Issuing payments at the initiative of the debtor. This is a service that allows companies to order a transfer to and from any account through a single interface, a website or a mobile application.
Issuing payments at the initiative of the creditor. This service allows the seller to request a transfer to the customer's own account. The transfer is conceived in this system germany email list as an action that requires validation by the customer, in addition to authentication by his bank.
Account aggregation. This is a service that aggregates information on balances and completed transactions from all of the company's accounts into a single interface (website or mobile app).
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In the very short term, companies will benefit from a deeply renewed range of payment solutions .
In fact, to encourage the fluidity of the European financial market and the competitiveness of the different continental players, the European Union will launch two significant reforms directly related to payment solutions:
The establishment of open banking
The systematization of instant payments within the SEPA area .
Banks, fintechs and regulatory bodies already have the capacity to implement these two new approaches in their daily processes.
The move to an open, real-time ecosystem is leading to three revolutions in payment solutions.
These are the three trends that will affect corporate treasury managers in the coming months:
Payments and collections in real time
Optimizing treasury management in a context where real-time management is becoming increasingly important
Fighting fraud and ensuring security in financial exchanges
The emergence of these new services means that companies can simplify their treasury management thanks to five factors:
Greater control over the issuance of flows, which is added to the possibility of issuing transfers immediately.
Streamlining debt collection by allowing both parties to initiate the action that triggers payment.
An improvement in real-time visibility, motivated by both the account aggregation service and the start of payments.
Greater integration of the payment chain, facilitating the implementation of digital services that provide added value in data processing and strengthen transaction security.
The possibility of collaborating with new financial partners, fintechs or banks.
Manufacturers of financial management solutions for companies are challenged to provide companies (their clients) with renewed functionalities and services, based on the new opportunities arising from the revolution in payment solutions.
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A post in which we tell you how payment solutions have revolutionized treasury management.
Treasury Management: What Corporate Treasury Managers Need
Treasury managers need mechanisms that allow them to benefit from new opportunities without losing control or putting the security of their organizations at risk.
It is worth clarifying that these are, in part, specific to each company.
However, we can highlight the most obvious ones:
An environment that facilitates and reinforces the visibility of the availability of liquid assets, in real time and within the chosen timeframes.
Ergonomics and mobility that facilitate the acceleration of flows . It would be absurd to be able to complete a transfer in 10 seconds and for the corresponding internal procedure to require 25 clicks.