Archive for the ‘News’ Category

Award TWIST and GE for Billing Standard

The Billing Standard for Bank Services (BSB) is increasingly successful. General Electric and TWIST were awarded the 2008 Adam Smith Awards in the category Bank Relationship Management. GE and TWIST won the award for the development of the BSB standard […]

Harmonisation in Europe around SWIFT/TWIST ISO 20022 payment standards

August 2008 – The European Payment Council (EPC), the coordination body of the European banking industry in relation to payments, has embraced the ISO 20022 standards for the SEPA project. When designing the so-called SEPA Rulebooks for Credit Transfers and […]

A Control Framework for e-Invoicing

  Today’s business processes are to a large extent still paper-based, which results in inefficiencies as paper needs to be forwarded from one employee in a firm to the next either in the same firm or in another firm before […]

Update – International Bank Compensation/ TWIST BSB

March 4th, 2008 – Progress continues by the banks in implementing the TWIST BSB for electronically reporting bank service charges. Here is a quick update on what has been happening.

BARCLAYS is first UK bank to introduce TWIST BSB Standard to its customers

February 15, 2008 – Barclays has become the first UK bank to introduce the TWIST BSB 3.1 industry standard for bank services billing (BSB) with the electronic transmission of detailed bank charges to General Electric (GE). The BSB standard will […]