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Ant International is also working with StraitsX to enable the efficiency and interoperability of payments made via PBM through the Whale platform, Ant International’s treasurymanagement solution. ” Ingenico showcased live demonstrations of its new crypto payment solution throughout Singapore Fintech Festival 2024.
Treasurymanagement system provider GTreasury announced it reached a deal to acquire risk management and compliance software company Visual Risk , reports in Mondo Visione said Tuesday (April 17). Pater will lead the combined entity as CEO, while Nailand will continue to serve as managing director of Visual Risk.
To examine how businesses weigh factors like cash flow reporting and ease of adoption to arrive at their decisions, PYMNTS caught up with Adam Carter , vice president of global treasurymanagement, faster payments at U.S. Bank, representing Elavon , a merchant-focused payments processing provider and U.S.
Between omnichannel procurement, multi-rail paymenttools and cross-border trade, treasurymanagement systems (TMS) seem like an obvious necessity for modern conglomerates. Nearly half of the companies surveyed by the Association for Financial Professionals (AFP) and Bloomberg aren’t using a treasurymanagement system.
Rather than the transaction originating within an enterprise resource planning (ERP) or treasurymanagement system, application programming interfaces (APIs) have shifted the perception of where a payment starts and ends. Emerging Ecosystems.
While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,
With the impending launch of Spring by Citi , Citi ’s Treasury and Trade Solutions (TTS) is increasingly incorporating the consumer payments experience into its broader B2B treasurymanagement and transaction banking offering as it moves to support its institutional clients in their own journeys to meeting customer payment demands.
For many businesses, which paymenttool is best depends on many factors, from what their vendors prefer to payers’ own cash positions. Such illustrates the importance of accounts payable being “payment agnostic,” according to Richard Jackman, president and CEO of B2B payments technology firm ePayRails.
Paper checks are far from disappearing in business payments, but a new solution from U.S. Bank will add a digital, mobile twist to the paper paymenttool. Bank Head of Receivables Solutions for TreasuryManagement Sam Robb in a statement.
PNC Bank ’s treasurymanagement division recently sought to provide an alternative by offering companies capabilities for suppling employees with prepaid debit cards and then pushing payroll over faster payment rails onto those tools. Adam Carter , vice president of global treasurymanagement, faster payments at U.S.
Among the most recent partnerships announced in this context is a tie-up between treasurymanagement solution provider Kyriba and JPMorgan Chase. It’s not just the largest enterprise and treasury departments weighing their opportunities in faster payments, though.
In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. It’s a service designed around the ubiquity of the paper check, and with checks still a popular paymenttool in B2B transactions, lockbox services remain in high-demand.
Mastercard , too, has been making deeper inroads in the commercial payments space. Last May, the company explored how its Mastercard Send solution, which began as a peer-to-peer (P2P) push paymentstool, would break into the B2B market.
Following our recent $20 million draw-down facility agreement with Rollman Management Digital, Aryze is scaling operations to deliver paymenttools that are secure, efficient, and future-proof. Cross-border payments: Enable instant, seamless global transactions at significantly lower costs.
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