Strategic Treasurer

MAY 18, 2023

Session 86 Coffee Break Session: What Is Digital Currency? In this episode, Paul Galloway and Jason Campbell discuss digital currency and its implications for treasury professionals. Series Episodes The post 86: What Is Digital Currency? Crypto has been gaining popularity in the past decade.

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PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. According to Acting Comptroller of the Currency Brian P. BELLIN Secures SWIFT gpi Label.

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OCTOBER 13, 2020

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.

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Treasury Banking B2B Reconciliations 76

PYMNTS

FEBRUARY 4, 2020

Visa has announced that it will sell cross-border payments company Earthport’s foreign exchange (FX) business to Pollen Street Capital’s Currency Holdings, according to a report. That’s B2B Connect.”. “If If you are a treasury bank, you have to operate in both of those spaces,” he explained.

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PYMNTS

JULY 13, 2016

The B2B industry, never one to rush on board to embrace technology, is incrementally but surely moving toward streamlining payments processes, with an eye on reducing complexity and cost, as noted in a recent blog post by The Bancorp. But there’s a groundswell.

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PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Plus, those back office platforms aren’t always integrated with each other, either.

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B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

SEPTEMBER 15, 2020

With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift. First Horizon Mixes Rails for Faster Treasury Payments. Mastercard Leads Central Bank Digital Currency Test. Zero Hash Embraces Payment Rail Cooperation.

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PYMNTS

DECEMBER 10, 2019

FIs looking to recruit and keep corporate customers are working to accelerate clients’ B2B payments, with many finding application programming interfaces (APIs) key to delivering compelling payment solutions that are easy for those clients to adopt. Around The B2B API World. Find the full story in the Tracker. About The Tracker.

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PYMNTS

SEPTEMBER 26, 2018

Not only do the founders of projects raising funds via ICO rarely have a background in treasury management, but the nature of the current crypto ecosystem means these innovators need guidance, Siemer told PYMNTS in a recent interview. “On top of that, their clients’ crypto exposure will also affect decisions made.”

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PYMNTS

MAY 22, 2020

This has broadened the ECB’s real-time banking reach to 30 countries and more than 3,800 FIs, setting the stage for countries that transact in different currencies to join the network in the future.”. “Sweden’s central bank, Sveriges Riksbank, is the newest financial institution (FI) to connect to TIPS, for example. The Fed’s Failure.

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PYMNTS

AUGUST 3, 2020

“Being the world’s reserve currency, naturally regulators are going to take more time. Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. As a whole, the U.S. “The U.S. ” Coexisting Systems.

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PYMNTS

SEPTEMBER 4, 2018

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live. In the U.S.,

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Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

FEBRUARY 8, 2019

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). “SMBs could be exposed to significant sterling fluctuation,” said Western Union Senior Currency Strategist Nawaz Ali in a statement sent to PYMNTS in December.

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Currencies Foreign Exchange Reconciliations Treasury 61

PYMNTS

NOVEMBER 20, 2019

Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. In an announcement , Citi revealed the launch of its Citi Global Connect platform, enabling corporates to accept B2B payments across borders with integrated FX capabilities.

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PYMNTS

MARCH 16, 2018

But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. We’re looking to partner with treasury management system [TMS] providers out there. FX management today has a more prominent role in the treasury department than in the past. Certainly regulations like PSD2 and the U.K.’s

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PYMNTS

FEBRUARY 6, 2020

As the company readies for early adopters later this year, Transparent Systems also acknowledged that it will initially target the B2B payments landscape. But as Kramer explained, there are opportunities for real time in the B2B landscape. Corporates’ Real-Time Demand. How does it change people’s jobs and the way they do business?”.

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B2B Reconciliations Treasury Technology 67

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Pain points experienced by B2B vendors when collecting cash will inevitably seep into their own AP processes. However, that understanding has not traditionally been the focus of B2B payments service providers. and Turkey.

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PYMNTS

JANUARY 14, 2021

Plus, new concerns mount in Sweden over the rise of Central Bank Digital Currencies and their implications for the traditional banking system. Modern Treasury Raises Funding To Accelerate B2B Payments. trillion in B2B transactions in the U.S. trillion in B2B transactions in the U.S. Noting that more than $18.5

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PYMNTS

OCTOBER 16, 2020

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools to speed up business-to-business (B2B) disbursements and payments. Beyond bitcoin is the potential of central bank digital currencies (CBDC).

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PYMNTS

DECEMBER 12, 2019

There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. Citi recently made 50 APIs available to business clients, designed to connect easily with treasury software.

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B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

JULY 8, 2016

In a recent announcement within the treasury management space, EDI Gateway, a service provider specializing in SMBs and focused on enterprise resource planning and B2B applications, linked up with AZUR , a cloud-based treasury management firm, to offer the latter’s eFinancialSuite to vendors.

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Treasury Reconciliations B2B Currencies 40

PYMNTS

MARCH 6, 2020

We have deep dives into treasury application programming interfaces (APIs) and buy now, pay later (BNPL), as well as a report on Robinhood ’s trading app outage that occurred earlier this week. HSBC on the Next Phase of Treasury APIs (B2B API Tracker). Libra’s Stumbles, Coronavirus Gains Show Pitfalls of a ‘Global’ Currency.

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PYMNTS

JANUARY 22, 2021

While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. Yet, it's when these two techniques are combined that a treasurer can truly optimize liquidity management across borders and currencies.

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PYMNTS

FEBRUARY 5, 2020

Former BoF Gov: Central Bank Coin Currency At Least A Decade Away. Privacy and monetary policy issues are causing regulators to tread carefully in launching electronic currencies. Breaking Batch (Payments): BNP Paribas On APIs And Making B2B Payments Faster. US Economy Could Lose $10B To Chinese Travel Ban.

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PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Many of our clients are migrating off their core banks’ treasury service and leveraging Payment Rails’ payout platform because we offer automation and REST API connectivity.

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Foreign Exchange Treasury B2B Compliance 78

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. Risk will be less of an issue because of the increase in transparency and tighter control on foreign exchange payments, along with the currency exposures for those with stake in procurement and treasury.

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PYMNTS

OCTOBER 22, 2020

The average global company works with at least six banks and 40 percent of them make payments in at least six currencies. Treasury is in the middle of upgrading our FX infrastructure,” she said. GE’s treasury department experienced this firsthand in the early days of the pandemic, when China imposed a full shutdown on businesses.

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FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. B2B payments market. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

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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.

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PYMNTS

JANUARY 16, 2017

The relationship between bank and corporate customer is one that, for treasury managers, is a crucial one. In a world of cross-border transactions, geopolitical upheaval and currency volatility, corporates traditionally forge relationships with several banks. And visibility is crucial for centralized decision-making,” he said.

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PYMNTS

JANUARY 30, 2017

The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies. In addition, the volatility introduced into currency and other asset markets from events such as Brexit means that treasury functions must adopt innovative ways to deal with ripple effects that impact working capital.

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PYMNTS

MAY 2, 2016

Treasury has added five nations to its list of trading partners with foreign exchange policies that need to be monitored, according to reports on Saturday (April 30). China, Germany, Japan, Korea and Taiwan are each on the list due to their currency practices, according to reports.

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PYMNTS

SEPTEMBER 26, 2018

The virtual account solution is currently available for clients across Western Europe, supporting 16 jurisdictions and 37 currencies. “API-based integration is one of the biggest topics across the industry,” said Naveed Sultan, the bank’s global head of Treasury and Trade Solutions, in a statement at the time. .”

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PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

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DECEMBER 3, 2018

Amid the digital transformation of the enterprise, data is now considered the most valuable currency for corporates looking to transform via technology. In expense management, data emerges as the currency of control.

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Currencies Technology Auditing Banking 57

PYMNTS

JANUARY 25, 2018

Treasury management firm BELLIN is expanding its offerings through a new partnership with Kantox , reports in bobsguide said this week. By teaming up with Kantox, we can now complement our TaaS [Treasury-as-a-Service] offering with FX management and hedging ,” said BELLIN Founder and CEO Martin Bellin in a statement.

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Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

OCTOBER 23, 2019

It’s the reason why paper checks remain a constant in B2B payments: Although businesses may not particularly like them, organizations already know how to send, receive and reconcile them. B2B innovators have a choice when they decide to search for a better way to move money between corporates. Work With What You’ve Got.

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