Treasury reporting experts TIPCO have partnered with Treasury Intelligence Solutions (TIS), specialists in cash payments, liquidity and bank relations, to help corporate treasurers speed up communications with banks and subsidiaries.
The two companies intend to combine their specialisms in ERP integration and Treasury Information Platform (TIP) reporting, in order to make life easier for treasury management system providers. The aim is to increase cooperation and communication all along the chain, making payments and reporting easier and ultimately creating a win-win situation for central treasuries and their subsidiaries.
The partnership is seen as an important development for TIS, which has recently announced a string of high profile clients including VW, Staples and Fujitsu.
“For some time now we have been experiencing strong demand for a smart ‘Best of Breed’ solution, which draws on the complementary strengths of both TIS and TIPCO“, said Jorg Wiemer, CEO of the Germany-based TIS. “Our solution quickly reduces costs and risks without complexity, while also increasing the visibility and control of cash flows and other financial data.”
Hubert Rappold, Managing Director of TIPCO, added: “I consider TIS to be the perfect interface between companies and their banks”.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has signed a multiyear agreement with Best Buy, that will see the electronics retailer accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.