PYMNTS

NOVEMBER 4, 2016

In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. For any new FinTech company, securing a deal with a financial giant is good news. ”

Treasury 79

Treasury B2B Leverage Reconciliations 79

Bank of the West

NOVEMBER 22, 2021

Here’s what finance executives need to know about R2P and its potential benefits for treasury management. ” These real-time collection platforms trigger payments from bank accounts for collections. The customer’s bank sends an R2P notice to the payer, likely via their secure banking app.

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

JANUARY 8, 2021

Even so, there’s still plenty of work to be done to raise awareness about how sending or receiving RTP transactions can improve the banking client experience. To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

JULY 3, 2020

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department. . ” Offering the Right Tools.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. Is real-time ready for prime time?

Reconciliations 98

Reconciliations B2B Treasury Banking 98

PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. 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.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. Rangachari said everyone wants to be in that “upper-right quadrant” of the graph, as bigger, older, global firms tend to have relative stability — but embracing the digital age is trickier in the age of open banking and increased regulations.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

JANUARY 31, 2018

That’s a metaphor, of sorts, and a caution for treasury management professionals as they navigate their swivel chairs, swiveling between spreadsheets on their desks, computer screens on desktops and even apps on their phones and tablets. The technology and legacy systems that are in place at those banks may no longer be sufficient.

Treasury 46

Treasury CFO Reconciliations Banking 46

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Bramasol

MAY 13, 2024

Enforcement: The PCAOB has the authority to discipline accounting firms and individuals for violations of PCAOB rules and securities laws. In addition, we've been closely involved with latest rollout of SAP GROW add-on packages for compliance automation, digital banking, treasury management, and revenue operations.

Auditing 89

Auditing Compliance SAP Accounting Standards 89

PYMNTS

MARCH 17, 2020

Yet for those banking partners, the fact that every corporate is at its own unique position in the digitization process presents a challenge as to which products to offer, and how to enable corporate clients to adopt them — a predicament that impacts everything from banks’ investments in infrastructure to their FinTech collaboration strategies.

Treasury 69

Treasury Reconciliations Banking Compliance 69

PYMNTS

JUNE 20, 2017

PNC Bank is linking its corporate clients with a new mobile solution that links users of its Visa commercial cards into mobile wallet solutions Apple Pay, Android Pay and Samsung Pay. But the move is also part of a broader effort to keep corporate payments up to speed with consumer payment innovation, the financial institution said.

Banking 44

Banking Reconciliations Treasury Securities 44

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. The question for any number of treasury professionals is what lies ahead? Financial institutions and treasury operations would do well to get ready for it all, sooner rather than later.

Cash Management 63

Cash Management Reconciliations Treasury B2C 63

PYMNTS

NOVEMBER 7, 2018

“Corporate treasurers are increasingly seeking to manage their payments functions in real-time to enhance control and visibility of their cash flows,” Steve Evans, head of Corporate Liquidity and Bank Treasury, FIS, said in a press release. million payments annually. million payments annually.

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

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. to China within only a few hours in order to secure a PPE shipment for healthcare providers. to multiple vendors in China to facilitate PPE procurement.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

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

JANUARY 19, 2021

“The enhanced data they’re able to generate through virtualization simplifies reconciliation and gives them access to reporting, enabling them to better forecast future cash flows,” Blair explained. Buyer-initiated payments are delivered directly into the supplier’s bank account without any action required from the supplier.

B2B 93

B2B Invoicing Reconciliations Treasury 93

PYMNTS

OCTOBER 21, 2019

Mastercard announced that it is partnering with PNC Bank to pilot Payment on Delivery, a new solution allowing businesses to pay a supplier in real time when receiving goods or services. Mastercard also plans to partner with ERP providers and banks to expand distribution and adoption of the solution in the U.S. “Our

Reconciliations 44

Reconciliations Treasury Leverage Banking 44

PYMNTS

OCTOBER 31, 2017

For the receivers of those checks, there’s another major argument in favor of the clunky, manual and insecure payment rail, according to Deluxe Treasury Management Solutions Vice President Gary Cawthorne. You have the invoice, the check, the bank information — everything is there.”. It’s a huge untapped market potential for them.

Invoicing 41

Invoicing Treasury Reconciliations B2B 41

PYMNTS

OCTOBER 27, 2016

Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. The bank announced Wednesday (Oct. Bank virtual payments general manager, in a statement. Bank Virtual Pay without modifying their ERP systems or undergoing a major IT project. Bank, reports said.

Accounts Payable 62

Accounts Payable Reconciliations Treasury B2B 62

PYMNTS

APRIL 2, 2019

Most modern bills (73 percent) are paid directly to the biller, according to recent research , while the rest are reconciled by bank bill pay (BBP). The former, biller direct (BD), involves paying bills directly through providers’ websites, while the latter entails doing so through online banking platforms. .

Treasury 49

Treasury Reconciliations B2B Invoicing 49

PYMNTS

NOVEMBER 20, 2018

Innovators large and small are addressing some of the many friction points of paying suppliers with a commercial card, from a lack of vendor acceptance to inefficient reconciliation to cybersecurity risks. According to PNC Treasury Management Executive Vice President and Head of Product Management J.

Reconciliations 47

Reconciliations B2B Treasury Securities 47

PYMNTS

JULY 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. According to FIS SVP of Mid-Market Treasury, Payments and Messaging Jerome Albus, along with President of Treasury Software Solutions Andrew Bateman, the U.S.

Treasury 41

Treasury Reconciliations Cash Management Banking 41

CFO News Room

NOVEMBER 30, 2022

Rather than have Turkiye invade and create a “buffer zone” Russia is trying to get the YPG to hand over control of that territory to Damascus, which would also forward Moscow’s goal of an Assad-Erdogan reconciliation. Erdogan has recently said he is open to the possibility.

Reconciliations 100

Reconciliations Construction Treasury Planning 100

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. Among these is the London-based FinTech Centtrip , which provides global payments, treasury and FX services to business clients.

Reconciliations 46

Reconciliations Currencies Foreign Exchange Accounting 46

PYMNTS

JANUARY 26, 2017

Blockchain, said Finlync, “will bring parties such as the buyer, seller, buyer’s bank [and] seller’s bank onto the same value chain,” which enables real-time transmission and analysis of data between these players. Faster processes, less complexity, heightened security — it seems like a no-brainer. However, this is changing.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

JULY 2, 2019

The solution is offered through Citi’s Treasury and Trade Solutions business, utilizing advanced analytics, artificial intelligence (AI) and machine learning to identify outliers that point to fraud, or perhaps operational oversights that are innocent in nature, but still lead to lost revenues and customers. The Diversity Of The Flow.

B2B 70

B2B Reconciliations Treasury Securities 70

PYMNTS

FEBRUARY 6, 2020

In a recent conversation with PYMNTS, Transparent Systems Co-Founder and Chief Technology Officer Jeff Kramer remained mum on the particular details of the company’s infrastructure, although the firm described itself as an “on-demand 24/7 settlement” solution that leverages “cryptographically-secured” distributed blockchain networks.

B2B 67

B2B Reconciliations Treasury Technology 67

PYMNTS

MAY 7, 2018

“The first step for corporates is to understand that they’ll never be 100 percent secure,” she explained. And yet, according to recent data from Strategic Treasurer in its Treasury Fraud & Controls report , corporate treasurers appear too confident in their ability to protect their organizations.

Education 47

Education Treasury Reconciliations Banking 47

Finvisage

DECEMBER 31, 2019

Risk of Illicit financial activities seen at Patisserie Valerie could have been mitigated with our Treasury Management System. Manipulating accounting figures in decentralized and error prone spreadsheets is straightforward where reconciliation is time consuming.

Reconciliations 52

Reconciliations Financial Analysis Accounting Construction 52

PYMNTS

APRIL 1, 2016

For banks, according to an e-book by payments processing firm FTNI, receivables management is a constant juggling act across corporate customers, and their own internal daily ebb and flow of cash flow. Receivables management can be as much art as science. Innovation, said FTNI, is key, but the right type of innovation is even more important.

Compliance 40

Compliance Reconciliations Construction Treasury 40

PYMNTS

FEBRUARY 13, 2018

With Fraedom, that means integrating those expense management and reporting capabilities into other areas of corporate finance and banking. “Through APIs, you can then connect this app into treasury workstations, connect it into other forms of reporting.” “Speed is becoming more important. .

B2B 44

B2B Benchmarking Reconciliations Corporate Finance 44

Barry Ritholtz

OCTOBER 3, 2023

So then we decided, look, look, maybe we should put all of these businesses together and create a securities division. And that’s how we created the securities division. We now had the securities business. Hank Paulson had left to go become treasury secretary. They didn’t even know who they were.

Marketing 108

Marketing Treasury Banking Profit and Loss 108

PYMNTS

APRIL 14, 2017

To get to the bottom of this troubling data, AFP Manager, Treasury & Payments Magnus Carlsson discussed the findings with PYMNTS. We actually see a decrease, overall, of these protective measures,” Carlsson noted, adding that daily reconciliation and other internal controls can help to combat check fraud.

B2B 40

B2B Accounts Payable Education Reconciliations 40