CS Lucas

APRIL 28, 2023

This article provides an overview of the integration between banks and the CS Lucas Treasury Management System, highlighting the benefits, methods, and costs of integration. Streamlined payment processing : Integration enables payment instructions to be automatically pushed to the bank for settlement, reducing manual intervention and delays.

Banking 52

Banking Reconciliations Transportation Securities 52

Bramasol

MAY 13, 2024

Overview of the PCAOB and AICPA The Public Company Accounting Oversight Board (PCAOB) is a regulatory body established by the Sarbanes-Oxley Act of 2002 in response to corporate accounting scandals like Enron and WorldCom.

Auditing 90

Auditing Compliance SAP Accounting Standards 90

FISPAN

JANUARY 12, 2022

Financial institutions (FIs) are under pressure to drive innovation in financial data access for the commercial banking space. Banking customers are seeking more control over their banking data than ever before. FISPAN regularly syncs with its network of financial institutions to retrieve fresh and up-to-date data.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Payoneer Debuts Program For Banks. Banking and accounting for U.K.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

DECEMBER 14, 2020

To roll out an in-depth collection of digital payment offerings for business customers, United Arab Emirates (UAE) financial institution First Abu Dhabi Bank (FAB) has teamed with Visa , according to a Monday (Dec. 14) announcement.

Banking 67

Banking B2B Reconciliations Securities 67

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

PYMNTS

JANUARY 21, 2021

Today in B2B payments, European banks grow wary of small business loans, and Xero collaborates on API bank connectivity. SMB Loans Pose Potential Big Risk for European Banks. Euro area banks have cut back on lending, as the pandemic continues to threaten the economy. Xero, Nedbank Team on API-Enabled Bank Feed for SMBs.

B2B 85

B2B Banking Reconciliations Currencies 85

PYMNTS

MARCH 2, 2020

accounts receivable and POS solution provider takepayments, according to reports in Thiis last week. Forty percent of small businesses that secured a loan used the funding for day-to-day spending , a report from the U.K. “Our business is not a charity, and we are not a bank,” one supplier told the publication.

Reconciliations 57

Reconciliations Invoicing B2B Manufacturing 57

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. .

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Just Cashflow Partners With Railsbank on SMB Accounts. Today In B2B, U.K. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering.

B2B 75

B2B Banking Reconciliations Planning 75

PYMNTS

MAY 14, 2018

A payments initiative, backed by Germany-based Deutsche Bank , could lead to another web-based payment option for airline passengers and diminished revenue for credit card providers. But each is a proprietary solution, whereas the IATA-Deutsche Bank pilot will test a solution that is applicable to many air passenger transactions.”.

Accounting 40

Accounting Banking Reconciliations Transportation 40

PYMNTS

SEPTEMBER 16, 2020

Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and electronic banking, according to a press release.

Reconciliations 76

Reconciliations Auditing Compliance Banking 76

Strategic Treasurer

APRIL 3, 2023

This research discovered how your fraud experiences and security practices has changed. Has your security framework been strengthened? What security threats are on the rise? Survey Results Treasury Fraud & Controls Thank you to all of those who participated in our 2023 Treasury Fraud & Controls survey.

Treasury 52

Treasury Reconciliations Education Risk Management 52

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

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. With machines now taking care of repetitive financial tasks, accountants have had to readjust their position from number-cruncher to value-adder to remain relevant. ” Jones explained.

Accounting 61

Accounting Compliance Reconciliations CFO 61

PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

Bank of the West

NOVEMBER 22, 2021

.” These real-time collection platforms trigger payments from bank accounts for collections. Unlike an instant direct debit, companies that request payments can pull funds directly from the customer’s bank account with due authorization. What R2P Means for Treasury Operations.

Treasury 98

Treasury Reconciliations Banking B2B 98

PYMNTS

JANUARY 29, 2020

Despite its rising popularity, open banking and data sharing frameworks were not necessarily opportunities toward which banks initially jumped. Gradually, however, traditional FIs are increasingly acknowledging the value in open banking. This is a classic build-versus-buy decision,” he told PYMNTS.

Banking 52

Banking Accounts Payable Vendor Management Reconciliations 52

PYMNTS

MARCH 1, 2019

s FPS enables the almost immediate transfer and availability of funds between the scheme’s participating banks. would consider switching to banks that offer real-time payments capabilities. The value of online banking fraud loss nearly tripled from 2007 to 2009 after the U.K. Security strategies. Fraud opportunities.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

NOVEMBER 16, 2020

Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says. The A2A features are already available in the U.S. The Track Business Payment Service was rolled out in the U.S.

Reconciliations 81

Reconciliations B2B Leverage Accounting 81

PYMNTS

DECEMBER 11, 2019

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. Eika Group, EedenBull Team for Banks. Cash flow remains the No. Cash flow remains the No.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. iBanFirst Boosts Payment Visibility For Buyers, Suppliers.

Accounts Payable 61

Accounts Payable Reconciliations B2B Accounting 61

PYMNTS

JUNE 16, 2020

Add accuracy and security to velocity and it makes a kind of “rule of threes” for the payments space today. In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Manual Reconciliation, Begone.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. Accounting Responsibilities: Both the CFO and Controller collaborate on overseeing the annual audit, ensuring thoroughness and compliance. The CFO, however, looks at the bigger picture.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

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

OCTOBER 14, 2020

based FinTech Ordo to help speed up bank transfers for businesses, simplify loan repayments and more, according to a press release. Contis works in real-time payments, while Ordo has been working to simplify the process of getting paid through safe bank transactions and automatic tracking for payments, the release stated.

Reconciliations 60

Reconciliations Currencies Accounting Banking 60

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

Banking 49

Banking Reconciliations Communication Leverage 49

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. “We They have to collect payments and can’t do so efficiently by going into the office.”.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

NOVEMBER 16, 2020

The country’s banking system is giving an upgrade to its instant payments system. Kavakama points to the fact that the country’s central bank has mandated that first-tier banks connect to PIX. In order to transact through the system, users need to register "keys" with their bank or fintech. Case in point: Brazil.

Nonprofit 131

Nonprofit Reconciliations Banking Securities 131

PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. Deep Dive: Security in the Time of Faster Payments. Get the full story in the Tracker.

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S. Mailprotector.

B2B 80

B2B Startups Nonprofit Reconciliations 80

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . The movement of money is initiated when the merchant’s bank requests to “pull” money out of the customer’s account and place it into the merchant’s. Security and Recordkeeping.

B2C 44

B2C Reconciliations Invoicing Securities 44

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. Managing Risk.

Treasury 56

Treasury Banking Compliance Risk Management 56

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

FEBRUARY 7, 2018

Xero , an accounting platform for small businesses (SMBs) around the world, announced news on Tuesday (Feb. 6) that it is expanding its partnership with Stripe to enable Xero customers to accept ACH bank transfers via Stripe’s platform. million subscribers now have another way to get paid quickly in a secure manner.

Invoicing 44

Invoicing Reconciliations Accounting Banking 44

PYMNTS

JUNE 19, 2020

Also based in Brazil, Remessa Online secured $21 million in funding, Contxto reported this week, with investors backing the FinTech’s B2B money transfer offering. In addition to DEG, MELI Fund, the Corporate Venture Capital Fund of MercadoLivre, also participated, the release said. Remessa Online.

B2B 73

B2B Startups Reconciliations Financial Data 73