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There’s No Room For Another Consumer Payment App in the U.S.

Bank Innovation

EXCLUSIVE— The march of mobile banking and payments continues across the U.S., but it may be smarter for those startups looking to break into that market to look at other regions, Eric Wiesen, general partner for Bullpen Capital, told Bank Innovation. “In In the U.S.,

Payments 278
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Drip Capital Aims To Create Trade Finance Network For Cross Border Buyers, Suppliers

PYMNTS

Welcome to the world of international trade finance and the business of smoothing over the 90-plus day payment lags and quality fears that trading partners often half a world apart must routinely contend with on a daily basis. said Pushkar Mukewar , co-founder and CEO of Drip Capital in a conversation with PYMNTS’ Karen Webster.

Capital 259
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ACI Worldwide, Mastercard Join Together To Ramp Up Real-Time Payments

PYMNTS

Mastercard and ACI Worldwide are teaming up to “provide a wide range of real-time payment solutions globally.” This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. ACI is a payment-systems company headquartered in Naples, Fla.

Payments 248
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Goldman Sachs and Derivative Path team up to enable FX payments to regional, community banks

BankInovation

Goldman Sachs Transaction Banking recently partnered with capital markets technology derivatives services provider Derivative Path to offer regional and community banks access to in-house foreign exchange (FX) capabilities in markets they historically did not have access to.

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Fostering Payments Trust In A Global Freelance Economy

PYMNTS

Today, while shutdowns have led many businesses to temporarily halt non-essential spending, many in the market actually expect the expansion of the freelancing community to accelerate as a result of market volatility. Payments are key to the trust equation, particularly when hiring expands across borders.

Payments 273
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BNY Mellon Names Robin Vince To Lead Global Market Infrastructure

PYMNTS

The Bank of New York Mellon (BNY Mellon) has appointed Goldman Sachs alum Robin Vince as its new vice chair and CEO of global market infrastructure as of Oct. In his new position, Vince will oversee BNY Mellon's Clearance and Collateral Management, Treasury Services, Markets and Pershing businesses, the release says.

Marketing 175
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Flywire Surpasses $10B In Total Payments Volume

PYMNTS

Global payments and receivables company Flywire enjoyed strong growth in 2018 that it plans to carry into this coming year and over $10 billion in total payments volume. In addition, Flywire rebranded and integrated OnPlan, a domestic payment capability acquired in January 2018, into its product suite.

Payments 201