Category: Global Payments

Business-to-business cross-border payments: Do new initiatives fix corporate problems?

Cross-border business-to-business (B2B) payments have always been troublesome for businesses involved in foreign trade. Core issues around timing, certainty, cost and visibility mean there should be a healthy market for alternatives to using your bank’s vanilla international payment service, but none have captured significant share of the market.

Recently a plethora of new initiatives and solutions have come to market, but how does a corporate choose? What factors are in play?

Swipe Right or Left: Making the Right Business Choice with So Many Payment Options

Business payment innovations provide many more choices for businesses and a significant opportunity to drive down costs, generate additional revenue streams and strengthen vendor relationship by enhancing end-to-end payment processes. Why then is the corporate payments landscape still dominated by payment instruments that were introduced many years ago? Complexity. With many choices comes much confusion — but it’s time for that to come to an end.

Open Banking: A New Era of Payment Innovation

Open Banking will change the way payments are managed, not just in the UK but around the world. The objective is to improve competition and innovation in the payment industry, which reinforces the UK’s position at the forefront of payments. This is great news for consumers and businesses of all sizes for whom payments will become easier, more secure, and with an improved user experience.

Ring-fencing: How will it impact UK banks and their corporate customers?

Ring-fencing is a new regulation that requires the largest UK banks to separate their core retail banking services from their investment banking and international banking activities.

The changes this shift will require, impacting many customers whether they are businesses, consumers or indeed other banks, are numerous and complex to say the least.

Ask the Experts: Same Day ACH Phase 2 — Obstacles and Opportunities

Phase two of same day ACH is upon us, which means that Receiving Depository Financial Institutions (RDFIs) now need to allow for debit transactions designated as Same Day ACH to be processed and funds made available by the end of the RDFI’s business day.

While this new functionality allows for access to funds much more quickly than ever before, it also introduces a whole host of potential security concerns that need to be addressed.

The House of Cards Guide to Creating an Effective Payment Strategy

“You build your future. It isn’t handed to you.”

That’s what Francis J. Underwood, the ferocious political titan from House of Cards, would say about devising an effective payment strategy that promotes your business’s success.

He’s right. Success doesn’t just materialize. It takes hard work, dedication, and most importantly, a certainty that every single aspect of your business is working as effectively as possible.