PYMNTS

SEPTEMBER 17, 2019

Travelex , part of the United Arab Emirates-based Finablr , is rolling out a FinTech business-to-business (B2B) platform called Travelex Business, IBS Intelligence reported on Tuesday (Sept. The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion.

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B2B Foreign Exchange Currencies Cash Management 60

PYMNTS

JANUARY 30, 2017

The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies. Trade finance, they said, could help boost efficiency in cash management and supply chain (via dynamic discounting on invoices).

Cash Management 49

Cash Management Treasury Invoicing Currencies 49

PYMNTS

OCTOBER 22, 2019

But the executive insights in the pages that follow offer a bit of roadmap for cash managers to see more restful nights. Connecting those supply chains across borders also means executives must think about payments in a different way, especially when managing transactions across time zones and currencies.

Cash Management 41

Cash Management B2C Currencies B2B 41

PYMNTS

FEBRUARY 19, 2019

the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments.

Accounting 75

Accounting Cash Management B2B Invoicing 75

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. Reports on Tuesday (March 15) said Germany’s Deutsche Bank is collaborating with Bank of China, and the result of that partnership has gone live.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40

PYMNTS

AUGUST 3, 2020

“Being the world’s reserve currency, naturally regulators are going to take more time. As a whole, the U.S. has been nowhere near other markets like Japan and Switzerland in embracing digital assets within the banking arena, though it’s not necessarily a surprise. “The U.S.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

OCTOBER 11, 2017

The latest edition of the PYMNTS.com B2B API Tracker™ , a FI.SPAN collaboration, looks at the latest solutions improving the way B2B payments are exchanged and innovating the way financial institutions offer payment-related services for customers. . Here’s a snapshot of some recent notable B2B API news: . About the Tracker.

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B2B Cash Management Invoicing Currencies 71

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. Cards remove the need for petty cash and checks while providing an alternative way to pay suppliers without impacting precious cash flow. dollars. “We

Currencies 40

Currencies Cash Management Treasury Compliance 40

PYMNTS

DECEMBER 24, 2018

Against that backdrop, and when it comes to payments, currencies can be volatile, too. We’ve been here before, it seems, with the currency and emerging market crises of the 1990s, and with the fledgling trade wars and political shifts of the early 21st century.

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Numbers B2B Currencies Accounts Payable 65

PYMNTS

APRIL 1, 2016

Electronic payments and FinTech can help businesses across the board improve time and cash management, but each industry is different in the types of solutions they need and the progress with which they adopt more sophisticated tools.

B2B 40

B2B Accounts Payable Cash Management Currencies 40

PYMNTS

SEPTEMBER 18, 2019

Elsewhere in Europe, in the United Kingdom, Travelex has debuted a B2B FinTech platform known as Travelex Business. Services include cash management and cross-border payment and currency conversion across APIs. The latter offering includes multi-currency processing.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs. The scope became very large.”.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

JUNE 12, 2017

Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Combine that with the finding that B2B payments are becoming increasingly complex, with two-thirds of respondents saying they originate payments with at least three banks. Globalization.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

JULY 24, 2017

Here’s all the financial data you need to know from some of the largest B2B finance and tech businesses. Kyriba also identified market volatility in both the currency and political markets, as well as “rampant fraud and increasing regulatory requirement” that are pushing businesses to adopt cloud-based cash management solutions.

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B2B SAP Profit and Loss Forecasting 46

PYMNTS

JANUARY 22, 2021

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health.

Treasury 103

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PYMNTS

SEPTEMBER 30, 2016

A new survey by JPMorgan finds corporate treasurers consider China’s recent currency exchange rate reforms to have had the most impact on their businesses. All of this occurs as China works to make the yuan an international currency. Reports on Thursday (Sept. China’s economic slowdown surpassed U.S.

Currencies 67

Currencies Cash Management Economics Banking 67

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Libra Stumbles, Coronavirus Gains Show Pitfalls Of A ‘Global’ Currency. Here’s why when it comes to currencies, one size does not fit all. Ant Financial Acquires Minority Stake In Klarna.

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Currencies Treasury Cash Management B2B 52

PYMNTS

JANUARY 2, 2020

Retail currency dealer Travelex was offline on Thursday (Jan. In September , Travelex launched a FinTech B2B platform called Travelex Business. The new platform features an API-led platform to offer customers cash management, cross-border payments and retail currency conversion.

Currencies 52

Currencies Cash Management B2B Retail 52

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

JULY 9, 2019

The bank announced that its Next Generation Virtual Accounts are now available to wholesale clients to support cash and multi-currency management. HSBC is introducing virtual accounts for corporate and institutional clients, the financial institution said in a press release sent to PYMNTS on Monday (July 8).

Accounting 54

Accounting Banking Cash Management Treasury 54

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. . “We live in times of great uncertainty and great change,” said Kohli. ”

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Cash Management Currencies Corporate Finance Treasury 77

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). The buyer-supplier relationship goes beyond regulatory requirements like Know Your Customer. The supplier would be at risk [of non-payment].”.

B2B 42

B2B Cash Management Treasury Invoicing 42

PYMNTS

SEPTEMBER 4, 2018

Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management. Citing data from Euromoney , Deutsche Bank noted that about two-thirds of executives report being interested in adopting automated, 24/7 currency conversions based on real-time FX rates.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

JUNE 21, 2018

But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).

Accounts Payable 44

Accounts Payable B2B Invoicing Accounting 44

PYMNTS

AUGUST 9, 2019

PE Hub noted that among GPS Capital Markets’ direct competitors is Cambridge Global Payments, another foreign exchange management and cross-border B2B payments company that was acquired by FLEETCOR in 2017 for about $690 million. “We Recent analysis from Kyriba revealed that U.S. corporates lost a combined $23.39

Foreign Exchange 43

Foreign Exchange Marketing Sales B2B 43

PYMNTS

MARCH 6, 2020

HSBC on the Next Phase of Treasury APIs (B2B API Tracker). Libra’s Stumbles, Coronavirus Gains Show Pitfalls of a ‘Global’ Currency. In the age of Libra, in a new decade where at least some central banks are looking into their own fiat issued in bits and bytes, would a global currency set the stage for relative calm?

Treasury 52

Treasury Auditing eCommerce Cash Management 52

PYMNTS

APRIL 18, 2016

With that in mind, Agiasotis pointed to other aspects of the payments innovation space that should, perhaps, be getting a bit more attention from disruptors when it comes to B2B payments. For instance, while invoices are connected to cross-border B2B payments, that exchange of data doesn’t always result in the understanding of that data.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Currencies 40

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. This week’s B2B Data Digest focuses on the flux and flow of managing cash. 3 billion has been at risk to cyberthieves from U.S.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

PYMNTS

JULY 21, 2020

With barriers to globalization coming down and new opportunities for growth discovered, corporate treasurers and CFOs are stepping into unfamiliar territory with their cash management operations. ” Challenge Turned Opportunity.

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Treasury Cash Management Data Analysis Banking 64

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. For enterprises, the lure is there to streamline B2B payments, or offer preferred payments in a given market (to name one example).

Banking 60

Banking Treasury Cash Management Invoicing 60

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.

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PYMNTS

JULY 31, 2017

Joining in that disruption, Onymy Infocomm recently announced news that it has just launched PayBee , a platform that supports B2B payments for both buyers and suppliers, as well as invoice management and transparency into transactions that, according to the firm, can support enhanced cash management for SMEs.

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Invoicing B2B Accounts Payable Cash Management 40

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cash management becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. on Friday, he said.

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Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

MARCH 2, 2016

To achieve this, Ripple is placing its bets on XRP, a digital currency that the firm argues will be instrumental as a bridge asset to facilitate interbank transactions. It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. Only 13 percent said they decreased the number of cash management solution providers with which they were working.

Banking 43

Banking Treasury Benchmarking Cash Management 43

PYMNTS

FEBRUARY 22, 2018

In another statement, Commerzbank AG Divisional Board Member, Fixed Income, Currencies & Commodities and Trade Finance & Cash Management, Nikolaus Giesbert, said the initial financial institutions (FIs) that spearheaded Marco Polo have already successfully tested the tool. “We

Finance 46

Finance Banking Cash Management Currencies 46

PYMNTS

AUGUST 29, 2017

Most professionals said geopolitical risk has led to concerns over a loss of revenue or customers, while 49 percent cited the concern over currency risk. Over the next three years, 64 percent of executives said cash management and forecasting will be critical in the treasury department as they navigate these risks and concerns.

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Treasury Foreign Exchange Cash Management Risk Management 46