The bank made an error involving the handling of payments and debits, leading to a delay in processing payrolls as well as payments to suppliers of the 20,000 or so businesses that bank with the group.
Talking Blocks is one of a handful of small companies that builds management software for web services, an emerging set of industry standards and guidelines for sharing information among disparate systems.
Although the victim was promised she'd be able to keep a percentage of the funds she processed - she didn't, receiving only a bill for the PayPal fees for the fraudulent transaction. The supposed payments for software were 'transferred' via the job...
Accounting software company Sage has announced it is to buy payments player Verus. Software and online services are converging, and the ability to offer a well-supported integrated set of services [Sage already offers payroll] is potentially very...
But by the end of March only £225m had been paid out (15 per cent) and it took until the end of June for 95 per cent of payments to be processed. The Department for Environment, Food and Rural Affairs and the Rural Payments Agency aimed to start...
Poumel expects to see a 75 per cent reduction in cheque printing and processing costs, plus a dividend on fewer penalties paid to suppliers due to mislaid or poorly processed invoices. Admiral Group financial controller Coralie Poumel said the...