The Payments Association

JULY 18, 2025

Large organisations will face criminal liability if they fail to implement “reasonable procedures” to prevent fraud committed by employees, agents, subsidiaries or other associated persons where the intent was to benefit the organisation or its clients. Communicate changes, timelines, and benefits with EU clients and partners.

Regulations

Trade Credit & Liquidity Management

MAY 29, 2025

However, companies will need to update their systems and processes, including ERP and treasury management tools, that effectively handle these new structured data formats. For businesses, this means enhanced efficiency, lower costs related to payment failures, and stronger financial controls.

ISO 20022

Fintech Labs Insights

OCTOBER 28, 2024

Digital Banks: The New Wave Pros : Enhanced Digital Experience * More digital tools for conversing with customer service * Intuitive mobile and web interfaces * Real-time notifications and spending insights Quick Setup * Fast online application process * Digital identity verification * No need to visit physical branches * Rapid account approval (sometimes (..)

Small Business

The Paypers

JUNE 26, 2025

Following this announcement, the initiative aims to make it easier for investors to explore and invest in corporate bonds, Treasuries, and more. Morgan has announced the launch of new features, including a fixed income experience on the J.P. Morgan Self-Directed Investing platform.

Treasury

PYMNTS

JUNE 16, 2020

In a letter to Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza, several U.S. The letter said media reports indicated customers that had the most resources received access to a procedure that made sure their applications were handled first.

Procedures

PYMNTS

JANUARY 21, 2021

In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Biden’s Treasury Pick Yellen Leary Of Crypto. Plus, the chief of the CFPB stepped down at Biden’s request. Nothing proves a trend like data.

OCC

PYMNTS

OCTOBER 13, 2020

In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Morgan Chase ; and Brad Windbigler , head of treasury and investor relations at Western Union. Setting the Stage.

Treasury

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury

Fintech News

APRIL 7, 2024

With this license from one of the world’s most respected regulators, our clients should have even greater confidence in the rigour and quality of our standards, policies and procedures. The firm works closely with token issuers, institutional investors, miners, and key trading platforms.

Treasury Management

PYMNTS

DECEMBER 10, 2020

This lack of identity information is compounded by the weak KYC procedures of many cryptocurrency exchanges, with a recent study finding that 56 percent of all exchanges lacked sufficient KYC processes, many of which did so on purpose to avoid complying with AML regulations. or the U.S.,

AML

PYMNTS

MARCH 30, 2020

The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.”

CBDC

PYMNTS

DECEMBER 10, 2020

And since “U-turns” on real-time payments aren’t likely to happen, she believes that will lead to infrastructural and procedural ripple effects throughout the global payments industry. Prior to COVID-19 , she said the treasury had focused on lean operations, with little time allowed for deep dives to investigate other things.

Real Time Payments

Fintech News

FEBRUARY 14, 2024

The financing challenge is particularly pronounced for women-owned or led MSMEs (WMSMEs), hindered by barriers such as insufficient collateral and limited knowledge about loan application procedures. in Thai Credit Bank to Support Women-Led MSMEs appeared first on Fintech Singapore.

Financial Inclusion

Fintech News

MAY 23, 2024

#2 Bank of China Bank of China Ltd, established on February 5, 1912, is headquartered in Beijing, China, and provides banking and financial services across several segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others. 5 China Construction Bank China Construction Bank Corp.

Online and Mobile Banking

PYMNTS

JUNE 19, 2020

According to the announcement, “Acumen net eFX is an end-to-end solution for clients and sales desk promoting Banks’ Digital Transformation strategy, improving client experience and empowering treasury professionals with cutting-edge tools increasing client trades and productivity.

Risk Management

The Payments Association

OCTOBER 22, 2024

In January 2023, HM Treasury issued the “Payment Services Regulations: Review and Call for Evidence ” (“HM Treasury PSRs Review”). If the outcome of the HM Treasury PSRs Review has not been published, the FCA will now consult on its safeguarding proposals. The FCA says that segregation is used by more than 95% of firms.

Consulting

The Finance Weekly

MARCH 1, 2022

At this stage of maturity, the FP&A function or team is frequently a component of other financial entities such as accounting, treasury, or the finance function in general, with roles and responsibilities that are not clearly defined and processes that lack formal description.

Finance

PYMNTS

DECEMBER 17, 2018

Department of the Treasury, has assessed a $14.5 million fine against UBS Financial Services (UBSFS) for willful violation of the Bank Secrecy Act, according to a treasury report. The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. FinCEN said UBSFS kept up the lack of regulation for AML from 2004 to 2014.

Fincen

PYMNTS

NOVEMBER 10, 2020

The following Deep Dive explores the various automations businesses are deploying for their capital management needs as well as how such solutions can cut down on wasted funds and ease treasury professionals’ stresses. Each of these processes comes with unique challenges that can add up to cause headaches for treasury professionals.

Liquidity Management

PYMNTS

NOVEMBER 11, 2020

Automating capital management can keep organizations from scrambling for last-minute funding from banks to ensure there is enough cash on hand, thus limiting stress on treasury professionals and preventing excessive employee turnover.”. How big of a problem is manual data entry and processing?

Automation

PYMNTS

JUNE 29, 2020

Treasury Inspector General for Tax Administration raised questions over the business auditing performance of the agency. An October Treasury Inspector General for Tax Administration report contended that the agency was not effectively auditing companies subsequent to tax examination reform that was meant to speed up the auditing process.

Audit

PYMNTS

JANUARY 1, 2021

Treasury Department announced Wednesday (Dec. Treasury follows through with enacting the regulation after a comment period expires in the coming weeks, crypto exchanges will have to report transactions valued at $10,000 or more. Meanwhile, BitGo Inc. , If the U.S.

Bitcoin

PYMNTS

MARCH 9, 2020

As it stands, there is significant manual effort occurring in treasury departments where workers are engaged in the cash reconciliation process — receiving the payment, depositing it at the bank, and then updating the customer’s account. That procedure is all done manually, and it further creates problems amid a shift to electronic payments.

Treasury

PYMNTS

JANUARY 31, 2021

This will help in offering new levels of growth, a better client and colleague experience, and more streamlined procedures, the release stated. Previously, TD Bank’s Commercial division handled middle-market, community and small business lending, along with deposits, treasury management and point-of-sale (POS) solutions, the release stated.

Point-of-Sale (POS)

PYMNTS

DECEMBER 3, 2020

A number of people who own small companies indicated the loans served as a lifeline amid closures required by the government and social distancing procedures caused by the pandemic, according to WSJ. Borrowers can receive forgiveness if they satisfy some conditions. Since making its debut in early April, the PPP had a challenging time.

Small Business

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. Digital onboarding is more complicated for corporates than consumers.

Treasury

PYMNTS

MARCH 30, 2018

However, in some cases, complaints go unresolved to the satisfaction of the customer or cannot be dealt with by this internal procedure.”. Treasury Select Committee published its full report on the RBS case, with the committee’s Chair Nicky Morgan telling Reuters last month that RBS’ actions uncovered by the probe “are disgraceful.”.

Small Business

Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. Let’s get started.

Money Laundering

The Fintech Times

SEPTEMBER 13, 2024

Leveraging the ‘power of ecosystems’ Sean Coyne , solutions consulting principal, treasury and capital markets at Finastra , the financial software provider, explains that cloud-based solutions may be the correct way forward. “In such a fast-moving environment, the power of ecosystems cannot be understated.

Compliance

PYMNTS

NOVEMBER 6, 2020

These automation efforts come at a time when frustration with manual procedures is hitting a boiling point. Developments From Around The World of Back-Office Optimization. The study also found that only 18 percent of AP employees and 14 percent of AR employees anticipate any major digitization push in the near future.

Duplicate

The Payments Association

OCTOBER 23, 2024

In addition to updating policies and procedures, many firms may need to make significant operational changes, including to their funds flows. This will require the UK government to amend the PSRs and EMRs, and so is subject to a related review by the UK finance ministry, His Majesty’s (HM) Treasury.

Rules

PYMNTS

FEBRUARY 1, 2021

Many firms still have AR systems that require employees to juggle different software platforms and conduct procedures manually. . The pandemic has added heat to this fire, driving many firms harder to find quick-to-adopt options for digitizing their AR operations.

Payment APIs and Integration

PYMNTS

NOVEMBER 15, 2017

Department of Treasury, Wells Fargo failed to do so — or to do it in a timely manner — on 50 or more occasions between March 2012 and June 2013. . Wells Fargo is also required to review and upgrade its policies and procedures centered on reporting suspicious money laundering activities and must train its staff to respond appropriately.

Suspicious Activity Report (SAR)

PYMNTS

MAY 29, 2020

Those in charge of the program, the Treasury Department and the SBA, have not offered a complete picture of cancellations. SBA reports indicate $510.5 billion in the net amount of approvals on Thursday (May 28), which is roughly $2.7 billion less than that of the period ending May 16.

Small Business

PYMNTS

DECEMBER 31, 2019

Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Such procedures are also prone to human error, which can decrease customer satisfaction and affect vendor relationships. Manual processing challenges.

Process

The Payments Association

MAY 16, 2025

Applicable to large organisations, the offence imposes criminal liability if firms do not have adequate fraud prevention procedures in place, even if senior leadership is unaware of the misconduct. Assess how stablecoin acceptance will affect treasury management and FX exposure.

Regulations

PYMNTS

DECEMBER 28, 2020

The order-to-cash (O2C) process — which describes businesses’ end-to-end sales procedures from the initial presale activities to payment and invoice receipt — does appear to be shifting toward a new digital normal,” the new Playbook states.

B2B