Welcome to the PowertoPay Blog

Here you can find our view on payments, Fin-Tech, SaaS and more.

The end of the Notional Pooling Era: What to do next?

Currently Dutch Banks are offering their corporate clients a unique cash pool service in which a number of individual accounts were treated as a...

GMU verdwijnt; wat verandert er voor uw bedrijf?

GMU, het formaat wat al jaren door ING wordt gebruikt als formaat voor de bankafschriftinformatie, wordt in de loop van 2017 uitgefaseerd. Dit...

How Bank Independency improves your Treasury Performance

As we emerge from the global credit crisis and banks are starting to (geographically) withdraw from some parts of the market, managing cash flow...

What is a Payment Hub?

Payment Hub Definition A Payment Hub is a centralized payments platform where all corporate financial information is united. The maintenance of...

The (MT940) Bank Statement Conversion Solution

Due to the differences in statement information banks are delivering, lots of corporates deal with the MT940 conversion challenge in corporate...

The (MT940) Bank Statement Conversion Challenge

What is an MT940? An MT940 is a standard structured SWIFT Customer Statement message and it is the European standard for transferring financial...

How to combat Payment Fraud

Payment Fraud is one of the biggest threats to a treasurers' reputation and career path in an organization. One of the most common ways to reduce...

A new bank in the Netherlands has arrived: Bunq is here

With the arrival of startup Bunq, the Dutch banking sector is faced with new competition for the first time in ten years. The first so-called...

Managing Bank connectivity with Multi-Bank Solutions

The PowertoPay Corporate Payment Hub is a multi-bank corporate payments platform. Below we have summarized some of the most frequently asked...

How to boost Treasury Efficiency with Straight Through Processing

In a recent PwC study of Global Corporate Treasurers, 89% of all survey respondents still use spreadsheets to collect data and analyse projected...