Visa and Crown Agents Bank (CAB) are targeting the “last mile” of the payments process. The two firms were already working together, with Visa relying on CAB to provide foreign exchange liquidity when settling high-value payments — like bank-to-bank transfers, or payments between large institutions...
Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange (FX) payment platform and Corpay Cross-Border’s real-time FX rates, giving financial institutions and their business clients access to FX transaction...
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’ assets including a blue-chip roster of clients, a team of terrific FX specialists, and a market leading FX netting technology,”...
Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector and finance sources who said these transactions have been growing steadily since the government loosened currency controls five years ago,...
March 07, 2024
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange company Travelex, tells PYMNTS that the continued use of cash as the primary payment method for cross-border travel is fueling the increase in travel industry revenue. […]
January 25, 2024
Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs. However, despite this trend, the traditional financial services sector...
January 04, 2024
Global merchants in eCommerce are grappling with countless challenges and opportunities in today’s digital era. Against this backdrop, building a thriving cross-border business demands a comprehensive strategy that navigates complexities...
December 22, 2023
Introduction: Online merchants can branch out into new markets and geographies. But to do so, and to boost sales, they must carry forward the implementation of a broad range of...
August 30, 2024
Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the total amount the company has raised to $58 million, CoinDesk reported Friday (Aug. 30), citing a paywalled article by Fortune. The startup has raised venture funding from Sequoia, Ribbit, Index, […]
August 29, 2024
Visa and Crown Agents Bank (CAB) are targeting the “last mile” of the payments process. The two firms were already working together, with Visa relying on CAB to provide foreign...
August 14, 2024
Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange (FX) payment platform and Corpay...
June 19, 2024
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’ assets including a blue-chip roster...
