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Global non-cash transaction volumes set to hit 1.3 trillion in 2023

Future CFO

The current model of tackling cash management services needs an overhaul, said Jeroen Hölscher, Global Head of Payments Services at Capgemini. Corporate executives are feeling the pressure from mounting inefficiencies across lengthy cash conversion cycles, he pointed out. At a regional level, digital payments will grow by 19.8%

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HSBC Launches APIs, Developer Portal For PSD2

PYMNTS

The developer sandbox also enables developers to access mock data from HSBC retail and corporate payment accounts in compliance with PSD2 , the company noted. The solutions can integrate with data held by HSBC, with account information, payment initiation and funds confirmation the focus of the APIs.

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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

Peter Hazlehurst, CEO of Synctera, tells Karen Webster that Synctera is a next-gen banking-services platform that facilitates FinTech scale by enabling banks to leverage their current compliance and account-servicing capabilities in new ways. Retail Will Play Major Role In Vaccine Distribution. Trackers And Reports.

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Banks Dreading The Real-Time Payments Challenge

PYMNTS

According to Dion Global Solutions , which provides banks with software to maintain compliance with regulations like PSD2, FIs aren’t exactly ready for this next phase in payments speed. ” Plus, the path to compliance won’t end for banks once they integrate real-time payments capabilities into their offerings.

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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

A few weeks before the CCC issued its final licenses, GFA Federal Credit Union of Gardner, Massachusetts, announced it would be willing to work with legalized marijuana businesses, extending financial services to the industry and providing marijuana retailers with the same financial benefits used by traditional businesses.

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Cannabis Shows Early Signs Of Late Supplier Payments Struggle

PYMNTS

Those pain points expand far beyond the retailer’s walls, too, as these businesses are forced to figure out how to utilize high volumes of cash to make payments to their B2B suppliers. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills.

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Weekend Reading For Financial Planners (Nov 5-6) 2022

CFO News Room

Notably, while an office of supervisory jurisdiction is subject to an annual inspection by the parent brokerage, the new RSLs would only be subject to examination once every three years (reducing the compliance burden on the brokerages, as a growing number of RSLs would expand the number of locations requiring inspections).