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ESG-Linked Payments in Transaction Banking

Finextra

Real-time tools measure a transaction’s carbon footprint so payers can offset emissions or earn “green points” at checkout. Thus, ESG-linked payments can turn treasuries into sustainability engines, embedding impact and rewards in every transaction. Banks and Fintechs now add sustainability scores to every payment.

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Federal Payments Go Digital

Trade Credit & Liquidity Management

Treasury Department, aims to transition all federal payments, such as Social Security benefits, tax refunds, and vendor payments, to electronic methods like ACH transfers. In its formal comments , Nacha highlighted several key benefits: Cost Savings: In 2024, the Treasury issued about 36 million paper checks.

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Citi Expands Reach Of AR Solution Payer ID

PYMNTS

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. 6) that Payer ID is now available in 44 countries, as Citi brings the B2B payments tool across North America and Western Europe. The financial institution (FI) announced news on Monday (Nov.

Payer 48
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How Transforming Treasury Banks Helps Corporates Transform, Too

PYMNTS

The pandemic has spotlighted the inefficiencies among payers, receivers, chief financial officers (CFOs), financial institutions (FIs) and others that had been simply accepted as the cost of doing business in simpler, steadier times. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union.

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Finserv Players Multitask With B2B Billers And Payers

PYMNTS

Bank introduced a new eBilling tool also designed both for billers and payers. Designed to take the guesswork out of AP, Bank of America’s new Accounts Payable Optimization solution is certainly marketed as a tool that reduces friction for corporate payers. Bank Targets Both Billers and Payers. Finally, U.S.

Payer 40
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HM Treasury Advisory Notice: NEW High Risk Third Countries List!

Finextra

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulatio.

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Citi Virtualizes Accounts For Corporate Treasurers

PYMNTS

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. “API-based integration is one of the biggest topics across the industry,” said Naveed Sultan, the bank’s global head of Treasury and Trade Solutions, in a statement at the time. .”