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Foreign Exchange

Review of developments in payment systems 2010: Mass payments and collections

Over the past 12 months companies have continued to centralize and automate their mass payments and collections, producing considerable cost savings and improvements in both efficiency and control. Banks have continued to bring their services together to provide more complete solutions for mass payments and collections. Lesley White, head of ICM EMEA at RBS, explains, "More than ever, corporates want visibility and control over their entire working capital cycle. We’re building innovative, integrated solutions – connecting e-invoicing, supply chain finance and payments processing, for example – that enhance end-to-end processing for our clients."

Companies and banks are now concentrating on improving the level of straight-through processing in all transactions.

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