PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. Most of the funds reportedly arrived in one of the individual’s accounts.

Securities 71

Securities Treasury Currencies Accounting 71

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. However, he noted that the move could negatively impact morale at DHS.

Treasury 90

Treasury Securities Currencies Education 90

PYMNTS

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. Add legislation like PSD2 into the mix, which promotes data sharing and security, and there is an opportunity for T&E processes to be truly transformed, Jouini recently told PYMNTS.

Currencies 57

Currencies Auditing Technology Treasury 57

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Privacy And Security.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Commercial clients using SWIFT gpi for corporates can also get alerts about inbound and outbound payment status directly to their treasury management system.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

APRIL 26, 2017

Fundamentally, our approach to innovation is to deliver accurate and absolute visibility into an organization’s liquidity and provide the ability to securely deploy cash anywhere in the world. As a product feature, Kyriba was the first and only company to integrate supply chain finance (SCF) into the treasury workflow.

Risk Management 40

Risk Management Treasury Auditing Securities 40

PYMNTS

SEPTEMBER 22, 2020

MicroStrategy was reportedly the first public firm to invest most of its treasury in the cryptocurrency in the summer, according to Bloomberg. The firm has roughly half a billion dollars primarily kept in short-term federal government securities prior to the pandemic.

Treasury 68

Treasury Forecasting Currencies Economics 68

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.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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. Enhanced fraud prevention: The use of automated systems for transferring files reduces the risk of tampering, improving security.

Banking 52

Banking Reconciliations Transportation Securities 52

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free.

Currencies 60

Currencies eCommerce Treasury Retail 60

Simply Treasury

AUGUST 2, 2022

It would be calculated by the difference between the amount of "net" equity at the closing of the accounts and at the opening of the accounts. The rate would be calculated based on a 10-year "risk-free interest" rate depending on the currency, increased by a 1% risk premium (1.5% Two limitations are already apparent.

Finance 130

Finance Leverage Banking Treasury 130

CFO News Room

JANUARY 17, 2023

Russia was also a leading exporter of these commodities, with a disproportionately large share of its oil and gas production going to Europe; in 2021, Russian gas accounted to 45% of EU gas imports. Neither index is particularly representative, and currency effects contaminate both, but they tell the story of devastation in the two markets.

Economics 130

Economics Valuation Treasury Forecasting 130

PYMNTS

MAY 11, 2020

The bill encourages digital currencies use, meaning that the funds could be disbursed using a central bank-backed digital currency,” the report states, adding, “It is unlikely that the Fed may embrace a digital currency during the pandemic, yet the idea of disbursing funds to digital wallets is more palatable.”.

Currencies 52

Currencies Treasury Compliance Banking 52

PYMNTS

NOVEMBER 20, 2018

in an effort to win contracts to engage in currency exchange operations for the government. Based on the indictment, the Justice Department contends that between 2008 and 2017 Gorrin was behind more than $150 million in bribes to officials in Venezuela’s treasury to gain the right to take part in currency deals.

Currencies 64

Currencies Treasury Accounting Banking 64

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. By and large, we are not yet in a ‘world of real-time treasury’,” Chakravarti said.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

Future CFO

DECEMBER 11, 2023

Beyond improving supplier relationships, and better control over working capital, other benefits include better security given the increased visibility of payment details, and improved ROI with the anticipated lowering of bank wire fees. Real-time payments also mean account balances stay up-to-date.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

APRIL 13, 2018

In Venezuela, the country’s digital currency will become legal tender for transactions in which government institutions are involved per a government proclamation, Bloomberg reported. The Next Web declined to post a link to the site out of security reasons, but it reports that the scheme hasn’t caught on. As of 10:00 p.m.,

Currencies 46

Currencies Treasury Securities Accounting 46

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Future CFO

AUGUST 24, 2020

There is no business continuity without secured liquidity and cash flow. Further uncertainty comes from capital markets, for example, currency exchange rates, interest rates and commodity prices; impacting near term liquidity situation. Application security remains at top of mind to combat increased risk of cybercrime from home.

SAP 40

SAP Treasury CFO Credit Risk 40

PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. with a flexible access to working capital financing instruments to the parties,” added Anna Sokolova, NLMK director for treasury.

Construction 43

Construction Banking Treasury Finance 43

PYMNTS

JULY 26, 2020

dollars that does not suffer from the delayed settlement and chargeback issues of traditional payment solutions, or the legal, accounting and tax issues of stablecoins,” the release stated. SPDIs may focus on traditional assets as well.” ” The state already had a reputation as a pioneer in digital financial transactions.

Planning 61

Planning Currencies Leverage Banking 61

PYMNTS

NOVEMBER 19, 2019

And then, for corporate treasury professionals, there are really bad days. In the latest Treasurer’s Need to Know series, Mark McNulty, who serves as managing director, head of clearing and FI payments at Citi , told Karen Webster that security must always be top of mind. There are bad days. The Two Categories of Risk.

Treasury 40

Treasury Communication Prioritization Securities 40

PYMNTS

JULY 7, 2020

Treasury Department’s financial crime unit has alerted financial institutions (FIs) about imposter scams arising during the COVID-19 pandemic. . Criminals use social media accounts, door-to-door collections, flyers, mailings, telephone and robocalls, text messages, websites and emails, mimicking legitimate charities and nonprofits.

Nonprofit 52

Nonprofit Communication Healthcare Treasury 52

PYMNTS

OCTOBER 23, 2019

Zuckerberg said in his opening remarks that those who do not have access to bank accounts “could through mobile phones, if the right system existed.” By afternoon, it was unclear just how Libra might help solve that problem, as some lawmakers noted that citizens who lack bank accounts may not actually trust banks. The Crime Factor.

Currencies 40

Currencies Advertising Treasury Accounting 40

PYMNTS

OCTOBER 23, 2019

Zuckerberg said in his opening remarks that those who do not have access to bank accounts “could through mobile phones, if the right system existed.” By afternoon, it was unclear just how Libra might help solve that problem, as some lawmakers noted that citizens who lack bank accounts may not actually trust banks. The Crime Factor.

Banking 40

Banking Currencies Advertising Treasury 40

PYMNTS

FEBRUARY 15, 2019

The currency isn’t going to work,” the executive said. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”. It is a digital coin, representing United States dollars, held in designated accounts at JPMorgan Chase N.A. dollars from JPMC.

Currencies 73

Currencies Banking Valuation Treasury 73

PYMNTS

JUNE 25, 2019

Umar Farooq, the head of digital treasury services and blockchain at the company, said the firm will run a pilot of the coin with select customers near the end of 2019, if regulators allow it. Many clients are interested in the coin’s ability to potentially speed up bond and securities transactions.

Treasury 51

Treasury Banking Accounting Planning 51

Musings on Markets

MARCH 19, 2022

Russia was also a leading exporter of these commodities, with a disproportionately large share of its oil and gas production going to Europe; in 2021, Russian gas accounted to 45% of EU gas imports. Ukraine is also primarily a natural resource producer, especially iron ore, albeit on a smaller scale.

Economics 100

Economics Valuation Treasury Forecasting 100

PYMNTS

FEBRUARY 15, 2019

Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials. Department of the Treasury ’s Financial Crimes Enforcement Network (FinCEN) has known about the BEC, and has cautioned against opening such phishing emails. As reported, the U.S.

Compliance 49

Compliance Auditing Treasury Banking 49

PYMNTS

MAY 17, 2018

Separately, the European Central Bank , based in Frankfurt, Germany, has said that it chose Openlink to provide the bank’s risk and treasury management system. The bank serves 19 European countries, it said in a statement, with the Euro as their currency. In addition, the company has partnerships in place with several banks.

Banking 43

Banking Accounts Payable Treasury Currencies 43

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. DadeSystems. That’s what he said the startup aimed to create in its mobile tool for corporate deposits.

Startups 43

Startups Compliance Accounts Payable Invoicing 43

Future CFO

DECEMBER 7, 2020

Teoh shared with us her thoughts on some of the gender-related challenges at work and how to overcome them, advice on how to deal with the new normal as a finance executive, and how she reimagines borderless digital currencies as a “point junkie”. Or is it an issue in the finance and accounting profession in general in Malaysia?

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Finance 52

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. DadeSystems. That’s what he said the startup aimed to create in its mobile tool for corporate deposits.

Startups 40

Startups Compliance Accounts Payable Invoicing 40

PYMNTS

APRIL 27, 2016

Treasury Department announced plans for more inclusive representations of note-worthy (pun intended) Americans on the $5, $10 and $20 bills, there were rumblings that some other denominations of currency should perhaps disappear altogether. Meeting that obligation, however, requires a bank account. But just as the U.S.

Currencies 41

Currencies Treasury Compliance Banking 41

PYMNTS

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.

Treasury 76

Treasury Banking B2B Reconciliations 76

PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. That included security reviews and audits. bank account simply using a debit card. Holy Siberia, Batman.

Currencies 42

Currencies Auditing Finance Economics 42

PYMNTS

MAY 25, 2017

For Earthport, for example, she called out the international focus on payments done on an international scale, with high-volume and low-value transactions as a key area of expertise, “expanding across different countries and territories and currencies.”. I’ve always talked about the ACH Network as ‘skinny,’” Estep told Webster. “We

Construction 46

Construction Treasury B2B Currencies 46