PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. Reports Monday (Aug.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

OCTOBER 30, 2019

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. Open Banking Targets Corporates.

Banking 41

Banking Foreign Exchange B2B Accounting 41

PYMNTS

JULY 30, 2019

Founded in Nigeria, Flutterwave is a a payments API that makes it easier for banks and businesses to process payments across Africa. Nigeria can be a very complex foreign exchange environment,” Mike Massaro, CEO at Flywire, said at the time. We started with the U.S. …

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

PYMNTS

AUGUST 6, 2018

With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. In other news, Iran is easing foreign exchange rules that were meant to be in response to U.S. Plus, the bank would allow currency markets to open again. “We On Sunday (Aug.

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

Simply Treasury

JUNE 3, 2021

API’s have shown the use banks and corporates can make out of them. The third one is the real-time collection and payment (we can see that immediacy and the time factor have become crucial, at least for certain industries and B2C’s) and finally immediate (automated) management of foreign exchange risk.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

FEBRUARY 18, 2020

Banks are increasingly embracing new channels to offer seamless omnichannel services to their customers, but doing so often creates silos that handle large amounts of collected data. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

MAY 20, 2019

The platform by TransferMate reduces administrative overhead by automatically matching the payment received to the invoiced amount, eliminating the need for manual reconciliation. By partnering with TransferMate, Wells Fargo can meet the demand of its global business customers, it noted in the press release.

Invoicing 53

Invoicing Foreign Exchange Reconciliations Currencies 53

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.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. With high transaction values and sellers across borders, these purchases would traditionally take several days to complete.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

OCTOBER 6, 2016

The bank revealed on Wednesday (Oct. 5) that more than $100 billion has now passed through its mobile corporate payments platform throughout the globe, just five years after the launch of the HSBCnet mobile corporate banking system. million transactions made over the platform since its 2011 launch.

Foreign Exchange 63

Foreign Exchange Reconciliations Cash Management Treasury 63

PYMNTS

MARCH 20, 2018

Flywire, a provider of global payment and receivables solutions for education, healthcare, and business, announced Tuesday (March 20) that it has inked a new deal with Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa. What’s more, 10,000 more studied in the U.S.,

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

OCTOBER 26, 2017

There are some methods that are ingrained in the fabric of certain locales, said Booth, such as bank transfer methods. In addition, the executive said, PPRO provides full reconciliation processes for back-office functions. In addition, the executive said, PPRO provides full reconciliation processes for back-office functions.

Reconciliations 40

Reconciliations Foreign Exchange eCommerce Sales 40

PYMNTS

JUNE 7, 2018

As the world continues to shrink and companies do more business beyond their borders, quick and efficient fund transfers and reconciliations have become crucial to keeping everything organized and everyone happy. The need for faster payment and reconciliation affects a variety of businesses.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

FEBRUARY 5, 2020

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. might take an Excel file out of a performance measurement system and upload the file to its bank. However, the firm that expands to 12 countries might use its bank to send payments across international wires.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

SEPTEMBER 4, 2018

A new report from Deutsche Bank suggests that even if adoption of accelerated payments remains muted for corporates, the trend is still affecting the enterprise and how it manages money — a fact that corporate treasurers must pay particular attention to. It’s not huge, but it’s not dismissible, either.

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

NOVEMBER 15, 2019

Advances in data aggregation connect both sides of a commercial card transaction to richer information for reconciliation, reporting and analytics purposes. The ability to pay suppliers more quickly, without letting go of an extra few days of capital float, is quite attractive to both vendors and corporate buyers.

B2B 65

B2B Foreign Exchange Accounts Payable Reconciliations 65

PYMNTS

NOVEMBER 7, 2019

And you see FinTechs racing to get as many press releases out there with as many banking partners as they can because they want to build PR momentum.”. That can make things a bit tricky when one is announcing a new partnership, as Flywire did last week with Bank of America , that is far from an agreement on press release paper alone.

Foreign Exchange 44

Foreign Exchange Education Reconciliations Banking 44

PYMNTS

DECEMBER 15, 2017

Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately. He noted, too, that many invoice payment products disaggregate payment from invoicing, making the reconciliation process friction-filled for the receiver. Thus, reconciliation is automated, he said.

Invoicing 48

Invoicing Reconciliations Currencies Education 48

PYMNTS

MAY 1, 2018

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. million on reconciliation processes, with a tenth of survey respondents deploying 50 or more employees to this area of operations.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

PYMNTS

JULY 2, 2018

That solution provides businesses, making purchases on Amazon Business with their American Express commercial cards, with line-item information on their buys for greater visibility into spend practices and more efficient reconciliation. Bank of America, N.A., The new card product will expand that functionality when it hits the market.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations Accounting 41

Global Finance

JULY 24, 2024

Africa— Rand Merchant Bank On the African continent, Rand Merchant Bank (RMB) strives to exceed the expectations of its clients by combining high levels of service with an exceptional technological platform to deliver effective sub-custody solutions covering all elements of trade transactions, as well as reporting and analytics.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Global Finance

JULY 24, 2024

Africa— Rand Merchant Bank On the African continent, Rand Merchant Bank (RMB) strives to exceed the expectations of its clients by combining high levels of service with an exceptional technological platform to deliver effective sub-custody solutions covering all elements of trade transactions, as well as reporting and analytics.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

PYMNTS

DECEMBER 2, 2020

Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender. Germany's Aareal Bank Group Rolls Out B2B Payment Platform. Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering. 1) announcement.

Cash Management 57

Cash Management B2B Foreign Exchange Banking 57

PYMNTS

DECEMBER 15, 2020

Increasingly, those value-added services are not only focusing on speed of payment, but also enhancing the data that end-users can access about their transactions, with new solutions from Bank of America and Scotiabank some of the latest to bring real-time rails to corporates. Bank Of America Wields SWIFT gpi.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

JULY 8, 2020

BizPay, the B2B payments offering by InstaReM that enables corporates to pay vendors via commercial card while enabling suppliers to accept payment via bank transfer, is expanding. Five Star Bank, Corserv Collab On Cards. Community bank Five Star Bank is turning to an external partner to support its commercial card rollout.

Finance 52

Finance B2B Foreign Exchange Reconciliations 52

PYMNTS

MARCH 5, 2019

In a press release sent to PYMNTS on Monday (March 4), ONPEX revealed it will provide Wirexend with its cross-border payments and Banking-as-a-Service technology so that Wirexend can offer its own business customers with global payment capabilities, enabling customers to access to SWIFT and SEPA money transfer services.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

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. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

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