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Treasury And The Evolving Role Of Cash Management

PYMNTS

Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies.

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Oracle Streamlines Corporate Bank Account Management

PYMNTS

The company announced Tuesday (July 24) that its Oracle Banking Virtual Account Management solution is now available to corporate banks. The solution aims to simplify banking for businesses with multiple bank accounts in multiple currencies.

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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

Small businesses face similar challenges that big retailers face when they transact online, because through marketplaces, they are able to reach out to millions of consumers," he told PYMNTS in a recent interview. According to Ricardo Pero , CEO of SellersFunding , that places many eCommerce sellers in a precarious financial situation.

eCommerce 142
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Treasury APIs, BNPL And Robinhood’s Outage Top This Week’s News

PYMNTS

UK Moves Closer to Big Four Accountancy Breakup. The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. The business of fashion shows is struggling this week, but fashion retailing is not.

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Treading along the propulsion of the digital payments system

Future CFO

Real-time payments also mean account balances stay up-to-date. UnionBank has introduced digital account opening , expanding its reach to people as they no longer need to go to physical branches to open an account. In Asia, real-time payments are now available in Australia, Hong Kong, Japan, Singapore and Thailand.

Banking 98
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Data Dive, New Offerings Edition: Square, FICO And Mastercard

PYMNTS

According to the patent documentation, the tech will make it possible for a consumer to make a payment in any currency while allowing the receiver of the payment to choose what currency they would like to get it in. The network will automatically change the payment over to the desired final currency.

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Digitizing Servers’ Daily Tips

PYMNTS

Employees have no issues when tips are paid in cash, but when patrons choose to pay their bills with credit or debit cards, managers must often run to ATMs at the end of the night so servers can leave with the funds they’re owed. . Cash’s Double-Edged Sword . The reality is cash is not going away anytime soon,” Hassan said. “As