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While the benefits of commercial cards cannot be understated, actual implementation is easier said than done. The canny treasurer will have to negotiate everything from supplier scepticism to lack of management support
Cash forecasting is one of corporate treasury's major pain points. HSBC is now developing products that aim to eliminate all paper-based requests linked to corporate card spending
A representative of FIS, the largest fintech in the world, discussed prevailing trends in the world of payments relevant to B2C and B2B industries at a roundtable in Hong Kong earlier today.
Cryptocurrencies have raised hopes that paying for goods and services across borders will one day be as simple as making domestic payment. Will reality one day meet expectations?
Due to a lack of pre-payment control, demand for using credit cards for procurement purposes is still very low. However, recent developments in Australia could change all that.
Blockchain is the buzzword of the moment in the financial and tech worlds, but how will the technology be implemented?
The development of the AEC is exciting, but many areas – particularly services and
finance – will remain heavily protected.
As more consumers feel at ease paying for goods online, treasury departments need to safely support e-commerce digitally.
Although Australian banks are introducing their own tech solutions, start-up digital players are making inroads with the help of a new government-backed incubator.
Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.