Request to Pay and Utility: Difference between pages

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imported>Doug Williamson
(Create page. Sources: The Treasurer, December 2019 p29 and Request to Pay webpage https://www.requesttopay.co.uk/)
 
imported>Doug Williamson
(Add quote.)
 
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''Cash management''.
1.


Request to pay is a secure messaging service.  
An economic measure of satisfaction gained from consumption of goods or services.


It will be overlaid on top of existing payments infrastructure as a new flexible way to settle bills.
Sometimes quantified in 'utils'.


For each ‘request’, the payer will be able to pay in full, pay in part, ask for more time or decline to pay and begin a dialogue with the requester. It gives more control to the person being asked to pay.


2.


:<span style="color:#4B0082">'''''Cash forecasts may change significantly'''''</span>
A firm providing necessity goods and services, such as water supplies.


:"'''Request to Pay''' will be coming soon and for those treasurers reliant on direct debit income, their cash forecasts may change significantly as customers choose to delay payment."


:''The Treasurer, December 2019, p29.''
3. ''Financial institutions - know your customer (KYC)''.
 
A KYC utility.
 
 
<span style="color:#4B0082">'''''KYC evolving'''''</span>
 
:"The world of cash management and payments is evolving in response to... technological advances.
 
:Treasurers might want to consider solutions such as... the launch of various utility products for KYC management."
 
:''Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.''




== See also ==
== See also ==
* [[Cash forecasting]]
* [[Beta]]
* [[Debit]]
* [[Diminishing marginal utility]]
* [[Direct credit]]
* [[Indifference curves]]
* [[Direct debit]]
* [[KYC utility]]
* [[Standing order]]
* [[Marginal utility]]
* [[Payments and payment systems]]
* [[Track and trace]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Knowledge_and_information_management]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 16:12, 4 August 2018

1.

An economic measure of satisfaction gained from consumption of goods or services.

Sometimes quantified in 'utils'.


2.

A firm providing necessity goods and services, such as water supplies.


3. Financial institutions - know your customer (KYC).

A KYC utility.


KYC evolving

"The world of cash management and payments is evolving in response to... technological advances.
Treasurers might want to consider solutions such as... the launch of various utility products for KYC management."
Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.


See also

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