Buried in the U.S. Department of Justice’s crypto crime report last week was a call for Congress to double the criminal penalties for any unlicensed money transmitting violations from five years in prison to 10 years. While the report, “The Role of Law Enforcement in...
B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally. Nowhere is this change more apparent than cross-border payments, where a host of payment providers are offering new alternatives to the...
Businesses are all too often left waiting for checks from their insurance companies to arrive in the mail after filing claims for property or equipment damage. In the latest Digitizing B2B Payments Tracker, Michael Kelly, senior vice president of finance at P&C firm Tokio Marine...
The pandemic has introduced a major incentive for companies of all sizes to rethink their business models, and perhaps the most profound shift as a result of this trend is the migration of small, mom-and-pop shops to an online commerce model. It’s not a change...
July 07, 2020
B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally. Nowhere is this change more apparent than cross-border payments, where a host of payment providers are offering new alternatives to the tedious and opaque correspondence banking protocols that have historically dominated […]
June 27, 2017
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them....
May 09, 2017
It’s no secret that B2B remains mired in paper, pen and even fax machines. And indeed, when it comes to commerce between companies, B2B could use a push to streamline...
July 09, 2024
Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. The So-Fi-owned company announced the new offering Tuesday (July 9), saying it provides FinTechs with another option for fast and secure money movement. Through its wire transfer API, Galileo connects FinTechs working with Community Federal Savings Bank to Fedwire, which processed more than 193 million wire transfers last year. […]
June 18, 2020
Some residents of France who use Western Union online services to wire money to friends and family in certain African countries will be offered free one-month, 1,000-euro life and disability...
September 18, 2018
A credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. GFA Federal Credit Union revealed to The Boston Globe that...
July 19, 2017
TransferWise, the U.K. FinTech startup, announced news on Tuesday (July 18) that the two co-founders have switch the CEO role. According to a blog post from co-founder Taavet Hinrikus, Kristo...
