ConnexPay has launched British pounds and euros currencies to expand the global presence of its all-in-one platform for B2B payments. This launch serves to benefit European companies, as they are now able to receive and send payments in their native currencies, the payments technology company...
Bank of America has made its Pay by Bank payment solution available for euro currency payments, the bank announced Monday (Oct. 10). Offered in conjunction with Banked Ltd., the roll-out follows the U.K. launch of Pay by Bank in February this year and lets eCommerce...
Since the first euros went into circulation over twenty years ago, few global developments have come close to the game-changing effect the single currency has had on the way people pay and get paid across borders. After decades of negotiations and political maneuvering, EU citizens...
The European Commission is looking at ways to get banks to use its TARGET Instant Payment Settlement (TIPS) system, which is designed to enable people and companies transfer euros to each other in seconds. According to a report in Reuters, with slow adoption among banks to...
September 14, 2023
R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. The company eliminated positions across different functions and did so to preserve cash during an industry downturn, Bloomberg reported Thursday (Sept. 14). R3 did not immediately reply to PYMNTS’ request for comment. The company provided a statement to Bloomberg saying: […]
October 10, 2022
Bank of America has made its Pay by Bank payment solution available for euro currency payments, the bank announced Monday (Oct. 10). Offered in conjunction with Banked Ltd., the roll-out...
February 26, 2019
The European Commission is looking at ways to get banks to use its TARGET Instant Payment Settlement (TIPS) system, which is designed to enable people and companies transfer euros to each...
November 30, 2018
The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to...
