article thumbnail

Western Union Rolls Out Full API Access For International Payments

PYMNTS

Account information service providers will have improved account visibility, and payment initiation service providers will be able to integrate with Western Union ’s payment network and correspondent banks. The expanded APIs align with the European open banking and PSD2 requirements that became effective in September.

article thumbnail

Euro Banking Association Outlines Use Cases For Digital Currencies

PYMNTS

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.

article thumbnail

Visa’s Bill Sheley On What’s Next For Push Payments

PYMNTS

.” Visa’s existing global network can enable payment senders to mitigate the friction of the traditional correspondent banking network, while retaining a competitive advantage of enabling real-time push payments to recipients, he explained.