Predictable foreign exchange (FX) markets are what cross-border and import-export businesses seek in general. It’s easy to make plans on the assumption that exchange rates won’t change drastically. So with the pound plunging to an all-time low against the dollar on Sept. 26, the world...
Global digital asset infrastructure firms Stablecorp and Shift Markets are collaborating to establish a cross-border payments and foreign exchange (FX) rail that uses the Algorand blockchain and allows assets to flow between Canada and the United States. With this rail, cross-border transactions between the two...
This article is the first in a new series dedicated to organizations that are the biggest changemakers in the cross-border payments industry, where consumers have long waited to see cheaper, faster and more transparent transactions. Thanks to a multitude of disruptive FinTech startups, as well...
Cross-border payments have traditionally been complex, process-heavy affairs. Olann Kerrison, vice president of foreign exchange (FX) and global payments at American Express, told PYMNTS in an interview that there’s a real need for B2B cross-border payments innovation, especially for the small- to medium-sized businesses (SMBs)...
British financial software company Finastra has announced a collaboration with Visa to give businesses better access to cross-border services, a press release said Thursday (Sept. 23). Finastra’s Payments Hub will implement Visa Direct, which gives access to billions of accounts through push to account offerings....
Canadian payment service provider OTT Pay is bringing its cross-border transaction processing solutions to the U.S. to more efficiently serve global eCommerce companies. OTT Pay’s subsidiary company OTT Pay USA is partnering with global payment leaders to offer eCommerce merchants worldwide payment collection and settlement...
Cross-border bank processor Payall has closed a $10 million seed round led by Andreessen Horowitz (a16z), a press release said. Payall has a single shared platform which will fuel compliance automation, risk mitigation and more transparency, the release said. The platform’s services include specialized, inclusive...
UK-based FinTech Paysend Thursday (Sept. 15) announced in a press release the launch of Instant Account Payments which allow consumers and businesses to send instant cross-border payments between accounts up to a value of $100,000 to just $1 per payment. Paysend users can now send...
Cross-border payments service provider LianLian Global announced Wednesday (Sept. 14) that it is offering the world’s first cross-border payments guarantee to China. The feature was added to the company’s recently-launched international digital wallet, according to a press release. LianLian Global said the new policy offers...
