The Fintech Times

FEBRUARY 22, 2024

As a result, we set out to investigate the impact the popular technology is going to have on the cross-border payments sector – specifically looking at security. “Artificial Intelligence (AI) will play a pivotal role in elevating security within the cross-border payments space.

Cross-Border Payments

PYMNTS

AUGUST 7, 2020

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. For card issuers, there is the competitive advantage of a more favorable payments experience for customers which will drive more top-of-wallet usage for cross-border transacting.

Cross-Border

Nanonets

SEPTEMBER 28, 2023

= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. What Are Cross-Border Payments?

Cross-Border Payments

PYMNTS

JULY 9, 2020

Adoption remains limited largely by the decision of card issuers and banks to support the use of commercial and small business credit cards within mobile wallets. In various markets throughout Africa, however, mobile payments penetration is some of the highest on the planet. Friction At The Border. ”

B2B

PYMNTS

JANUARY 9, 2020

Tencent’s WeChat Pay has introduced a payment service aimed at Chinese students who want to pay their tuition fees at universities in South Korea, according to reports. The move is an attempt to make it easier for those students to make cross-border transactions.

Cross-Border

Fintech News

SEPTEMBER 4, 2024

This year, the startup raised US$6 million in seed funding and secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a non-bank credit card issuer. With a network of local collection methods in over 85 markets, Tazapay makes cross-border payments as cost-effective as domestic ones. With a US$6.6

FinTech

PYMNTS

NOVEMBER 20, 2019

. “Boost’s technology, paired with [its] supplier enrollment and reporting capabilities, enables our clients to overcome acceptance concerns, and grow their card platforms,” said the bank’s Head of Commercial Card John Skinner in a statement. Visa Takes Virtual Cards Across Borders.

Issuers

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. FAB Teams Up For Digital Invoicing.

Payment APIs and Integration

PYMNTS

JANUARY 10, 2019

China payment card issuer UnionPay is stepping into the market with prepaid cards for corporates and consumers, the company announced this week. 9) that payment service provider Moorwand , a principal member of UnionPay, will launch the first UnionPay prepaid cards in the U.K. Its official U.K.

Cross-Border Payments

The Payments Association

OCTOBER 4, 2024

Traditional card issuers and networks must adapt or risk obsolescence. Technological disruption and innovation The rapid pace of technological change is both a challenge and an opportunity for the card payment industry.

Online and Mobile Banking

PYMNTS

APRIL 7, 2016

Traditional bank transfers remain, by and large, the most common way businesses pay each other internationally, according to the latest research from global payments firm Saxo Payments. Credit card issuers, too, are frustrated with cross-border payments. What can be deduced from all of this data?

Cross-Border Payments

PYMNTS

SEPTEMBER 17, 2018

China’s UnionPay , the payment card issuer, is gearing up to roll out branded cards in the U.K. In August, to look into blockchain payment applications, Bank of China (BOC) announced it was teaming up with China UnionPay. as it expands more into Europe, aiming to take on Visa and Mastercard.

Cross-Border Payments

PYMNTS

JULY 28, 2020

.” By embracing opportunities like card rebates and the option for early payment discounts with suppliers, AP can accelerate its shift from a cost center to a revenue generator and cost saver. Strengthening B2B Ties.

B2B

Finovate

MAY 16, 2025

The payment card business is among the most competitive areas of financial services. A growing number of fintechs have developed strategies and technologies to help card issuers and acquirers access millions of dollars in cost savings and missed revenue by better controlling card network fees and enhancing transactional profitability.

Card Issuer

PYMNTS

OCTOBER 30, 2019

Western Union is taking open banking straight to corporates, opening up API connectivity into its domestic and cross-border payment applications to an estimated 37,000 business customers under its Western Union business solutions unit. Open Banking Targets Corporates. Though open banking is not a regulatory mandate in the U.S.,

Payment APIs and Integration

The Fintech Times

MAY 27, 2025

JCB , the global payment brand and a credit card issuer and acquirer in Japan, has set out to enhance its card acceptance across the European and UK markets to create a smoother payment experience for both merchants in the regions and international JCB cardmembers.

Cross-Border Payments

PYMNTS

MARCH 1, 2019

Chase does not have to do anything, they’re already the world’s largest credit card issuer … They’re basically telling the world what Affirm’s got is pretty valuable and important.”. Levchin views JPMC’s new rollout as an excellent endorsement. But it’s certainly enough to hand over the Sizzle of the Week crown.

Finance

PYMNTS

NOVEMBER 22, 2019

raised $10 million from SEB Bank and Seed Capital for its commercial card technology. In another deal with unknown terms, cross-border payments firm iBanFirst announced the takeover of NBWM, a Netherlands-based foreign exchange (FX) startup. Cardlay, based in the U.K.,

B2B

Finovate

MAY 10, 2024

Sub-Saharan Africa Nigerian fintech and non-bank credit card issuer O3 Capital partnered with American Express to issue four new AMEX credit cards. South African fintech Lesaka acquired South African payments company Adumo in a deal valued at $85.9 based Payall to improve security for cross-border payments.

Non-Bank

PYMNTS

APRIL 11, 2016

21 new banks joined SWIFT’s B2B payments innovation initiative , the financial messaging company reported last week. The effort aims to explore how to increase the speed and transparency of cross-border payments, first targeting corporate payments.

Commercial Card

PYMNTS

JULY 6, 2016

That decision ruled that the processing fees levied by MasterCard in conjunction with cross-border transactions were unfair. where the contention is that the fees charged on cross-border transactions have been alleged to restrict competition, unfairly so. A class action of this size would be the biggest one in the U.K.

Visa

Stax

JANUARY 17, 2024

Cross-border payments SaaS companies and ISVs are increasingly offering their services across the world. This provides great opportunities for businesses but at the same time poses challenges with regards to the acceptability of different currencies and modes of payment. This provides an additional layer of security.

ACH

Stax

MARCH 14, 2024

Many B2B payments still rely on manual processes, leading to inefficiencies and human error. B2B payments are vulnerable to fraud, particularly when involving large sums of money and manual processes like checks. Most of these challenges can be addressed by choosing the right payment provider.

B2B

CB Insights

DECEMBER 4, 2019

For Amazon, the combination of FIS and WorldPay is aligned with the company’s goal of reducing friction in payments for consumers and merchants, subsequently boosting commerce. In December 2017, Amazon’s Alexa Fund participated in a $16M Series A to Greenlight Financial, an alternative debit card issuer aimed at young consumers.

Online and Mobile Banking

PYMNTS

FEBRUARY 15, 2017

The effort to drive further adoption of virtual cards among suppliers is one of the key activities of commercial card issuers and their corporate clients.” According to Stone, the company said there has been growth in its virtual cards operations of 236 percent in the last three years in the U.S.

Commercial Card

Fintech Labs Insights

NOVEMBER 18, 2015

Ethoca’s Alerts helps card issuers and merchants with a global collaboration network to prevent unnecessary and costly reliance on the chargeback process to resolve disputes and recover associated losses. Valuto offers an open API for a multi-currency wallets to facilitate cross-border payments and collections.

Payment APIs and Integration

PYMNTS

MARCH 16, 2016

Offering the ability to pay with commercial cards is in our pipeline, but it is worth noting that credit cards will incur charges and these charges are dictated by the card issuer, as well as the card scheme or network,” Wong said. But Wong explained that this, too, can come with some unfriendly costs.

Commercial Card

The Fintech Times

OCTOBER 30, 2024

Future plans include Visa Direct, which will enable real-time cross-border payments, marking a key step in ClearBank’s ongoing European expansion following its recent licence from the European Central Bank. The collaboration aims to support efficient transaction processing and reconciliation across the UK and Europe.

Deepfake