European treasurers join forces on Instant Payments

At the 2019 EACT Summit, some participants developed the idea to join corporate treasurers across the EACT members for a discussion on Instant Payments. And in June 2019 it took place: the French Association of Corporate Treasurers (AFTE) hosted the exchange on Instant Payments in Paris.

Under the broad title “Evolution of Instant Payment and implementation in the BtoB and BtoC worlds” the subject was taken from an introduction, set in context of the omni channel approach in BtoC and thorough information of European initiatives started by retailers, banks, vendors associated with corporates. The first session included keynote speakers from across Europe – e.g. from large corporates as IKEA, consultants as well as delegates from national associations, such as the German Association (Verband Deutscher Treasurer - VDT). The feedback from the audience was very positive as participants appreciated that this event offered high quality contents and an opportunity for them to learn, progress, share experiences and network!

Gregoire Toussaint (Edgar, Dunn & Company), Didier Cocheteau (Deloitte), Axel Schaefer (IKEA), Mario Reichel (PPI), Armelle Poulou (EDF) provided the input for the lively discussion of the new payment scheme that may even become the “new normal” for credit transfers if the discussed barriers and constraints (amount limit, corporate interfaces to initiate, notification services to work on incoming payments, 24/7 issues in systems, personnel and processes) in the context of several use cases are solved by common efforts of all stakeholders.

The event location at OpenMind Kfé Cléry indeed made a difference: the attendants felt more comfortable and at ease to exchanges, compared with traditional conference rooms. Merci beaucoup to the AFTE team in Paris making this happen.

The feedback to the event shows that it is highly appreciated when corporate treasurers are given opportunities to exchange on joint topics across borders. The EACT invites and encourages you to express / bring up ideas you would like to discuss with your EU fellow treasurers! Please contact the EACT secretary@eact.eu or your national treasury association.

Articles


Photo from Flying Start: Taming SITA’s Vast and Complex Payments Set-up

Flying Start: Taming SITA’s Vast and Complex Payments Set-up

Determined to bring order to its payments infrastructure, SITA called upon Unifiedpost, and its cloud-based PowertoPay corporate payments hub, for help.

Read
Photo from EACT Treasury Roundtable with Global Legal Entity Identifier Foundation (GLEIF) on use of the LEI in Treasury

EACT Treasury Roundtable with Global Legal Entity Identifier Foundation (GLEIF) on use of the LEI in Treasury

On 4 February the EACT and the Global Legal Entity Identifier Foundation (GLEIF) hosted a roundtable with a number of senior corporate treasury representatives to discuss how the LEI and the global system it is embedded in can simplify, secure, and digitise processes across treasury departments.

Read
Photo from Does a Health Crisis Have an Impact on Treasury Technology?

Does a Health Crisis Have an Impact on Treasury Technology?

The fundamental changes businesses are facing have inevitably impacted the way treasury is managed. Has the current health crisis had an impact on treasury technologies and the digital transformation of organisations?

Read
Photo from Regulatory Round-up with the EACT

Regulatory Round-up with the EACT

With the current European Parliament’s term running from 2019 to 2024, now is a good time to cast an eye over what is and what will be in terms of financial market regulations.

Read
Photo from From Bitcoin to Central Bank Digital Currency (CBDC)

From Bitcoin to Central Bank Digital Currency (CBDC)

In recent months, we have seen the first steps of concerted moves towards CBDCs. This change of attitude is welcome as it complements other private and public initiatives in the world of payments which is innovating at a greater pace than ever.

Read