originator and beneficiary details, and necessary regulatory information for beneficiary jurisdictions,” it said.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

Fintech Finance

NOVEMBER 6, 2024

Bankline Direct is a cash management solution for large corporates and financial institutions that fully integrates with Treasury Management Systems and Enterprise Resource Planning platforms to automate payment processing and data reconciliation and provide connectivity to UK and European payment schemes.

ISO 20022 98

ISO 20022 ISOs Online and Mobile Banking Payments 98

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. After all, knowing where funds are at any given point of the journey is a critical part of corporate cash management. The question for any number of treasury professionals is what lies ahead?

Instant Payments 63

Instant Payments Interoperability Cash Management Cross-Border 63

Fintech Finance

NOVEMBER 14, 2024

Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. ” said Michael Lee, Senior Executive Vice President and Managing Director of Commercial Banking at Santander Bank.

Online and Mobile Banking 52

Online and Mobile Banking Product Cash Management Treasury 52

Fintech Finance

JANUARY 30, 2024

BNY Mellon (NYSE: BK) has announced the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. ” BNY Mellon’s Virtual Account-Based solutions supports a variety of industry use cases.

Accounts 52

Accounts Wire Wires ACH 52

Fintech Finance

MARCH 7, 2024

Automated processes to enable effective cash and liquidity management As a leading digital payment and digital banking solutions provider, FOMO Pay empowers merchants and financial institutions worldwide by facilitating seamless transactions in both fiat and digital payment tokens.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

PYMNTS

OCTOBER 6, 2016

. “Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi.

Mobile Payments 63

Mobile Payments Cross-Border Payments Payments Cross-Border 63

Nanonets

APRIL 7, 2023

Cash management, or effective treasury management, can often be the deciding factor for the success or failure of tech startups. To achieve success, it is crucial to manage cash flow, particularly the "burn rate," which refers to the rate at which money is spent before reaching profitability.

Treasury Management 98

Treasury Management Treasury Due Diligence Wire Transfer 98

PYMNTS

NOVEMBER 7, 2017

The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained. It aims to reduce Days Sales Outstanding and supports streamlined reconciliation.

Payer 48

Payer Payment APIs and Integration Treasury Reconciliation 48

The Fintech Times

DECEMBER 18, 2024

” This initiative looks to significantly boost cost efficiencies for these local businesses and increase purchasing power through KEO’s Workeo solution available via Amex Business Link. . ” The post KEO World Collaborates With AMEX to Help Businesses in Brazil Digitise B2B Invoice Payments appeared first on The Fintech Times.

B2B 59

B2B Payments Reconciliation Cash Management 59

PYMNTS

OCTOBER 17, 2017

17), Visa said it is tackling that issue through a new partnership with accounts receivable (AR) and cash management company Billtrust. In an announcement on Tuesday (Oct. Billtrust has deep expertise in addressing the pain points that suppliers and merchants have within B2B,” said Taira Hall, vice president, U.S.

Automation 47

Automation Reconciliation Card Issuer Payee 47

Fintech Finance

FEBRUARY 29, 2024

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

Real Time Payments 52

Real Time Payments Cash Management Payment Initiation Reconciliation 52

The Paypers

JULY 29, 2020

Gresham Technologies (Gresham), the fintech in reconciliations, banking integration and cash management solutions, has announced the acquisition of Inforalgo.

Reconciliation 36

Reconciliation Cash Management FinTech Technology 36

PYMNTS

NOVEMBER 26, 2020

These longstanding frustrations have recently become more concerning for both parties, however, as the COVID-19 pandemic has made paycheck speed more essential for businesses’ cash flow reconciliation and employees’ bill-paying needs. Meeting accelerating expectations in real time . The vast majority of U.S.

Payroll 75

Payroll Real Time Payments P2P Payments 75

Fintech Finance

DECEMBER 17, 2024

” “Expanding the value proposition of the Amex Business Link platform is one of our priorities so that buyers and suppliers can make real-time decisions that optimize their working capital and improve their operational-administrative and reconciliation processes. .”

B2B 52

B2B Agreements Reconciliation Digital Payments 52

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. “It’s also the ergonomics of it.

Commercial Card 104

Commercial Card Push-to-Card B2B Card Issuer 104

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

Treasury Management 75

Treasury Management Treasury Blockchain Distributed Ledger Technology (DLT) 75

PYMNTS

FEBRUARY 1, 2021

Although the purpose of digitization in the finance department is, in many cases, to strengthen cash management, the effect of so many siloed systems can actually be quite different. As Berghald explained, that’s because each critical function — from invoicing to payment to accounting — all occur separately from each other.

Payment APIs and Integration 82

Payment APIs and Integration Finance API Facilitators 82

PYMNTS

MARCH 27, 2019

“By streamlining supplier onboarding, tax compliance, invoice processing, global payments and payment reconciliation, Tipalti helps modern finance organizations strategically scale more rapidly and efficiently.” The enhanced integration aims to strengthen control and communication for both ends of the transaction.

B2B 46

B2B Reconciliation Payment Reconciliation PayPal 46

The Fintech Times

NOVEMBER 7, 2024

Bankline Direct is a cash management solution for financial institutions that fully integrates with Treasury Management Systems and enterprise resource planning platforms to automate payment processing and data reconciliation and provide connectivity to UK and European payment schemes.

ISO 20022 59

ISO 20022 Consumer ISOs Online and Mobile Banking 59

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

Blockchain 57

Blockchain Cross-Border Payments Cross-Border B2B 57

PYMNTS

JULY 22, 2020

Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

The Fintech Times

SEPTEMBER 20, 2024

In fact, evidence of this can already be seen.

B2B 59

B2B Payment Solutions Reconciliation ACH 59

PYMNTS

NOVEMBER 17, 2020

Boost Intercept, Boost’s straight-through processing platform, automates manual payments and reconciliation processes, making it easier for organizations of all sizes to use and accept commercial cards.

Payment Solutions 52

Payment Solutions Commercial Card Payments Wire 52

PYMNTS

AUGUST 25, 2016

ING Wholesale Banking has announced a new solution aimed at corporate treasurers in need of managing cash across borders. Dubbed Virtual Cash Management (VCM), the solution, announced on Wednesday (Aug. The Virtual Cash Management tool is ING’s effort to guide treasurers into this new role, it said.

Cross-Border 40

Cross-Border Treasury Treasury Management IBAN 40

PYMNTS

NOVEMBER 4, 2016

But this use case can easily be applied to other industries, too. “I think it’s a perfect example of where there is opportunity to take friction out of the system,” he continued.

Treasury Management 79

Treasury Management Treasury Innovation Blockchain 79