Cross-Border Payments
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Keeping A Forward-Looking View In FinTech Adoption
Friday 8th January - 8:00 am
For many businesses, the sudden shift to a work-from-home model created chaos. Organizations large and small were forced to migrate to online and cloud-based solutions to keep operations moving, often ...Today In Payments Around The World: Ant Eyes Credit Unit Overhaul; FCA Releases Pandemic Resiliency Survey Data
Thursday 7th January - 9:38 pm
In today’s top payments news around the world, China’s Ant Group is mulling the creation of a new consumer loan unit, while the British financial watchdog Financial Conduct Authority (FCA) ...Optimizing Data To Unlock Trade Finance Collaboration
Thursday 7th January - 8:00 am
Well before the coronavirus crisis hit, businesses — particularly small and medium-sized enterprises (SMEs) — were faced with a whopping $1.5 trillion gap in available trade finance that hampered their ...Integrated Workflows Fuel Cross-Border B2B Payments
Thursday 7th January - 4:03 am
There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of ...The Year In Data: Measuring 2020’s Payments Innovation
Thursday 31st December - 4:03 am
How We Will Pay: Home As The Consumer Command Center
This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do ...What 36 Payments Executives Wish For The World In 2021
Wednesday 30th December - 4:00 am
It started with a simple premise. PYMNTS asked a cross-section of the companies we work with to give us their take on their wishes for the world as we approach ...Virtual Account Numbers Facilitate International Digital Banking
Tuesday 29th December - 4:00 am
To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo, said virtual international bank ...Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete
Monday 28th December - 8:08 pm
Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR).
Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are ...BoxFox On Why Order-To-Cash Innovation Is Key For Businesses Expanding Globally
Wednesday 23rd December - 9:45 am
Seamless payments are key to cross-border payments, but not when the order-to-cash cycle are still paper-based, says Nick Shaffer, CEO of online B2B marketplace BoxFox. In this month’s Global B2B ...Deep Dive: Why Freelancers Want Payment Flexibility And How Businesses Can Keep Up
Wednesday 23rd December - 9:00 am
The freelance economy is witnessing rapid growth in participation worldwide. One recent report found that 57 million freelancers are expected to operate in the U.S. in 2021, while additional research ...Piecemeal Order-To-Cash Innovation Won't Cut It For Cross-Border Commerce
Tuesday 22nd December - 4:02 am
The pandemic has forced businesses to pivot quickly to continue their operations — both domestically and internationally — with relative ease as the health crisis affects everything from supply chains ...PayPal's Xoom Adds Real-Time Payments For Remittances To India
Monday 21st December - 8:51 pm
PayPal‘s Xoom, an international money transfer service, has integrated with NPIL’s/NPCI’s Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release.
The release stated using Xoom ...Today In Payments: Rent-A-Center Acquires Acima; FIS, Global Payments Eyed Merger
Monday 21st December - 3:00 pm
In today’s top news, Rent-A-Center acquires Acima, FIS and Global Payments discussed a merger and the U.S. Senate reached a deal for a new stimulus package.
Rent-A-Center Acquires Acima For Virtual ...ACAMS: Biden Administration Faces Challenges On AML And Cybercrime
Monday 21st December - 4:00 am
The incoming Biden Administration has got its work cut out for it on a number of fronts. Job No. 1 is tackling a public-health crisis the likes of which have not ...FIS, Global Payments Eyed Merger, But Talk Broke Down, Report Says
Sunday 20th December - 10:15 pm
Fidelity National Information Services (FIS) and Global Payments were in talks to merge in a $70 billion deal, but it didn’t end up happening, according to The Wall Street Journal ...Cloud Payments, API Economy Drives Business Advantage For Banks
Friday 18th December - 4:02 am
If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) ...Co-operative Bank Of Kenya Teams With Thunes On SMB Transfers
Thursday 17th December - 6:18 pm
To roll out an alternative international money transfer offering called Co-opRemit, the Co-operative Bank of Kenya has teamed with international payment provider Thunes, according to an announcement.
“We are delighted to ...IBM: Securing Virtual Cards Starts With Digital Onboarding
Wednesday 16th December - 4:01 am
Corporate buyers and sellers continue to struggle with disruptions to cash flow and administrative processes that are being caused by the pandemic.
This may make it more important than ever for ...Real-Time Innovators Bring Data To Corporates
Tuesday 15th December - 8:00 am
Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers.
Increasingly, those value-added services are not only ...Today In Payments Around The World: Chase, Air Canada, Mastercard Team On Credit Card; Mexican Regulator Green-Lights Uber’s Cornershop Buy
Monday 14th December - 8:32 pm
In today’s top payments news around the world, Chase Bank and Mastercard have joined forces with Air Canada to debut the airline’s Aeroplan credit card in the U.S., while Mexico ...Tackling The Trust Deficit In Cross-Border B2B Trade
Wednesday 9th December - 8:00 am
With B2B eCommerce now a booming segment thanks to accelerated digitization in the last year, cross-border trade volume is expected to rise.
Small- to medium-sized business (SMB) buyers and sellers are ...Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases
Wednesday 9th December - 4:03 am
In payments, speed is everything. So, it’s no surprise that in a fireside chat with PYMNTS Karen Webster, Visa’s Alan Koenigsberg, global head of new payment flows at Visa Business ...TransferMate Racks Up Licenses For B2B Cross-Border Payments Technology
Tuesday 8th December - 12:55 pm
TransferMate of Ireland, which deals with cross-border business-to-business (B2B) payments technology, announced Tuesday (Dec. 8) that is has secured its first two payments licenses in South America as part of its ...Paydek Collaborates With Thunes On X-Border Payments
Monday 7th December - 5:23 pm
British payments firm Paydek has teamed with Thunes, the international payments network, to offer a wider global reach and bolstered payment choices to clients, according to a Monday (Dec. 7) ...MonetaGo, GUUD Team On Secure Transactions
Sunday 6th December - 9:29 pm
MonetaGo, which specializes in blockchain technologies, and GUUD Company, which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release.
Both ...Deep Dive: Slowing Down, Saving Up: Capital Management Conundrums
Thursday 3rd December - 7:45 am
The World Health Organization’s March 11 pandemic declaration triggered a wave of closures and job losses, and businesses around the globe are still reeling from the impact. Many are tightening ...Alibaba On Facilitating Cross-Border Trust To Boost International Commerce
Wednesday 2nd December - 8:00 am
SMBs are going global as they look across borders for new business, but they must convince prospective buyers that transacting with them will be easy and convenient, says Kivanc Onan, ...SWIFT gpi Instant Goes Live In The UK
Wednesday 2nd December - 6:40 am
Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant.
“This is an important milestone in our strategic ambition to help banks ...Alibaba Bridges Cross-Border B2B Buyer-Seller Trust Gap
Tuesday 1st December - 4:03 am
Legacy cross-border payment methods that may have been inconvenient but endurable in 2019 no longer serve firms’ needs in 2020.
Last year saw 68 percent of companies using wire transfers to ...Cutting Through The Cross-Border Payments Confusion
Tuesday 1st December - 4:00 am
The world doesn’t lack for stories about cross-border payments gone wrong. As North Lane Technologies CEO Seth Brennan told Karen Webster in a recent conversation, we’ve all heard the horror ...Cross-Border eCommerce Gains Momentum
Monday 23rd November - 4:28 pm
The holidays are upon us, and as we all get ready for the virtual feasts, the pandemic has in one sense put up some borders between people and knocked others ...How Multi-Entity SMBs Can Navigate A World Of Billing Complexity
Friday 20th November - 8:00 am
The world is flattening for businesses of all sizes that now find it easier than ever to expand across borders.
Whether that means establishing subsidiaries abroad, acquiring customers in new geographic ...Maersk Predicts Shipping Rebound As US Retail Sales Fuel Demand
Wednesday 18th November - 5:07 pm
Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy.
A rebound in retail sales in the United States ...Cambridge, Beanworks Continue X-Border Payment Partnership
Tuesday 17th November - 4:23 pm
Cambridge Global Payments, a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their ...Mastercard Embraces Existing Rails To Drive B2B Payments Value
Tuesday 17th November - 4:02 am
When it comes to global B2B procurement, nothing is simple.
For example, suppose a huge global consumer packaged goods (CPG) conglomerate wants to introduce a new shampoo. To do so it ...Overcoming FinTech Skepticism To Meet Asian SMEs' FX Needs
Monday 16th November - 8:00 am
The global trading markets are in flux, and it’s not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets ...Subscription Brands Grow By Cutting Frictions From Cross-Border Commerce
Friday 13th November - 10:30 am
We know the pandemic is very bad. Life goes on regardless, and some businesses are actually doing okay in the year of COVID. Subscription brands, for example, are looking good.
“News ...Banking-As-A-Service (BaaS) Making Payments Faster And ‘Smarter’
Friday 13th November - 9:30 am
Several narratives have emerged from this pandemic. First has been the focus on digital transformation that essentially saved the economy during lockdowns. Another related theme is the need for legacy ...Deep Dive: Why Businesses Are Seeking New Technologies To Optimize Cross-Border B2B Payments During The Pandemic
Friday 13th November - 8:00 am
The cross-border B2B payments space experienced a small drop in growth during the first half of 2020 due to the COVID-19 pandemic’s effects, but it is expected to continue expanding ...Today In Payments: Railsbank Closes $37M Funding Deal; Google Critics Demand Prompt Antitrust Enforcement
Thursday 12th November - 2:54 pm
In today’s top news, Railsbank closed a $37 million funding deal, and companies in the U.S. and U.K. urged antitrust regulators to act fast in enforcement toward Google. Plus, Afterpay ...The Evolution Of Retail, X-Border Payments Amid The Pandemic
Thursday 12th November - 11:00 am
Target and Ulta are teaming up on a “shop-in-shop” concept, as the cosmetics business continues its pandemic-fueled evolution. In eCommerce, the Singles’ Day shopping event in China, which was four ...How The Pandemic Is Accelerating The Push To Digital B2B Cross-Border Payments
Thursday 12th November - 8:15 am
International fashion shows have by and large disappeared over the past eight months, leaving fashion retailers scrambling to move in-person business digital. But success hinges on digitizing payments between fashion ...Deep Dive: Turning To Digital Tools To Answer International Consumers' Financial Services Needs
Thursday 12th November - 8:00 am
Many consumers’ financial needs revolve around international transactions, meaning they require banking services that can help them smoothly make or receive cross-border payments.
Workers who move to new countries often want ...Afterpay Rolls Out BNPL Cross-Border Pay For Merchants
Thursday 12th November - 7:01 am
Buy now, pay later (BNPL) firm Afterpay has introduced new cross-border options for merchants to sell their products to consumers in Australia, New Zealand, the U.K. and Canada, according to ...J.P. Morgan: Treasury Innovations Accelerate Digital Transformation
Thursday 12th November - 4:02 am
The great digital shift has exposed some glaring inefficiencies in corporate back offices. Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is ...
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