Posts Tagged Remittance

My ‘out-of-band’ remittance experience

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 No Comments Full Story

The cheque is dead, long live the cheque

The cheque is dead, long live the cheque

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 No Comments Full Story