From the category archives:
Last Thursday evening I attended a superb mobile payment panel organized by mPayConnect and co-hosted by the Wharton and Harvard MBA alumni associations at the Wharton West campus in San Francisco. The evening’s topic was From Afghanistan to Silicon Valley: Mobile Financial Services for the Next Billion Customers. Menekse Gencer of mPayConnect moderated and brought [...]
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In just 30 days, on September 18th, the new International ACH format – IAT – and accompanying NACHA rule changes go into effect. This is the most significant change to the ACH network in decades, affecting corporate payment initiators, financial institutions of all sizes, financial software companies, and payment service providers. The new rules have [...]
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GTNews – the go to source for global treasury news – is soliciting questions about SWIFT connectivity for Corporates. If you’ve been meaning to learn more, go to the GTNews home page and navigate to the blue box on the bottom right.
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Editor’s Note: This is one of a pair of ACH commentaries that we are publishing today on Payments Views. Be sure to also read Carol Coye Benson’s post “ACH: Big Questions for the Biggest Network” based on her recent interview with NACHA CEO Jan Estep.
I recently presented to TAWPI’s Payments Capture and Clearing (PCC) Council [...]
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Glenbrook’s Carol Coye Benson and I discussed B2B payments with Kevin Phalen of Bank of America this last week. Kevin is an Integrated Debt and Treasury Solutions Executive and joined the bank nine months ago, having previously held positions at JPMorgan Chase, First Data Corporation, MasterCard International, and Sears Credit.
Not surprisingly, Kevin’s outlook for electronic [...]
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Recently a number of ecommerce merchants and traditional companies have asked us, “Can I just outsource ALL of my payment processing? I’ve had it!”
At first we suspected that these requests were driven by PCI compliance concerns. As it turns out that’s only a small part of the motivation.
Companies are reacting to ever increasing payment [...]
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Today at the monthly San Francisco Treasury Management Association luncheon JoAnne Tillemans, of Avalon International Strategies discussed how recent market gyrations have impacted FX hedging strategies. She shared some war stories and offered guidance to a mixed audience of cash management bankers and corporate treasurers. There was a fair amount of discussion among what is [...]
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On Friday, NACHA announced a six month extension of the deadline for International ACH Transactions (IAT) from March 2009 to September 2009. Many smaller banks were caught by surprise by the changes necessary to support IAT. Although software vendors are prepared to make the necessary changes available in upcoming releases and many banks outsource their [...]
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According to Bank Technology News, SWIFT has opened an office in San Francisco (at the base of California Street) to better serve its 160 customers and potential customers on the West Coast.
Welcome SWIFT!
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The SWIFT Rulebook for ISO 20022 Corporate to Bank standards has been available since mid-May and is published here. The Rulebook is step 3 of a four step process to facilitate standards implementation in order to support banks and corporates attempts to automate payment initiation and tracking.
Step 1: Common Development (details here)
Step 2: Common Interpretation [...]
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A couple articles of interest at GTNews this week:
Payments in Need of StandardisationJonathan Williams, Experian PaymentsCorporate treasurers are facing pressures to consolidate and standardise their processes – how can they balance these requirements?
SEPA Security – Lessons Worth Learning from the PastSteve Brunswick, Thales e-SecuritySEPA security should not be regarded as a daunting task but instead [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
Remittance Standards for Wire Payments [NACHA Payments]Hank FarrarSenior Vice President, CHIPSLauren HargravesSenior Vice President, Federal Reserve Bank of New YorkJames WillsBusiness Manager, Standards, SWIFT
Synopsis from Conference Program
Three payments industry utilities have teamed up to foster discussion and action [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
The Return of The XML All-Star Team [NACHA Payments]
Susan Colles CPA, CBASenior Vice President, Bank of AmericaRobert Blair CCMVice President, JPMorgan ChaseSusan BoeriManager, Treasury Services, GE Corporate TreasuryFred Laing, II AAP, CCMPresident, Upper Midwest ACH AssociationLeonard SchwartzDirector, ABN [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
The Global Reach of Remote Deposit Automation [NACHA Payments]
David L. PetersonExecutive Vice President, Goldleaf Financial SolutionsTodd McGuireSenior Expert, Global Concepts/McKinsey
Synopsis from Conference Program
Remote deposit capture has not only eliminated geographic boundaries within the U.S., but has also leaped [...]
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[This is just one of my series of posts from the NACHA Payments 2008 conference in Las Vegas.]
OB10 – ERP and FI Agnostic Global eInvoicing [NACHA Payments]
OB10 is a well established buyer-centric eInvoicing solution, but they are in the process of reaching
out to AR as well as AP to offer ERP agnostic, electronic payment [...]
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Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
Headlines from Payments News
