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.
US Retailers Confront Data Privacy Shifts
US Retailers Confront Data Privacy Shifts
March 27, 2020  |  Regulation

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus, many countries saw business and...

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Gravity Software Adds Multi-Currency Accounting Tool
Gravity Software Adds Multi-Currency Accounting Tool
March 18, 2020  |  B2B Payments

Cloud-based company Gravity Software has launched a new program to ensure businesses have the right tools to deal with multi-currency needs, according to a press release....

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How A Local Lens For Risk Analysis Can Fight Global  Money Laundering  And Fraud
How A Local Lens For Risk Analysis Can Fight Global Money Laundering And Fraud
March 12, 2020  |  AML

Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets — and that could...

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Today In Payments: Coronavirus To Trigger $820B In Corporate Travel Losses; Uber To Sideline Riders, Drivers With Coronavirus
Today In Payments: Coronavirus To Trigger $820B In Corporate Travel Losses; Uber To Sideline Riders,...
March 11, 2020  |  News

In today’s top news, the travel industry stands to lose $820 billion due to coronavirus fears, Uber may sideline riders and drivers who have the...

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Global Payments: Taking A Localized Approach To Fighting Fraud
Global Payments: Taking A Localized Approach To Fighting Fraud
March 11, 2020  |  AML

Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance...

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APIs Streamline Cross-Border SMB Payments
APIs Streamline Cross-Border SMB Payments
February 17, 2020  |  B2B Payments

Commerce is increasingly crossing borders and currencies, digitally, affording firms of all sizes, and across all verticals, opportunities to tap into new markets. Managing and...

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Joint Venture Delivers Payments To Singapore
Joint Venture Delivers Payments To Singapore
February 14, 2020  |  B2B Payments

British bank Standard Chartered and payments firm Assembly Payments have established a joint venture in Singapore to bring payment solutions to its $29 trillion global...

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SWIFT gpi Transferred Over $77T In 2019
SWIFT gpi Transferred Over $77T In 2019
February 11, 2020  |  Global Payments

Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018,...

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La Banque Postale Customers Can Send Global Transfers Via Western Union
La Banque Postale Customers Can Send Global Transfers Via Western Union
January 28, 2020  |  Partnerships / Acquisitions

French banking subsidiary La Banque Postale is teaming up with Western Union to expand cross-border payments, Western Union announced on Tuesday (Jan. 28). La Banque...

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