PYMNTS

JANUARY 8, 2021

In today’s top digital-first banking news, clients of BBVA subsidiary Simple Bank are reportedly getting emails telling them that Simple is closing and the intent is to move them to BBVA, while the Treasury Department announced that stimulus Visa debit cards are being mailed to homes. Fides Expands Connectivity for Finance Professionals.

Banking 57

Banking Treasury Valuation Economics 57

PYMNTS

APRIL 28, 2020

The Fed has been looking for help from investment, retail and reserve banks. Retail and hospitality lobbyists have expressed concerns that debt requirements are too constricting. Brainard also served under President Barack Obama as undersecretary of the Treasury for international affairs. billion in sales from 2019.

Banking 73

Banking Treasury Economics Retail 73

PYMNTS

JANUARY 18, 2021

This means treasury departments must have back-office integrations that can enable them to manage payments across various channels. It is important for businesses looking to understand the risks treasury departments face to identify and execute best practices.

Foreign Exchange 127

Foreign Exchange Treasury Risk Management Corporate Finance 127

PYMNTS

MAY 19, 2020

Amazon could be in talks to acquire the clothing retailer JCPenney, which officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Uber Refocuses Business, Cuts 3K Jobs.

Mergers and Acquisitions (M&A) 84

Mergers and Acquisitions (M&A) Treasury Retail eCommerce 84

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. Digital onboarding is more complicated for corporates than consumers.

Banking 52

Banking Treasury Compliance Numbers 52

PYMNTS

OCTOBER 20, 2020

Big business and big treasury banks don’t make big changes on a whim. And now the expectations of those large corporates that they're presenting to their treasury bank partners [is]: ‘Why can't we do this?’ We are seeing instant working its way to the last mile of that food chain — these big treasury banks.

Treasury 90

Treasury Banking Healthcare Technology 90

CFO Talks

FEBRUARY 10, 2023

However, Grobler tells CFO Talks that the move from an accounting, auditing business (Grobler did her articles at KPMG in Joburg) into the practicality of an operating business was more of a challenge. “In Fortunately, Grobler had gained insight in a previous role working for the local government on a National Treasury project. “I

Auditing 52

Auditing CFO Communication Treasury 52

Simply Treasury

JULY 12, 2021

Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. There has been an explosion of Fintechs serving retail and exceedingly small “SMEs” in the last decade. Number of fintech’s, but for whom?

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

JANUARY 23, 2020

“The challenge for the treasury manager is to be able to understand, right now, where all their cash sits across the various markets and time zones around the world,” he said. “Where is your cash right now, and is it in the right place? It becomes more difficult when your payment activity is driven by what your customers do.”

Banking 96

Banking Treasury Currencies Accounting 96

PYMNTS

APRIL 16, 2020

Treasury Department has started sending out the payments, but some individuals might have to wait weeks or months to get them through the mail, according to an announcement. They will then receive account information that can be used to update to their direct deposit information once enrollment is completed.

Treasury 94

Treasury Economics Accounting Numbers 94

PYMNTS

APRIL 29, 2020

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement.

Finance 57

Finance Accounting Standards Treasury B2B 57

PYMNTS

FEBRUARY 29, 2016

Recent data indicate that in the not-so-distant future, the retail marketplace will be employing far, far fewer people — if you live in the U.K. As of right now, retail employs about one-sixth of retail workers — or around 3 million people. These are the valleys to cross and the path through them needs to be charted with care.”.

Retail 40

Retail Treasury Budgeting Accounting 40

PYMNTS

JULY 28, 2020

This finding marked a big leap from the same period the prior year, in which CNP transactions accounted for 32.1 Department of the Treasury and IRS are switching gears to provide consumers with stimulus funds via prepaid debit cards rather than physical checks. Deep Dive: Why The Treasury Switched To Debit Card-Based Stimulus Payments.

Nonprofit 85

Nonprofit Treasury Leverage Economics 85

PYMNTS

JANUARY 15, 2021

The company offers automated accounting solutions, accounts receivable solutions like payment reminders and invoice generation, expense management and other tools for small and medium-sized businesses (SMBs) to manage finances. million only months after its previous funding round, according to Indian Retailer reports.

B2B 67

B2B Finance Treasury B2C 67

PYMNTS

MAY 27, 2020

Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds.

Banking 98

Banking Treasury Risk Management Securities 98

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The accounts are to be held by Evolve Bank & Trust.

Banking 89

Banking Treasury B2B Accounting 89

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management.

Banking 76

Banking Treasury Cash Management Accounting 76

PYMNTS

NOVEMBER 7, 2018

The move will enable the global retailer, which owns 70 luxury brands, including Christian Dior, Louis Vuitton, Bulgari, Fendi and Givenchy, to enhance the efficiency and traceability of its cross-border payments. LVMH Group plans to expand its SWIFT gpi implementation across its full cross-border payment network, which processes more than 1.5

Treasury 58

Treasury Reconciliations Leverage eCommerce 58

Global Finance

MAY 8, 2024

China and Environs China’s banks faced a challenging 2023 due to feeble retail and mortgage loan demand, policy initiatives directing cut-rate lending to strategic sectors, and dwindling NIMs, which fell 22 basis points (bps) over the year, extending 2022’s decline. per share for a record annual AU$4.50 Nepal’s Global IME Bank (GIB) serves 4.6

Banking 52

Banking Profit and Loss Construction Retail 52

CFO News Room

DECEMBER 10, 2022

What Types of Accounts are Best for Compounding? Banks Savings Accounts. Most savings accounts, money market accounts, and certificates of deposit earn compound interest. Treasury securities, municipal bonds, and bond funds. Taxable vs. tax-deferred vs. tax-free accounts. 3) Money Market Accounts.

Investments 130

Investments Accounting Treasury Construction 130

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.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

DECEMBER 4, 2020

Stripe will now offer its users — including new customer Shopify — a range of financial services in a new venture called Stripe Treasury. The offering works with Citigroup, Goldman Sachs, Barclays and other financial institutions, and includes offering debit cards and bank accounts. Fun, Cool And Otherwise Interesting.

Currencies 60

Currencies eCommerce Retail Treasury 60

PYMNTS

FEBRUARY 13, 2019

In a press release, Token said the hub connects merchants and retailers to financial firms in Europe so that they can access data and conduct payment transactions. According to a recent report from Centtrip, the treasury technology company, businesses in the U.K.

Treasury 77

Treasury Leverage Banking Securities 77

PYMNTS

FEBRUARY 10, 2020

Trade and treasury solutions provider BNP Paribas, for example, is profiled for its hearty embrace of APIs, especially when it comes to instant money uses. The benefits of APIs for instant payments [are] huge,” said Charlotte Hausemer, vice president of innovation and product management for trade and treasury at BNP Paribas.

B2B 59

B2B Treasury Banking eCommerce 59

CFO Talks

DECEMBER 8, 2022

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. Go to www.cfoclub.co.za Slotting into a family business wasn’t too difficult.

CFO 52

CFO Auditing Accounting Finance 52

PYMNTS

NOVEMBER 19, 2019

Last year, Wells Fargo introduced receiving payments over the RTP network for retail and wholesale customers. . Our customers want the ability to make immediate payments and receive timely confirmations to run their businesses more efficiently,” said Wells Fargo Head of Treasury, Merchant and Payment Solutions Danny Peltz.

Treasury 40

Treasury Banking Retail Accounting 40

PYMNTS

DECEMBER 4, 2020

Stripe announced Stripe Treasury on Thursday (Dec. 4), a new service that will offer debit cards, bank accounts and other financial services to online merchants and vendors using Stripe’s payment processing platform. Morgan analysts predict merger and acquisition deals to continue to surge through the holiday season.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Banking Valuation Treasury 61

PYMNTS

SEPTEMBER 18, 2018

When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. In turn, a company may receive a deposit in their bank account a couple of days later and have to pull the remittance information from the supplier site.

Banking 68

Banking Accounts Payable Treasury Invoicing 68

PYMNTS

DECEMBER 31, 2020

Fast-forward to the present, and Afterpay now counts more than 11 million active customers at 63,000 retailers – and most recently reported doing $2.1 JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty. billion in sales for the month of November alone. Is 2020 Healthcare’s Year To #KillTheCheck?

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

FEBRUARY 12, 2019

The national system for people to have access to their cash via machines is basically broken,” said Nicky Morgan, chair of Parliament’s Treasury Select Committee, according to Reuters. declined 1 percent in 2017 and accounted for just 22 percent of purchases in 2018. Reuters , citing lawmakers and regulators in the U.K.,

Treasury 43

Treasury Retail Accounting 43

PYMNTS

DECEMBER 14, 2018

The company’s technology automates the aggregation and normalization of financial data in real time, across bank accounts and other financial portals, via open banking and application program interface (API) technologies.

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

DECEMBER 9, 2019

Beyond the government embrace, wrote Reid, there must be global reach in the payment market, which means alliances must be forged with what the report termed “key stakeholders — mobile apps such as Apple Pay, Google Pay, card providers such as Visa and Mastercard, and retailers, such as Amazon and Walmart.

Banking 52

Banking Currencies Treasury Accounting 52

PYMNTS

DECEMBER 9, 2019

Beyond the government embrace, wrote Reid, there must be global reach in the payment market, which means alliances must be forged with what the report termed “key stakeholders — mobile apps such as Apple Pay, Google Pay, card providers such as Visa and Mastercard, and retailers, such as Amazon and Walmart.

Banking 52

Banking Currencies Treasury Accounting 52

PYMNTS

NOVEMBER 16, 2020

As noted in this space , the entity fashioned by the merger would take its place as the fifth largest retail bank in the country, and with a presence that spans 24 states, and with a combined asset base of about $560 billion. To that end, Spanish financial firm BBVA said it would sell its U.S. billion in an all-cash deal.

Mergers and Acquisitions (M&A) 75

Mergers and Acquisitions (M&A) Banking Profit and Loss Strategic Planning 75

PYMNTS

MAY 11, 2020

The latter manages Direct Express, the Fed’s electronic payment system under which Comerica Bank “acts as the Treasury Department’s financial agent for prepaid debit cards,” according to PYMNTS reporting. The Visa Direct push payments service is likewise an option to disburse PPP funds and other financial relief. “Our

Currencies 52

Currencies Treasury Compliance Banking 52

PYMNTS

AUGUST 12, 2019

The scheme apparently unfolded the way many BEC scams do — with a fraudster posing as a legitimate vendor, and where payments had been wired into scammers’ bank accounts. Department of the Treasury, has estimated in recent weeks that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016.

Auditing 59

Auditing Invoicing Accounts Payable Treasury 59

Future CFO

DECEMBER 11, 2023

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

Banking Finance CFO Leverage 98