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J.P. Morgan Treasury Services is now providing payment initiation and reporting capabilities in ISO 20022, which lets companies send and receive messages in XML format. Companies can use the new messaging format to integrate their treasury, payable and receivable applications with their banks and other partners. The ability to communicate remittance information can enhance straight-through processing and the format’s provision of real-time data can help companies manage and reconcile their cash position.

Deutsche Bank has added 50 currencies to its FX4Cash platform, bringing to 125 the total number of currencies in which clients can make payments. Among the currencies added were China’s yuan, Ghana’s cedi, Guatemala’s quetzal, Iraq’s dinar and Paraguay’s guarini. FX4Cash, which was launched last year, provides companies with competitive foreign exchange pricing and helps them streamline their cross-border payments.

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