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

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.

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B2B Banking Reconciliations Currencies 85

PYMNTS

NOVEMBER 16, 2020

In today’s top news in digital-first banking, Mastercard has added a new account-to-account (A2A) product to its Track Business Payment Service, while Recognise has received a restricted banking license from U.K. UK's 'Recognise' Gets Its Restricted Banking License. banks was $755 billion, down $100 billion from pre-COVID.

Banking 52

Banking Reconciliations B2B Currencies 52

PYMNTS

MARCH 16, 2020

Buyers will be able to pay suppliers in their own countries’ currencies with ease, according to the release. In addition, the deal will allow better reconciliation of payments with the matching invoices. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

PYMNTS

FEBRUARY 28, 2020

As such, B2B FinTech firms continue to embrace collaboration and data integration between each other, particularly as the financial services world at large continues its migration toward unlocking data in an Open Banking framework. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

APRIL 29, 2019

Travel payments optimization company Ixaris announced a new partnership with financial service infrastructure company Banking Circle to streamline cross-border payments for the travel industry. Banking Circle was previously owned by Saxo Bank, which divested the unit last year and sold it to investment firm RQT.

Banking 51

Banking Reconciliations B2B Currencies 51

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. The virtual account solution is currently available for clients across Western Europe, supporting 16 jurisdictions and 37 currencies.

Accounting 75

Accounting Reconciliations Treasury Currencies 75

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.

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Treasury Currencies Invoicing Cash Management 117

PYMNTS

JULY 27, 2020

Bitcoin, Ethereum and Dash are among the new crypto options for A1 Payment users, and they can be converted into euros in real time at the cash desk, according to the release, with no exchange rate or currency risk present. She said the Corda process has shortened that down to just one day to complete a reconciliation.

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Reconciliations Currencies Banking Numbers 55

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. API’s have shown the use banks and corporates can make out of them. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers.

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Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. But adopting a digital currency to operate across blockchain could offer even more benefits to India. Industry stakeholders seem to agree with the RBI’s conclusions.

Banking 45

Banking Currencies Reconciliations B2B 45

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

DECEMBER 15, 2020

Increasingly, those value-added services are not only focusing on speed of payment, but also enhancing the data that end-users can access about their transactions, with new solutions from Bank of America and Scotiabank some of the latest to bring real-time rails to corporates. Bank Of America Wields SWIFT gpi.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

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.

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Reconciliations Currencies Accounting Banking 60

PYMNTS

JANUARY 20, 2021

Payments have typically been the exclusive domain of banks, card issuers and FinTechs — distinct from a product or service offering and usually requiring distinct motions for both the buyer and seller to complete a transaction. But that is changing — slowly but surely. It doesn’t have to be complicated, though.

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B2C B2B Currencies Invoicing 70

PYMNTS

JULY 30, 2019

Founded in Nigeria, Flutterwave is a a payments API that makes it easier for banks and businesses to process payments across Africa. Nigerians will now have the convenience of being able to make digital, cross-border payments in their local currency, through eBank transfers, credit/debit cards, and mobile payments.

Foreign Exchange 76

Foreign Exchange Reconciliations Healthcare Education 76

PYMNTS

SEPTEMBER 5, 2019

By simplifying payment tracking and reconciliation, TRUE North’s education institutions can free up valuable financial and administrative resources.”. With a choice of over 70 local currencies and multiple payment methods, the solution offers users options and flexibility.

Education 61

Education Reconciliations Currencies Leverage 61

PYMNTS

OCTOBER 8, 2018

TransferMate, which is partly owned by AIB and ING Group , has built one of the largest portfolios of payment licenses in the world, partnering with banks, FinTech firms and software providers to offer its clients better exchange rates, lower bank charges and improved reconciliation.

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Reconciliations B2B Accounting Currencies 69

PYMNTS

JUNE 17, 2020

Once booked, the trip can be paid for via the Expensify Card, with transaction details automatically captured for reconciliation and reporting. The Visa debit cards offer additional services, including purchase protection, while the bank is connecting SMB clients to its network of ATMs and cash deposit machines throughout the UAE.

Reconciliations 67

Reconciliations Accounts Payable Risk Analysis B2B 67

PYMNTS

MAY 5, 2019

In other news, Singapore’s Chief FinTech Officer of the Monetary Authority said that while blockchain has potential for cross-border payments, the agency “does not see much” in retail bank digital currencies. The design phase is underway, with testing to begin in Q2/Q3 2019.

Currencies 54

Currencies Reconciliations Healthcare Banking 54

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

MAY 20, 2019

dollars or in the customer’s local currency. TransferMate collects funds from customers located in over 50 countries around the world through local funds transfer in customers’ local currency. Global Invoice Connect provides electronic bill presentment in U.S.

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Invoicing Foreign Exchange Reconciliations Currencies 53

PYMNTS

FEBRUARY 16, 2017

Typically, Galit explained in a recent interview with PYMNTS, SMEs using software solutions without an integrated global payments technology have to exit that software platform and work with banks to somehow ensure payments are sent and received, creating headaches for accounting, reporting and reconciliation. “In

B2B 75

B2B Reconciliations Currencies Communication 75

PYMNTS

DECEMBER 12, 2019

APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently. Cincinnati-based Fifth Third Bank , for example, has been creating customized APIs for its vertical business customers. Making Money Faster with APIs.

B2B 52

B2B Accounts Payable Reconciliations Healthcare 52

PYMNTS

JULY 10, 2020

Nium then facilitates an electronic funds transfer to the supplier and can support either domestic transfers or cross-border transactions in the currency of an invoice. In addition to heightened visibility and access to reconciliation data, corporate cards connect businesses to a valuable line of credit.

Entertainment 80

Entertainment Accounts Payable B2B Reconciliations 80

PYMNTS

APRIL 14, 2020

In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

SEPTEMBER 18, 2019

17), the bank announced the development of its Wells Fargo Digital Cash, a service designed to allow financial institutions (FIs) to complete cross-border payment book transfers internally across its global network using digitized cash. dollars, though the FI added that it plans to expand the testing of this service to other currencies.

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Reconciliations Currencies Banking Planning 49

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. That starts to get expensive quickly,” he said.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

AUGUST 6, 2018

. ‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. With the integration, small businesses in the country can use direct debit to automate their payment collection and reconciliation processes. Plus, the bank would allow currency markets to open again. “We

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Banks have not historically focused on sophisticated, intelligence and automated FX management products, instead choosing to differentiate themselves from the competition by offering lower costs. China trade wars.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

APRIL 30, 2018

All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. In addition, it will decrease manual reconciliation costs. It’s expensive and time consuming. xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before.”.

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Reconciliations Currencies Marketing Banking 70

PYMNTS

NOVEMBER 20, 2018

Banking technology provider Cashplus is introducing a new application program interface (API) designed to allow small and medium-sized businesses (SMBs) to make mass payments to their vendors simultaneously. A press release Monday (Nov. 19) said Cashplus, based in the U.K., The Payments API is rolling out ahead of the U.K.’s

Reconciliations 43

Reconciliations Currencies Accounting Banking 43

PYMNTS

MARCH 20, 2018

Flywire, a provider of global payment and receivables solutions for education, healthcare, and business, announced Tuesday (March 20) that it has inked a new deal with Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa. during the 2016-2017 school year.

Foreign Exchange 51

Foreign Exchange Healthcare Education Reconciliations 51

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed. As he discussed, banks must look beyond speed to find the value proposition.

B2B 104

B2B Reconciliations Risk Management Compliance 104

PYMNTS

DECEMBER 15, 2017

It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

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Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

MAY 18, 2017

Banks are set up to help corporations and individuals send money to various countries, and for corporates, there is choice: There are alternatives to the banks that promise to help send money more efficiently. to Spain or Japan … the customer now has options to pay using a bank transfer, local currency or credit card.”.

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Invoicing B2B Reconciliations Currencies 59

PYMNTS

JUNE 21, 2017

It’s this inability to communicate that is causing connections to fall apart through the lifecycle, from initiation at the point of sale to back-end reconciliation. Treating points as a currency at the physical point of sale is a totally different transaction with settlement that can be all over the map,” Parker said.

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Reconciliations Communication Currencies Sales 65