Tele2, the telecoms company is in the process of implementing the IT2 Treasury Management System—offered through OpusCapita. The company will use it to increase automation across the treasury function and run its in-house bank. Treasury service provider OpusCapita is partnering with IT2 Treasury Solutions to offer the best-of-breed treasury management system to its clients. IT2 offers most functionality via SaaS but also is known for its server-based high-end functionality.
Porsche is looking to Deutsche Bank to provide payments, collections and remittance solutions for its Middle Eastern and African operations, making use of the bank’s electronic banking platform for transaction processing and real-time status monitoring.
Royal Bank of Scotland (RBS) will use Experian’s global payment validation and data conversion services to power its Single Euro Payments area (SEPA) solutions for corporates. The Data Conversion service will allow to quickly convert domestic bank account numbers into International Bank Account Numbers (IBANs)—which are required in SEPA rules.
The US Department of the Treasury Financial Management Service (FMS) and the US Navy have rolled out a new card program for navy fleet staff. The Navy Cash Stored Value Card (SVC) provides electronic cash management services to replace currency and coins aboard ship.
Sage Payment Solutions is partnering with Ingenico to offer a new payment and credit card solution for small and mid-sized companies. The solution will allow firms to integrate Ingenico’s payment terminals with Sage’s range of payment tools.