EVO Payments, Inc.’s Post

【#MPFAInsights Embrace a Greener Future: Go Paperless with the eMPF】 Whether you are switching #MPF funds or consolidating your MPF accounts, you know the struggle of endless form-filling, right? Not to mention the stacks of statements that appear in your mailbox every now and then. It's time to break free from this paper trail!♻ The game-changing #eMPF Platform is here to revolutionize MPF management. This automated, digitalized one-stop solution will gradually replace the current systems administered by the trustees. The first MPF trustee will get onboard the eMPF Platform in June, and all MPF schemes are expected to be onboard the Platform by the end of 2025. Scheme members will then be able to easily review their MPF accounts, change their investment portfolio, and even consolidate their accounts with just a few clicks — no paper required ❗ Employers can also bid farewell to forms and cheques, as the eMPF supports batch submission of employees' contribution data and automatically calculates the next submission. Plus, there are multiple payment options available. Making MPF contributions will soon be easier than ever! In addition to the green benefits, the eMPF will directly benefit scheme members through fee reduction! Learn more at www.empf.org.hk | ▶ https://lnkd.in/gtiu7MP8 #MPFAInsights #MPFA #MPF #eMPF #GoPaperless

[DISCOVER THE LUXHUB #CESOP PORTAL]   The first-ever CESOP reporting is just around the corner! Here’s how the LUXHUB CESOP Portal can support PSPs with this new regulatory obligation.   From file upload and data corrections to XML file generation and automated transfer to the NTAs; the portal aims at smoothing and facilitating the CESOP reporting process.   #Fintech #Regtech #tax #vat #fraud #reporting #regulation The LHoFT - Luxembourg House of Financial Technology The Payments Association EU ABBL Finance & Technology Luxembourg

Yesterday, I took part in an FCI Academy Workshop session: Get the full insight of the FCI Two-Factor System. My co-presenters, Aysen Cetintas and Spyros Tsolis, explained the General Rules for International Factoring and how they applied to the EDIFACTORING messaging system, with some really helpful examples. I then described how IT platforms, such as Lendscape, embed the message receipt and generation of messages into the core operational process flows, improving business efficiency, reliability and audit controls. As the Education Partner for FCI and the Academy, we are passionate about knowledge sharing and helping this important financial sector to expand and develop. Please get in touch to find out more. Let's unlock the potential of financing open account, cross-border trade. #factoring #assetbasedlending #abl #supplychainfinance #scf #fci

It’s hard to believe it’s already been a year since the Financial Advice Provider (FAP) licensing came into full effect.   The new regime meant all FAPs – like us – must hold or operate under a full licence from the Financial Markets Authority if they want to provide regulated financial advice to retail clients.   That means Kiwis can have greater confidence in consistent standards across the financial services industry. It enhances consumer protection and professionalism within industries like ours.   The brokers in our network did some incredible mahi to get up to speed, by obtaining their own licence or coming under the umbrella of the IANZ one.   While the past year hasn’t been without its challenges, we’re proud to be part of an industry working hard and being committed to delivering better standards and fairness to everyone seeking professional financial advice.   It’s just the first year. It’s just the beginning.   #AdviceNotPrice #FinancialLicencing

🚢 Surecomp advances digital trade with rapid eBL transactions on RIVO platform 🤝 Surecomp® has announced the completion of successful electronic bills of lading (eBL) transactions, bringing together multiple parties via its collaborative trade finance platform, RIVO™. 💪 “We were able to prove how centralizing the eBL management on RIVO can significantly enhance the process efficiency and operational stability. Aggregating digital documents from various platforms represents a significant departure from the traditional, time-consuming paper-based processes that often take days or even weeks,” said Enno-Burghard Weitzel, Surecomp’s Chief Solutions Officer. 📖 Read the news by following the link in the comments section below ⬇️ #Surecomp #RIVO #EBL #digitaltrade #WaveBL

📢 Exciting myTU for Business News! Introducing the latest myTU API upgrade!   Empower your business with seamless payment processing and real-time callbacks 💸   From secure ECDSA signatures to automated payouts, improve your financial workflows with the advanced capabilities of myTU API 🔄   Say goodbye to manual interventions and focus on your business growth! 💹   #myTU #APIUpgrade #BusinessInnovation #myTUBusinessAPI #Fintech #Innovation

Are you finding managing your business finances is taking too much of your valuable time? At GLX, we work with specialised technology to minimise the amount of manual work our clients need to do keeping track of their business spending, by using state-of-the-art systems, such as DEXT. For instance, whilst refuelling at a petrol station, our clients can effortlessly snap a photo of their receipt using the DEXT app and it will automatically transfer all the necessary details to their accounting software. Even if they receive an invoice via email instead of a physical receipt, they can easily forward the email to DEXT and it will seamlessly integrate the data into their software using cutting-edge optical recognition technology to perform its magic. It extracts all the relevant information from your receipts, such as descriptions, VAT rates and even categorises them appropriately. This advanced technology ensures precise and efficient data transfer, eliminating the need for manual entry and significantly reducing the risk of errors. By working with advanced solutions such as DEXT with our clients, we simplify and streamline their financial management, allowing them to focus on more crucial aspects of their business. #AccountingSoftware #DEXT #Software #AccountingTech

[AN UPDATED #CESOP Q&A & GUIDELINES] The European Commission just released a new version of its Q&A, as well as its CESOP Guidelines. As CESOP approaches and PSPs are getting ready to successfully tackle this new regulatory challenge, we’ve crafted a document comparing the July and November versions of the Q&A. Read more here: https://lnkd.in/eTjpyFJy #tax #vat #taxreporting #crossbordertransactions The LHoFT - Luxembourg House of Financial Technology FINTECH BELGIUM ABBL Finance & Technology Luxembourg

Did you know that automated invoice processing can reduce errors by 90%? 📉 At JBCF, we specialize in integrating the latest business tech to keep your operations smooth. What tech tool could you not live without? #TechTipTuesday #BusinessTechnology

Attention all Payment Service Providers (PSPs)! The looming deadline of completing filing by the end of April 2024 for the reporting of payment data to the Central Electronic System of Payment information (CESOP) is crucial. Adhering to these guidelines is not just a matter of compliance; it's essential for maintaining transparency and efficiency in financial transactions. Failure to meet these deadlines and rules can result in severe consequences, including fines and legal penalties. ARKK Automated Tax Technology offers a comprehensive solution to ensure businesses achieve compliance and successfully report on CESOP. Our cutting-edge technology streamlines the process, automating data collection, validation, and submission. By utilizing our platform, businesses can avoid the risks associated with manual reporting errors and ensure accuracy and timeliness in their submissions. Don't wait until it's too late! Reach out to us today to learn more about how Arkk Automated Tax Technology can support your business in meeting CESOP reporting requirements and staying ahead of regulatory obligations. Let us help you navigate the complexities of compliance with confidence. #cesop #taxtechnology #crossborderpayments #regulatorycompliance