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RT2: A strategic transformation for UK payment providers

The Payments Association

The adoption of common messaging standards and enhanced interoperability lays the groundwork for greater resilience, including potential future capabilities to route transactions through alternative channels without compromising data integrity or reconciliation processes.

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The Business Case for Absolute Crypto Theft Protection.

Finextra

It provides absolute peace of mind against: Private Key Compromise: If a users private key is compromised (e.g., Device Compromise: Protection if the device storing the wallet is lost or compromised. to a centralized exchange, another personal wallet, or for payments), this solution is extremely attractive.

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PNC Bank Tests CNP Fraud Solution For Commercial Cards

PYMNTS

PNC Bank’s Treasury Management unit is testing a new solution to address card-not-present (CNP) fraud for commercial clients. ” PNC Treasury Management added that the solution does not require a change in buyer behavior. The company said in a press release Wednesday (Nov. “Almost all U.S. ”

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Treasurers Begin Exploring New Open Banking Opportunities (And Risks)

PYMNTS

Large corporations are often home to their own troves of valuable — yet difficult to reach — data, thanks to a back-office landscape of multiple ERPs, accounting systems, treasury management and cash management platforms. According to Gullers, treasurers typically access that data via the SWIFT network.

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Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. BioCatch pointed to this risk in its blog post, too.

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CFOs Failing Their Boards In Fraud, Risk Management

PYMNTS

Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors.

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Corporate Finance Figures On The Up

PYMNTS

CHAPS payment scheme in 2015 , and the infrastructure is used primarily for corporate treasury payments , according to the latest data from UK Payment Markets 2016.The Bangladesh Bank was previously thought to be the only bank effected, when cyberthieves stole $81 million by compromising the SWIFT software.