Medius, a leading provider of accounts payable (AP) automation solutions, today announced the acquisition of OnPay Solutions, an invoice payments provider, for an undisclosed sum. The deal will enable Medius to integrate payment processing – AP automation’s ‘last mile’ – directly into its source-to-pay platform, enhancing its customers’ operational efficiency and strengthening their anomaly, fraud and
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Finance transformation leaders struggle with identifying and implementing the improvements that will have the biggest impact given scarce and limited resources. This free webinar will help finance leaders gain a clear understanding of what needs to be in place to achieve finance process excellence through technology driven process improvement. Read More
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Leading global employee pay provider CloudPay today announced a new partnership with Visa to reduce payroll payment cycles that typically take 2-3 days through banking systems, down to seconds. The new digital payment method makes salary payments direct to employees’ debit or credit cards using Visa Direct, Visa’s real-time push payment platform. Visa Direct leverages the payment
TrueLayer partnered with Edgar Dunn & Company to examine the rise of alternative payments in the UK and Europe. In 2021, credit and debit cards made up 41% of all ecommerce payments. By 2026, they’ll make up 33%. Instead, more shoppers will choose to pay online by bank transfer, digital wallet, or, through a Buy
The tax authorities may allow businesses to pay tax on lessor income than the income booked in the statement of comprehensive income, which leads to lower taxable profits. In our previous article titled “difference between accounting and taxable profits”, we established that the difference between accounting and taxable profits could be of permanent and temporary
With more than 200 million retail customers and 600 million users to its internet services, the way Ping An works is explained here. It’s a destination that is striving to be the one single space that can meet all its users’ financial and healthcare needs.
Small businesses depend on financial intermediaries like banks to manage their money and facilitate wire transfers to pay their workers, suppliers, and manufacturers overseas. In turn, banks use SWIFT to process most of these cross-border payments between firms banked in different countries. This article lists what you need to know about the SWIFT messaging system.
Every so often, Jenny Redes gets a call from an employee who has recently discovered their pay stub. They typically have questions about what all the various numbers mean, and the human resources professional says that’s understandable. “It’s a lot of information,” says Redes, a Society for Human Resource Management certified professional and human resources
