PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

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PYMNTS

JULY 31, 2019

international transactions per capita every year, up from 0.5 So, why do cross-border payments present so many challenges? Blockchain and AI to the Rescue. Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process.

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PYMNTS

APRIL 24, 2017

BBVA plans to offer Ripple’s service to a small group of clients in the coming weeks as a tryout, giving corporate customers a quicker and cheaper way to pay overseas suppliers and execute other international transactions, said Alicia Pertusa, head of the lender’s Digital Transformation in the Investment Banking unit.

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PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

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PYMNTS

MAY 24, 2017

With lack of visibility into the correspondent banking system a top challenge for B2B payments, SWIFT is rolling out a way for payers to track their cross-border payments in real time. The company announced Tuesday (May 23) that its Tracker is now available to help businesses track global payments as they occur.

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PYMNTS

DECEMBER 4, 2017

One of the latest to do so is international payments company TransferMate , an Ireland-based firm that announced last month it received more than $35 million in equity investment from Allied Irish Banks. Beyond U.S.

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PYMNTS

DECEMBER 18, 2019

New research from Tipalti, conducted by Levvel Research, found that when it comes to cross-border B2B payments, wire transfers remain the most common method (cited by 69 percent of survey respondents), despite the high fraud risks and sluggish speed of the tool. All of these payment methods come with their drawbacks.

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The Fintech Times

FEBRUARY 28, 2024

Aleks Stefanovski, VP for strategy and business operations at Visa “Another barrier is de-risking by correspondent banks. Most cross-border payments are processed on infrastructure provided by correspondent banks. “Over the past decade, the risk appetite at correspondent banks has declined.

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PYMNTS

SEPTEMBER 6, 2018

Blockchain — or rather, blockchain-focused projects — has been in the spotlight as China has been trialing financial services (FinServ) and security measures across those rails. However, blockchain is also gaining ground, and currency is offering a boost to the payments infrastructure.

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PYMNTS

MARCH 17, 2016

The company, which uses a hybrid of blockchain technology and other payment rail infrastructure to enable cross-border payments, said it will look to capitalize on the demand spike for global payment services during the Olympic games, where hundreds of thousands of people will flock from all over the globe.

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The Fintech Times

FEBRUARY 21, 2024

Practical improvements await Rachel Levi, global head of innovation engineering, SWIFT Rachel Levi , global head of innovation engineering, Swift , the cross-border payments provider, notes how the company and ecosystem are working to make practical improvements to international payment speed.

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Payment Savvy

MARCH 22, 2023

Most international money wires have been possible with the infamous SWIFT code. If you’re dealing with international payments regularly, you must know of its existence. Additionally, an international transfer may require other details like full name and address. By this, we mean blockchain and APIs.

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PYMNTS

OCTOBER 22, 2019

Any complications cause major headaches, and international payments are often more involved and costly than those made domestically. They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations.

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PYMNTS

MARCH 12, 2018

It’s a case that, Laurence Cooke, CEO of nanopay, made on Friday’s Topic TBD, telling PYMNTS’ Karen Webster that cryptos simply won’t cut it when it comes to speed and scale, two things that are the hallmarks of any viable payments system, digital or otherwise. That license, so to speak, does not exist with blockchain technology.

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Fintech Labs Insights

OCTOBER 9, 2015

Quoted at the Ripple blog , company CEO Chris Larsen referred to both new solutions as part of his team’s effort to modernize payment infrastructure for banks, increasing efficiency and lowering costs. “It With Ripple’s new solutions, banks can now achieve real-time, certain settlement at the lowest total cost possible.”.

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PYMNTS

SEPTEMBER 24, 2019

For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate.

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Fintech Review

MARCH 5, 2025

With growing demand for faster, cheaper alternatives, fintech firms and blockchain solutions are emerging as real challengers. The cross-border payment industry is ripe for disruption, and change is no longer a question of if… but when. It does not move money but provides messaging services between banks.

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