Corporates usually open hundreds of accounts to manage their operations, track their receivables and segregate funds relating to different entities / subsidiaries etc. Banks find it a huge operational ...

Market-Leading VAM Solution Streamlines and Improves Working Capital Management "Large companies today typically have a complex account structure creating challenges for real time visibility and ...

Swiss multinational healthcare company Roche has embraced the use of virtual accounts. These sub-accounts, which are linked to one physical current account, fit with the company’s strategy of ...

FV Bank, a US-regulated digital bank that focuses in both traditional and digital asset banking services, has introduced its new Virtual Account function, which is intended to assist businesses ...

SAN FRANCISCO--(BUSINESS WIRE)--Modern Treasury, a payments operations software platform, today announced its Virtual Accounts product to make it easy for companies to quickly and accurately track and ...

Proliferation of bank accounts, unreconciled suspense entries and fragmented liquidity are challenges for both domestic and international corporations. Virtual accounts tied with automated liquidity ...

NEW YORK, Jan. 29, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) announced today the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to ...

Transaction banking is no exception to the unprecedented challenges that the banking and financial services industry faces today. With traditional business margins eroding consistently, banks are ...

Cross-border transfers have typically meant navigating multiple platforms, waiting days for payments to clear, and losing a ...

Citi has posted a notice that its virtual account numbers will be changing on August 24, 2025. Virtual numbers created before that date will no longer work. If you aren’t familiar with virtual credit ...

Some card details on this page may be out of date. Have you ever had your credit card information stolen? EMV chips may help protect you during in-person transactions, but they can't keep you safe ...