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Thunes Launches New Global Business Payments Service

Fintech News

Global payments company Thunes has introduced ‘Thunes Business Payments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.

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BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments

Fintech Finance

Recent action from The Clearing House to increase the transaction limit on real-time payments from $1 million to $10 million is fueling new use cases in business-to-business payments among Bank of America clients. Bank of America serves 94% of the Fortune 500 and 73% of the Global Fortune 500. Besides U.S.

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Eftsure and Sis ID Join Forces to Create a Global Leader and Redefine Payment Protection

Fintech Finance

The Australia-headquartered global market leader in payment fraud prevention Eftsure today announced the acquisition of French fintech Sis ID. With this strategic tie-up, the two companies will become the world’s largest business payment protection platform.

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Finding the Right Payment Pathway: International Payments Launched by Cross River Bank

The Fintech Times

Cross River and Aion have previously partnered to enable instant payments domestically via RTP and FedNow, as well as traditional methods such as ACH, same-day ACH and Wires. Cross River also provides business banking accounts through Aion, including a High-Yield Business Account.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

ACH credit payments are often used for business-to-business payments and end-of-the-month payroll payments. They are also used for person-to-person payments or community crowdfunding campaigns. Effectively, these are payments that the customer initiates and pushes their funds to the intended recipient.

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Building Trust in Global Payments: 7 Questions with LiquidTrust Founder and CEO Saujin Yi

Finovate

The capital infusion came at the same time that LiquidTrust announced the launch of Micro Escrow , its instant escrow payment solution for SMBs. In our conversation, we discuss the current state of small business payments and the challenges SMBs face when conducting payments across borders. First, there’s payment timing.

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ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

This is no surprise since electronic payments are more efficient, cheaper, and straightforward. And on that note, two of the most common modes of electronic funds transfer are ACH and wire transfers. TL;DR ACH is cost-effective and ideal for recurring payments, with transfer times ranging from 1-3 business days.