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Virtual Account Management: the minimum viable proposition
When it comes to corporate liquidity and treasury management, the banks I’m talking to all seem to have one thing in common. The need for speed. Whether they are offering in-house banking facilities to medium-sized corporates. Or a client money proposition. Or an ‘on behalf of’ set-up for payments or receivables. Banks want to move fast [...]
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US Payment System: Federal Reserve report urges US faster payments
In early 2015, the Federal Reserve issued the Strategies for Improving the US Payment System paper that outlined the collective thinking of US payment system stakeholders and the Federal Reserve on desired outcomes for improving the US payment system. The desired outcomes include improvements in speed, security, efficiency, cross border payments, and industry collaboration. This [...]
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US payments study highlights strong trends in card use
From 2012 to 2015, credit and debit (including prepaid and non-prepaid) card payments continued to gain ground in the US payments landscape, accounting for more than two-thirds of all core non-cash payments in the United States, according to a Federal Reserve study of US non-cash payments. Automated clearinghouse (ACH) payments grew modestly over the same [...]
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UK payments industry going through biggest shake-up in a generation
The UK payments industry is about to see its biggest change in a generation according to the Payment Systems Regulator (PSR). The comments come as the Payments Strategy Forum, a... more
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UK payments industry going through biggest shake-up in a generation
The UK payments industry is about to see its biggest change in a generation according to the Payment Systems Regulator (PSR). The comments come as the Payments Strategy Forum, a body of experts set up by the PSR, published its Final Strategy for overhauling the current payment systems and putting the interests of those that [...]
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