Posts Tagged Payments
Matthew Dragiff’s blog, The Remittance Data Transport Conundrum for Banks, on Finextra was great and prompted me to record some more thoughts on remittance data from a corporate perspective - Matthew's Blog
He raises some great points about what happens to remittance data when it enters the bank payment system in a standard message type, one capable of holding the extended remittance information generated by the corporates accounting system.
If the bank has adopted such a remittance base
September 30, 2011
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So it really does look like that wonderful financial instrument the cheque will be with us for some time. Good news and good sense.
The Payments Council continues to cite the decline in cheque volumes as requiring a re-think on their actual existence (seeking abolition). But those canny newly 'NOTW trained' MPs have picked up on the fact that there may just be a small conflict of interest within the Council's proposals.
The Council's composition is bank led and, since banks want
August 25, 2011
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As we stand today, there is no single Legal Entity Identifier (LEI) that can be used around the world to identify an individual or business. Here are some of the issues presented by its absence:
• A UK company registered at Companies House has a unique company number but a company registered in another country could easily have the same number; and
• UK citizen holds a unique National Insurance number but a citizen in another country could easily have the same number.
Therefore, when tr
August 2, 2011
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