Global Payments

Globalization is driving corporations to transact more frequently across borders. Consumers are also transacting more on a global basis—buying from foreign eCommerce sites as well as traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. This is also leading to a consequent shift downwards in the average value of these payments.

How ISO Standards Could Reshape Cross-Border Payments
How ISO Standards Could Reshape Cross-Border Payments
December 20, 2024  |  Cross-border Payments

Since the inception of global trade, the world’s financial systems have largely talked past and around each other. The reason? Diverse payment systems and communication...

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More Than Half of US Companies Use Real-Time Payments
More Than Half of US Companies Use Real-Time Payments
December 20, 2024  |  Real-Time Payments

Instant payments continue their global sweep, with expanding RTP® network capabilities from The Clearing House in the United States, Australia simplifying cross-border transfers and Hungary...

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AstroPay Debuts Multicurrency Wallet for Cross-Border Payments
AstroPay Debuts Multicurrency Wallet for Cross-Border Payments
December 17, 2024  |  Cross-border Payments

Cross-border finance FinTech AstroPay has introduced its multicurrency wallet. The new offering, announced by the London-based company Tuesday (Dec. 17), is aimed at simplifying how...

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More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024  |  Bank Regulation

The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to...

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Currency Matching Innovations Unlock Competitive Advantages in Cross-Border B2B Payments
Currency Matching Innovations Unlock Competitive Advantages in Cross-Border B2B Payments
December 12, 2024  |  Cross-border Payments

In cross-border payments, getting paid isn’t just a matter of when — it’s a matter of how. News broke onWednesday (Dec. 11) that financial platform...

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Loop Launches Multicurrency Corporate Credit Card for Canadian Small Businesses
Loop Launches Multicurrency Corporate Credit Card for Canadian Small Businesses
December 11, 2024  |  SMBs

Global financial platform Loop launched a corporate credit card solution for Canadian small- to medium-sized businesses (SMBs) that manage cross-border purchasing. Launched in collaboration with...

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Banks Eye Stablecoins to Accelerate Cross-Border Innovation
Banks Eye Stablecoins to Accelerate Cross-Border Innovation
December 09, 2024  |  Cross-border Payments

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed...

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Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily
December 06, 2024  |  Payment Methods

With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted...

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The Secret to High Global Conversion Rates? Understanding Local Payments
The Secret to High Global Conversion Rates? Understanding Local Payments
December 06, 2024  |  Payment Methods

Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods...

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