Buy now, pay later (BNPL) regulations: Curtailing growth or leveling the playing field?

whitePaper | August 1, 2022

The Office of the Chief Accountant (OCA) is pleased to present the August 2022 edition of the Bank Accounting Advisory Series (BAAS). The BAAS expresses the OCA’s interpretations of accounting topics relevant to national banks and federal savings associations (collectively, banks or institutions, unless otherwise specified). We hope that you find this publication useful and that it continues to be a practical resource for bankers and examiners. The BAAS is updated annually to address ongoing accounting questions, newly issued and updated accounting standards, and emerging issues observed through March 31. Consistent with prior editions of the BAAS, the 2022 update does not focus on questions related to the impact of the Coronavirus Disease 2019 (COVID-19) and does not reflect policy statements and rules issued in response to the COVID-19 pandemic. COVID-19 policy statements and rules address specific challenges and are not intended to be used by analogy in non-COVID-19 situations.

whitePaper | September 15, 2022

There have been numerous examples of how payments digitalization has transformed society in recent years, whether it be the surge in mobile money usage in sub-Saharan Africa, the stunning success of real-time payments in markets such as Brazil, India, and Thailand, or the increased adoption of contactless payment methods following the COVID-19 pandemic. According to the World Bank, roughly two-thirds of the population now make and receive digital payments, with the share of adults in developing economies increasing from 35 percent in 2014 to 57 percent in 2021. This shift has not only led to reduced cash usage and the availability of more convenient payment options but also to much needed improvements in financial inclusion and digital access for underserved populations.

whitePaper | May 14, 2020

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whitePaper | November 30, 2022

This white paper provides important information for banks and other financial institution (FI) professionals on the requirements and needs necessary to modernize payment engines while also increasing business customer adoption of electronic payments. It discusses the challenges inherent when businesses try to leverage their accounting systems to generate and transmit payment files, the preprocessing of customer-driven payments, management and servicing, and the logic-based needs for better payment channel routing.

whitePaper | June 14, 2023

Manual accounts payable (AP) processes are costly, inefficient, and expose companies to unnecessary risk. With the rising call to reduce paper usage and lower costs, it’s time to explore alternatives that can help controllers and AP managers do more with less.

whitePaper | May 5, 2022

Massive changes has been underway for some time across the Industry .fintechs disrupted tradition introducing consumer to new ways to get the service they need.