article thumbnail

How Banks Use APIs To Forge Stronger Client Bonds

PYMNTS

Such solutions can also bolster countries’ payment digitization efforts and facilitate cross-border trade, and FIs are eager to provide them. Paper-based tax payments create frictions because payers cannot receive stamp duty certificates until their checks clear, but digital payments allow for instant receipt.

API
article thumbnail

Graduating To Faster Payments

PYMNTS

JCBI) and global payments platform Flywire unveiled a partnership that allowed students in JCBI’s Southeast Asia markets to easily make cross-border tuition payments. Paper checks are a costly time-suck, and the entire world is over it (except, presumably, check printers and the USPS).

article thumbnail

What’s Fast And Slow And Read All Over?

PYMNTS

In addition to providing for a settlement capability, such roles might include provision of directory services, transaction processing, network access, security and/or cross-border payments” should said stakeholders fail to agree on standards, policies and procedures. Because innovation in payments waits for no man, not even The Man.

Fed