Fintech Finance

SEPTEMBER 13, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments. The post U.S.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Fintech Finance

SEPTEMBER 25, 2024

The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.

ISO 20022 104

ISO 20022 Cross-Border Payments Stop Payment Acquirers 104

Fintech Finance

SEPTEMBER 12, 2024

Nium , the global leader in real-time cross-border payments, has announced two executive appointments that strengthen its leadership team and underscore the company’s focus on driving efficient and responsible growth. Andre Mancl joins as Chief Financial Officer.

Compliance 98

Compliance Cross-Border Payments Cross-Border Best Practices 98

The Payments Association

FEBRUARY 10, 2025

Voices from the industry Virtual IBAN regulations are evolving as regulators tighten AML compliance, data protection, and cross-border payment rules. Without clear definitions under PSD2 or SEPA, PSPs struggle to develop comprehensive AML strategies that align with international best practices.

IBAN 88

IBAN AML Master Account Due Diligence 88

Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. Ethereum (ETH) stands out not only as a cryptocurrency but also for its smart contract capabilities, enabling more complex and automated payment processes.

Cryptocurrency 105

Cryptocurrency Stablecoins Digital Currency Cross-Border Payments 105

Faster Payments Council

SEPTEMBER 12, 2022

The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

DECEMBER 10, 2023

Maximising FIs’ payments transformation Bottomline For banks and other financial institutions to ensure they’re strategic priorities are aligned with the best practices within their space as they pursue their digitalisation goals, Bottomline has released The Future of Competitive Advantage in Banking & Payments study.

FinTech 124

FinTech Cross-Border Cross-Border Payments ISO 20022 124

Fintech Finance

DECEMBER 9, 2024

Discover innovative business models, regulatory insights, and best practices driving the transformation of the finance sector. Morgan Andres Betancourt, Vice President, AML Sanctions Canada & International Advisory at PNC Bank Andrew Eichel, VP of Payments & Compliance at Lotto.com Inc.

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Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

The Fintech Times

DECEMBER 16, 2023

Since its launch in 2020, Alipay+, a suite of cross-border payment and marketing solutions, has expanded to connect over 88 million merchants in 57 markets to 1.5 billion payment accounts of over 25 digital wallets, banking apps and buy now, pay later (BNPL) apps.

Cross-Border 69

Cross-Border SARS Cross-Border Payments eWallet 69

Faster Payments Council

FEBRUARY 18, 2021

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today announced it has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

PYMNTS

JANUARY 13, 2017

12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks. It’s no certainty, however, that a working application using blockchain for cross-border payments will emerge, SWIFT said. An announcement Thursday (Jan.

SWIFT 41

SWIFT Blockchain Cross-Border Payments Cross-Border 41

Fintech Finance

DECEMBER 14, 2023

Alipay+ in 2023: A Year of Expanded Growth and Partnerships Since its launch in 2020, Alipay+, a suite of cross-border payment and marketing solutions, has expanded to connect over 88 million merchants in 57 markets to 1.5 billion payment accounts of over 25 digital wallets, banking apps and Buy Now Pay Later (BNPL) apps.

SARS 69

SARS Cross-Border eWallet Cross-Border Payments 69

Fintech Finance

DECEMBER 13, 2023

The FPC Secure Instant & Immediate Payment APIs Work Group (APIWG), sponsored by Trustly, a global leader in Open Banking Payments, developed the white paper aimed at identifying best practices for instant payment APIs. The post U.S.

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

PYMNTS

JULY 18, 2019

That is the big challenge for cross-border payments experts, InstaReM CTO Nilesh Pathak told Karen Webster in a recent PYMNTS interview – overcoming those barriers to trust that serve as friction points when partners are trading across borders.

Cross-Border 64

Cross-Border Transactions Technology Payment APIs and Integration 64

PYMNTS

NOVEMBER 6, 2018

The financial messaging service announced in late October that its near-instant, cross-border payments proof of concept performed successfully in tests. They also had to educate clients on best practices when using the scheme. But all that effort is slated to bring big results.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

NOVEMBER 8, 2017

If you thought cross-border payments were all about payments, think again. Calling it ‘cross-border payments’ is a gross oversimplification of the challenge,” Israch said. It’s more of a ‘cross-border payables operation,’ with multiple process steps along the way.

Cross-Border 40

Cross-Border Cross-Border Payments Best Practices Acquirers 40

Fintech Finance

APRIL 22, 2024

Nium , the leader in real-time cross-border payments, today announced the appointment of Alexandra Johnson as the company’s first Chief Payments Officer. With this newly-created position, Nium sets itself up to closer align itself with partners across the payments ecosystem.

Cross-Border 52

Cross-Border Cross-Border Payments Payments Payment Networks 52

PYMNTS

NOVEMBER 14, 2018

“Only then will the industry be able to collectively define the standards and best practices that will shape the next generation of liquidity and collateral management.”

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Same Day ACH Liquidity Management 78

PYMNTS

JANUARY 2, 2017

That’s a problem that San Francisco-based Wyre is offering to solve with its real-time cross-border payment solution. “We We are trying to get [merchants] away from the idea that waiting three days for payments is efficient,” said Michael Dunworth, cofounder and CEO of Wyre. Blockchain and faster cross-border payments.

Cross-Border Payments 42

Cross-Border Payments Cross-Border Blockchain Payment APIs and Integration 42

Fintech Finance

APRIL 8, 2024

Our comprehensive partner ecosystem drives innovation and helps customers outperform their strategic goals by providing implementation expertise, best practices and accelerated time-to-value.” This innovative cross-border payment solution is complemented by real-time payments and real-time bank reporting through the J.P.

Payment APIs and Integration 52

Payment APIs and Integration Cross-Border Innovation Cross-Border Payments 52

The Payments Association

DECEMBER 16, 2024

For instance, a government may impose capital controls that limit the movement of foreign currency, disrupting payment schedules. Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Faster Payments Council

SEPTEMBER 23, 2023

In a Faster Payments world, the process of making cross-border payments is typically faster and more efficient. Our panel will explore this and the related realities from each of their unique perspectives.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Clearly Payments

JANUARY 8, 2024

Chargeback Management Best Practices Chargebacks pose a significant challenge for merchants, impacting both financial stability and reputation. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Read this article on what is a good chargeback rate.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

AUGUST 10, 2017

FLEETCOR Technologies, a global provider of commercial payment solutions, announced Wednesday (Aug. 9) that it has closed its acquisition of Cambridge Global Payments, the B2B international payments provider, for approximately $690 million. The deal was announced on May 1. Cambridge’s headquarters will remain in Toronto.

Global Payments 40

Global Payments Cross-Border Payments Cross-Border B2B 40

PYMNTS

APRIL 23, 2020

CoinMarketCap Vice President of Operations & Growth Spencer Yang said in the announcement, “Gilded makes the integration of the sales process to receipt of payment easier, enabling our team to focus on delivering value to customers instead of managing the payment process manually.

Technology 78

Technology Digital Currency Best Practices CRM 78

Faster Payments Council

JULY 21, 2020

Our research highlights the opportunity for additional industry collaboration on the development of guidelines, best practices, and supporting tools that will help all stakeholders engage and participate in faster payments for consumer bill pay," said Beth Horowitz Steel, partner at Glenbrook Partners.

Faster Payments 68

Faster Payments FPC Research Consumer 68

The Fintech Times

MARCH 12, 2024

As a result, we believe that the user experience should be the top focus, even when exploring cross-border payment solutions which can be difficult. Growing and scaling a business through FX The FX space is often perceived as complex, yet it is incumbent on a business to shield their customers from these complexities.

Best Practices 64

Best Practices Cross-Border Cross-Border Payments Mitigation 64

PYMNTS

MARCH 15, 2019

There are various reasons behind that drop: Payment cards kept on file can expire and not get quickly renewed, or consumers might have their cards stolen and then replaced. Best practices about how to combat those rates and protect against fraud and chargebacks are still emerging. “We

Best Practices 58

Best Practices Payments Authorization Cross-Border Payments 58

PYMNTS

NOVEMBER 8, 2019

As the latest financial institution to join the consortium, Standard Chartered will work with other industry leaders on Ethereum-based enterprise technology best practices, open standards and open-source reference architectures. According to the bank, its membership is proof of its commitment to blockchain.

Blockchain 40

Blockchain Cross-Border Payments Cross-Border Best Practices 40

Clearly Payments

MARCH 22, 2024

Despite these technological advancements, maintaining trust in mobile payment systems also depends on user education and awareness. Consumers need to be informed about the security features of their chosen payment platforms and the best practices for protecting their personal information.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

PYMNTS

MAY 26, 2016

Its new supplier management portal provides a self-service solution for suppliers to manage their contracts and enter payment details. The company has also launched a global payment remittance service to facilitate cross-border payments via ACH, paper check, wire transfer and other rails , according to Tipalti.

Wire Transfer 41

Wire Transfer Cross-Border Payments Cross-Border Best Practices 41

Fintech Finance

MAY 8, 2024

” The report also highlights emerging trends and best practices in the realm of instant recurring payments, providing guidelines for businesses and financial institutions looking to leverage this innovative payment method. The post U.S.

Faster Payments 52

Faster Payments FPC Payments RFP 52

PYMNTS

SEPTEMBER 28, 2016

Announcing their collaboration at the Sibos FinServ conference, Microsoft and BAML said they would co-build and test technology, develop frameworks and explore best practices for using blockchain technology for trade finance transactions. On Tuesday (Sept.

Blockchain 73

Blockchain Finance Treasury Best Practices 73

The Fintech Times

JUNE 19, 2024

Ian Johnston , chief executive of the DFSA, discussed the changes: “At the DFSA, we have taken a balanced approach in the development of this regime and remain committed to evolving it in line with global best practices and standards.” “This regulation isn’t intended to change that in our view.

CBDC 69

CBDC Stablecoins Regulations Disputes 69

PYMNTS

MAY 4, 2018

Connecting multiple companies under the fold of a single entity will enable Syncapay to facilitate cross-sharing of industry expertise, services and best practices, Spottiswood told PYMNTS in a recent interview. In many ways, it can begin in the peer-to-peer payments space, which has offered an example for business payments.

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46

PYMNTS

SEPTEMBER 5, 2019

Some operations no doubt will fail to fully take advantage of that opportunity offered by the SCA implementation delay, or will not put in place the best practices. If you keep kicking the can down the road, you won’t have that can in your hand.”. That’s how things go.

Payments 63

Payments Rules Payments Strategy Regulations 63

PYMNTS

JANUARY 4, 2017

Peter Butterfield, chief compliance officer for Flywire, pointed out that the low-volume, high-value payments are being sent by people who are likely to be unfamiliar with the payments ecosystem of the country where their payment is being sent and unaware of the potential risk involved. The Ever-Growing Target.

Cross-Border 41

Cross-Border Scams Best Practices Governance 41