Bank Innovation

MAY 21, 2019

A credit union consortium is working on a blockchain-based cross-border payments tool aimed at serving 89,000 credit unions globally.

blockchain 170

blockchain Payments Tools Groups 170

Bank Innovation

APRIL 24, 2018

Bank HSBC is now live on SWIFT gpi, the payments service meant to enhance cross-border payments around the globe, the company announced today. While 160 banks are signed up for the payments service, HSBC marks “nearly” the 50th bank to start sending payments live, according to SWIFT.

Payments 249

Payments Company Online 249

PYMNTS

JULY 24, 2020

It’s a model based on the concept of collaboration and cooperation, two ideals that have become instrumental in the financial services arena’s payments innovation efforts. CUs’ Global Payments Opportunity. ” That global reach also had the CU prioritizing global payments innovation from the get-go. .”

Innovation 201

Innovation Payments Leadership National 201

PYMNTS

MAY 13, 2020

Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort. With high transaction values and sellers across borders, these purchases would traditionally take several days to complete. Accelerating PPE Procurement.

Boston 204

Boston Payments Security Massachusetts 204

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

JUNE 14, 2017

There was a time when the telegraph was as important to keeping people connected as the smartphone is today. The June PYMNTS.com B2B API Tracker™ , a collaboration with FI.SPAN, looks at the various API solutions companies are developing to reduce the friction involved in cross-border trade. to exchange money between borders.

Report 272

Report Payments Study Trends 272

PYMNTS

NOVEMBER 13, 2020

Looking at the plight of migrant workers and those working abroad during the COVID event, PYMNTS November 2020 Smarter Payments Tracker® powered by Nium notes that, “Legacy FIs can struggle to provide affordable remittance services that meet migrant workers’ needs, and their dependency on correspondent banking networks can drive up service costs.

Payments 259

Payments User Experience Meeting System 259

Bank Innovation

FEBRUARY 7, 2018

Chinese payments provider LianLian is joining Ripple’s payment network, RippleNet, to use its blockchain technology for faster cross-border payments, the companies announced today. Ripple stated in a blog post.

Payments 218

Payments blockchain Technology Company 218

PYMNTS

NOVEMBER 11, 2020

In cross-border payments , a number of features can go a long way toward helping digital product merchants bolster their conversion rates in other countries. And in smarter payments, financial institutions (FIs) and FinTechs are innovating to provide more compelling cross-border and international banking offerings.

Retail 142

Retail Data Innovation Fintech 142

Bank Innovation

FEBRUARY 9, 2018

Major Nordic banks are coming together to explore the possibility of a regional cross-border payment infrastructure between the different Nordic countries of Sweden, Denmark, Finland and Norway. In a statement released by the banks today: The Nordic payment markets are among […].

Regional 223

Regional Groups Payments Marketing 223

Bank Innovation

MARCH 21, 2017

Cryptocurrency and blockchain offer many potential benefits to banking customers, such as faster and more secure cross-border payments. A software development company Softjourn demoed “SJ Coins” (or Softjourn Coins)– a rewards system for employees– at the FinDEVr conference today.

cryptocurrency 278

cryptocurrency Conference blockchain Software 278

PYMNTS

MARCH 16, 2020

Goldman Sachs’ capabilities for cross-border payments and tech-savvy achievements that simplify payments as reasons why SAP is also getting something out of the deal. In addition, the deal will allow better reconciliation of payments with the matching invoices.

Payments 247

Payments Company Technology 247

Bank Innovation

MAY 20, 2019

Cross-border B2B payments provider TransferMate announced today that Wells Fargo will use its Global Invoice Connect platform to provide the bank’s U.S.-based based commercial banking clients the ability to receive payments in U.S. dollars from their global customers.

Payments 170

Payments Groups 170

Bank Innovation

FEBRUARY 16, 2017

Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. If [the Read More.

blockchain 281

blockchain Innovation Technology Payments 281

PYMNTS

JUNE 30, 2020

The pandemic has upended daily life – and in payments, it is moving analog, face-to-face transactions toward the digital realm. In an interview with PYMNTS, Michael Bermingham, co-founder and chief business officer for Nium , said the pandemic has been changing the very nature of cross-border payments.

Payments 253

Payments Technology Compliance Fintech 253

PYMNTS

DECEMBER 1, 2020

The world doesn’t lack for stories about cross-border payments gone wrong. In some examples, by the time the money went through all the byzantine steps that have historically made up the cross-border payments process, only about $4 worth of spendable value actually arrived. COVID-19’s Big Push .

Payments 218

Payments Examples Tools Technology 218

PYMNTS

DECEMBER 9, 2020

With B2B eCommerce now a booming segment thanks to accelerated digitization in the last year, cross-border trade volume is expected to rise. He told PYMNTS that this trust deficit creates especially large pain points in an already complicated B2B payment process. But global trade is a complicated operation, to say the least.

Tools 162

Tools Payments Taxes Resources 162

Bank Innovation

FEBRUARY 13, 2019

Rapyd, a fintech-as-a-service platform through which businesses and consumers can pay or be paid as they choose for local and cross-border e-commerce, wants to be the Amazon AWS for financial services.

Fintech 186

Fintech Payments Operations Capital 186

PYMNTS

MARCH 21, 2019

Western Union announced that it has teamed up with cross-border payments network Thunes to enable customers to send funds directly into mobile wallets around the world. Thunes (previously TransferTo) provides a cross-border network that delivers payment solutions for emerging economies.

Mobile 176

Mobile Miami Regional Payments 176

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. We have evolved to become a business account that will support the financial needs of today’s modern business.”. and Hong Kong.

Cards 177

Cards Regional Security Payments 177

PYMNTS

DECEMBER 16, 2020

In today’s top payments news around the world, IBM has bought Canada-based Expertus Technologies, while Gojek is rolling out its new GoBiz Plus point-of-sale (POS) offering. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments. IBM Acquires Canadian FinTech Expertus.

Technology 240

Technology System social media Payments 240

PYMNTS

JUNE 13, 2019

Visa and Mastercard each made headlines in the payments infrastructure and cross-border realms, eyeing digital payments and B2B payments. As reported earlier in the week, Visa launched B2B Connect , a network focused on enabling financial institutions (FIs) to help their clients make B2B payments across borders.

Charlotte 189

Charlotte Payments Taxes Compliance 189

Bank Innovation

OCTOBER 16, 2017

EXCLUSIVE— IBM is continuing its momentum in fintech this time with a focus on international payments and distributed ledger technology, by launching a solution for global payments on the blockchain today. “We

blockchain 210

blockchain Payments Fintech Technology 210

PYMNTS

DECEMBER 14, 2018

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. “The modern-day client expects a seamless transaction experience,” he said.

Fintech 192

Fintech Payments Innovation Regulation 192

PYMNTS

FEBRUARY 26, 2020

PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in the transition to the new standard in cross-border payments: ISO 20022. These infrastructures and processes form the backbone of the global correspondent banking model.

Community 261

Community Compliance Data Payments 261

PYMNTS

APRIL 25, 2019

In Asia, news came this week that petroleum firm PTT Exploration and Production (PTTEP), the biggest company in the country, is linking with Ripple , with an eye on cross-border transactions. Separately, the card giants are hardly resting quietly on the sidelines of the cross-border payments game.

Payments 191

Payments blockchain Cards Company 191

PYMNTS

SEPTEMBER 15, 2020

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift.

blockchain 264

blockchain Payments Survey Technology 264

PYMNTS

NOVEMBER 20, 2020

The world is flattening for businesses of all sizes that now find it easier than ever to expand across borders. While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Cross-Border Headaches.

Compliance 154

Compliance Data Trends Payments 154

Bank Innovation

NOVEMBER 9, 2017

PayPal today announced that it would be available for domestic payments in India. The service has already been available in India for cross-border transactions, but starting today Indian customers can use PayPal in transactions with certain major domestic merchants.

Operations 170

Operations Payments Company Google 170

Bank Innovation

NOVEMBER 15, 2017

European bank Klarna is teaming up with digital cross-border payments service PPRO Group to offer expanded credit-based payments to European merchants, the companies announced today in a press release.

Payments 170

Payments Groups Company Cards 170

PYMNTS

JULY 28, 2020

Asia-based financial settlements network EMQ , which works in cross-border payments, has announced the close of a $20 million Series B funding round led by WI Harper Group, according to a press release. The solution connects bank application programming interfaces (APIs) with payment service providers.

Capital 141

Capital Groups America Payments 141

PYMNTS

JUNE 27, 2017

One common improvement thread among tech launches includes changes to aspects of payments or transactions. Today’s news focuses on PayU ‘s API Integration for cross-border payments, ACI Worldwide ‘s South Africa Alipay launch and GSMA ‘s successful roll out of Low Power, Wide Area (LPWA) solutions.

Data 116

Data Marketing Payments Company 116

PYMNTS

MARCH 14, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market. More Progress, New Challenges.

Payments 193

Payments Innovation National Fraud 193

PYMNTS

DECEMBER 10, 2020

In today’s top payments news around the world, Xoom is now offering clients in the U.S., the cloud payments and financial messaging company, is speeding up market convergence for the Santiago (Chile) Exchange (Bolsa de Santiago). “As Canada, Europe and U.K. is accelerating market convergence for the Santiago Exchange.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

MAY 3, 2019

The flow of money and data across borders is developing a new ecosystem in which payments data has as much value as the funds themselves. In business-to-business (B2B) payments, application service provider Brandwise has tapped Fundbox to help provide net terms for suppliers, buying agents and retailers.

Payments 184

Payments United States Survey Data 184

PYMNTS

JANUARY 6, 2019

UnionPay International announced earlier in January that it rolled out the UPI Developer, which is a platform to create applications for cross-border payments. With one service users can access one of UnionPay eighteen payment and data services. Those, noted the report include QR Code payments and tokens.

ATM 188

ATM Mobile Cards Branding 188

PYMNTS

MARCH 8, 2019

8) that it will acquire global cross-border money transfer company Transfast, which works with both P2P and B2B payments. We believe Transfast gives us the strongest platform to immediately enhance our cross-border capabilities and further deliver on our strategy,” said Michael Miebach, Mastercard chief product officer.

Exercises 190

Exercises Compliance Meeting Tools 190