PYMNTS

APRIL 29, 2020

Today, there remains a broad spectrum of positions that regulators and financial service providers hold when it comes to working with crypto businesses. ius offered insight into exactly why crypto businesses are so difficult to bank. In a recent interview with PYMNTS, Bankera Co-founder Vytautas Karalevi?ius Conflicting Needs.

Cryptocurrency

PYMNTS

JANUARY 13, 2020

INTL FCStone , a risk management and advisory service provider for players in the financial industry, announced a new acquisition to strengthen its small business foreign exchange and hedging offering. INTL FCStone’s Global Payments Division maintains an estimated 350 correspondent banking relationships.

Mitigation

PYMNTS

NOVEMBER 21, 2018

Working with HSBC , the authorities assessed contributions and feedback from corporates and commercial banks to discuss current pain points, potential future capabilities and various use cases of global payments and settlements. Reuters reported earlier this month that the Financial Stability Board (FSB) counted a 4.1

Authorization

Fintech Finance

JULY 19, 2024

A global payments technical issue caused The Bank of England ‘s CHAPS payment system yesterday (Thursday 18th July) to fail leaving a large proportion of time-sensitive and high-value payments delayed. We expect that all payments received by the Bank today will be settled by the end of the day. “If

Payments

PYMNTS

JULY 26, 2019

Increasingly, the financial services industry is targeting sluggishness in corporates’ cross-border payments, too, through technologies like blockchain and the development of faster payment rails around the globe. Some solution providers like Ripple are introducing new ways to bypass the correspondent banking system entirely.

Cross-Border Payments

PYMNTS

OCTOBER 28, 2019

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. Domestic and cross-border payments are supported in over 130 currencies.

International Payments

Fintech Finance

JUNE 6, 2024

BS2 will use Nium’s Global FX product to lower FX costs and provide more real-time payouts between Brazil and popular trading corridors with China and the UAE. ” Nium’s banking network is comprised of global banks, national banks, and payment service providers, to provide a versatile and robust payment product suite.

Settlement

PYMNTS

AUGUST 21, 2020

There are signs that the wheels are beginning to churn once again, however, and though not every industry will recover at the same pace, there is evidence that global trade is once again on the rise. Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. ”

Multi-Currency

PYMNTS

DECEMBER 4, 2017

“The majority of banks simply don’t have the necessary regulatory licenses to operate outside their native countries, which creates a dependency on the intermediary bank system to complete international transfers.”. For small- and medium-sized businesses (SMBs), cross-border payments fees can be crippling.

B2B

PYMNTS

JANUARY 20, 2021

Though common, this strategy fails to present an opportunity to optimize transaction routing throughout the growing number of infrastructures available, whether it be through ACH, SWIFT, Ripple, the correspondent banking network or otherwise. It's the result of looking at the big picture," said Aruldhas.

Correspondent Bank

PYMNTS

DECEMBER 18, 2019

According to the company, rather than force businesses to rely on expensive third-party payment processors, service providers can help corporates become their own processors for greater cost savings, efficiencies and data integration into their back-office platforms, allowing firms to address ACH’s largest pain points that prevent adoption.

B2B

PYMNTS

JULY 16, 2019

When consumers use mobile apps like Uber or iTunes, the expectation that payments occur in a seamless, integrated way represents a broader paradigm shift in the payments world — one that is seeping into the corporate community as well.

Payment APIs and Integration

PYMNTS

DECEMBER 4, 2019

Once an SMB is willing to consider working with an alternative financial service provider on its FX needs, there is still confusion that remains about the right foreign exchange products an SMB should deploy — and it may still inadvertently be relying on the same legacy global payment tools traditional FIs deploy.

Cross-Border Payments

PYMNTS

DECEMBER 30, 2019

This year, B2B payments technology made strides toward speed, transparency and efficiency as service providers took advantage of a massive market opportunity: corporates’ payment demands are growing more sophisticated, yet they continue to rely on checks and legacy tools.

Innovation

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. Build or borrow?

SWIFT

PYMNTS

NOVEMBER 27, 2018

The next-highest category, consumer-to-business (C2B) cross-border payments, paled in comparison at just $54 billion. However, B2B global payments revenue margins are the smallest of any category at just 0.1 percent, compared to 6 percent for peer-to-peer (P2P) global transactions.

Cross-Border Payments

CB Insights

FEBRUARY 8, 2018

Facilitating payments is highly profitable for banks, providing them with little incentive to lower fees. Cross-border transactions, from payments to letters of credit generated 40% of global payments transactional revenues during 2016.

Blockchain

Fintech News

JANUARY 22, 2025

The region is home to four of the top five global real-time payment markets by volume, showcasing APACs strategic measures to lead the global payments landscape. B2B payments service provider Bottomlines Competitive Banking Survey and Report 2024 highlights that 26.8%

Real Time Payments