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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. That’s not just about the payment but the entire function, from invoice receipt all the way through payment and on to reconciliation.”

Regional 214
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Volante Technologies Accelerates Market Convergence For Santiago Exchange

PYMNTS

Cloud payments and financial messaging provider Volante Technologies Inc. is accelerating market convergence for the Santiago (Chile) Exchange (Bolsa de Santiago), according to a Wednesday (Dec. It would be challenging to choose one reason why payments modernization is currently speeding up. 9) announcement emailed to PYMNTS.

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Demand For Faster Payments Skyrockets

PYMNTS

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. Congressional Research Service projects that the pandemic could reduce global trade by anywhere from 13 percent to 32 percent,” according to the May Faster Payments Tracker.

Payments 344
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How Payments-As-A-Service Can Modernize Banks' Payment Processes

PYMNTS

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. The continued acceleration of digital and mobile payments affects both domestic and international payments.”. Expectations are changing, too.

Payments 229
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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Barnett brings to his new role a deep understanding of emerging payment technologies and 20-plus years of retail banking and payments industry experience, per the announcement.

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Following Brexit, N26 Will No Longer Operate In The UK

PYMNTS

FinTech bank N26 , based in Germany, will no longer operate in the U.K. The timings and framework outlined in the EU Withdrawal Agreement mean that the company will, in due course, be unable to operate in the U.K. There’s also competition in the region from other banking startups like Monzo, Starling Bank and Revolut.

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Mastercard Adds A2A Capability For Track Business Payment Service

PYMNTS

Mastercard has added a new Account-to-Account (A2A) service to its Track Business Payment Service , to help businesses exchange data more efficiently and perform payments across multiple rails, a press release says. and will be available in all regions by the end of next year, the release says.

Payments 204