PYMNTS

JULY 31, 2019

Remittance and peer-to-peer (P2P) payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders. Increasingly, the financial services industry is targeting slow speeds in corporates’ cross-border payments, too.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

PYMNTS

MAY 23, 2017

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.

Use Case 40

Use Case Digital Currency International Payments Correspondent Bank 40

PYMNTS

DECEMBER 23, 2019

.” Unsurprisingly, this distribution model largely focuses on the massive opportunity in real-time peer-to-peer (P2P) transactions. However, those principles — reach, trust and operating scale — are now key requirements for payment senders, recipients and facilitators in use cases well beyond P2P.

Use Case 41

Use Case Cross-Border Cross-Border Payments P2P 41

PYMNTS

MARCH 1, 2017

Though banks certainly have many things to worry about in consumer payments — at the top of mind is maintaining a presence in peer-to-peer (P2P) against services like Venmo and holding tight to digitally inclined customers — many are recognizing the need to capture the more lucrative segment of payments: cross-border business payments.

B2B 58

B2B Cross-Border Non-Bank Payments 58

Evolve Payment

SEPTEMBER 29, 2023

More Instant Peer-to-Peer (P2P) Payments Waiting days for payments to clear will become a thing of the past in 2024. In the face of increasing inflation and economic downturn , increasing the velocity of money becomes more important for merchants, and P2P Payments are a great way to do it.

Industry Trends 52

Industry Trends Contactless Payments ISO 20022 Cross-Border 52

PYMNTS

MARCH 21, 2017

Another APM in the crosshairs is P2P payments, which will be used by nearly 100 million adults in the US this year, or roughly 38% of the US adult population. She was previously Executive Vice President at Wells Fargo Bank, N.A. Prior to that position, Jane was a Group Personnel Manager in Wells Fargo’s Wholesale Banking Group.

Alternative Payment Methods 40

Alternative Payment Methods Payments Correspondent Bank Treasury Management 40

PYMNTS

NOVEMBER 18, 2019

But as we sit here today SWIFT gpi answers a very real problem and moves us to into the 21st century — which is exactly what correspondent banking needs.”. “ Maybe in a few years’ time that 15 minutes from the U.S.

Real Time Payments 49

Real Time Payments Consumer ISO 20022 Online and Mobile Banking 49

PYMNTS

DECEMBER 14, 2018

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. percent (compared to 6 percent for peer-to-peer [P2P] payments). ”

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 77

CB Insights

FEBRUARY 8, 2018

Blockchain is disrupting this system by offering a higher-security and lower-cost way to send peer-to-peer (P2P) payments — one that requires no intermediary. Bitcoin transaction volume grew by 118% in 2016 alone, although much of this was a function of speculative trading (and not P2P payments).

Blockchain 78

Blockchain Bitcoin Correspondent Bank Cryptocurrency 78

PYMNTS

NOVEMBER 27, 2018

percent, compared to 6 percent for peer-to-peer (P2P) global transactions. While the correspondent banking approach may be “trusted and tested,” the number of these banking relationships is on the decline , adding a new sense of urgency for service providers looking to address key points of friction.

Cross-Border Payments 49

Cross-Border Payments Cross-Border SWIFT Correspondent Bank 49

Fintech Labs Insights

MARCH 24, 2016

The multi-currency account leverages Valuto’s P2P currency exchange marketplace offering a foreign exchange solution at a lower cost than banks. With our API, it is possible to integrate Valuto functionalities into services such as desktop, and SaaS accounting, e-invoicing, P2P investment marketplaces and B2B e-commerce sites.

Multi-Currency 17

Multi-Currency API Payment APIs and Integration Accounts 17

Fintech News

FEBRUARY 17, 2025

Challenges payment providers face today Historically, the absence of a global banking system has meant payments have been made across a network of correspondent banks. This fragmented, complex ecosystem drives up costs, slows down settlement, presents compliance challenges, and prevents transparency with every transaction.

Cross-Border 114

Cross-Border APACS Cross-Border Payments Real Time Payments 114