News

HMRC RTI (Real Time Information) New Rules

10 May 2011

As you may be aware, Her Majesty’s Revenue and Customs (HMRC) are soon to be introducing a change to the way payroll payments are made via Bacs. Under the new rules companies submitting payroll payments to Bacs will need to include additional information along with the Bacs transaction including the payee’s tax code, pay to date and tax to date amongst other items of information. These new rules have been named RTI or Real Time Information by HMRC.

Fundtech supports new European E-invoicing Service Providers Association

10 May 2011

An informal foundation meeting was held in Brussels on Thursday (5th May) of the proposed European E-Invoicing Service Providers Association (EESPA). In many ways this initiative is long overdue and is a positive indicator of the maturing attitudes of suppliers to the e-invoicing market.The event was very well supported – with about 40 people in attendance, including key members of the European Commission. It would be fair to say that most major e-invoicing service providers attended the meeting and were very supportive of the initiative.

Fundtech Wins Financial-I Innovation Award for Payment Processing

02 Feb 2011

Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that it has won the Innovation for Payment Processing award in Financial-I’s 5th Annual Leaders in Innovation competition. The award recognizes a company with demonstrable innovation in business solutions for payments challenges. Fundtech was recognized for its Mobile ACCESSplus™ and CASHplus® SmartNav™ solutions that were introduced in 2010. Anita Hawser, Editor of Financial-I, comments, “Competition this year was very tough. We selected Fundtech for their innovation in payment processing because of their ongoing commitment to developing cutting edge technology that represents the future of the transaction banking business.”