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Thunes Launches New Global Business Payments Service

Fintech News

Businesses can also process US dollar wire transfers to more than 170 countries and make payments in over 30 currencies, including USD, EUR, and CNY. USD payouts are trackable, and a single integration with Thunes’ platform eliminates the need for businesses to build separate correspondent banking networks.

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HSBC Bolsters Cross-Border Payment Capabilities in Partnership With Dandelion

The Fintech Times

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model. billion bank accounts and 116 million digital wallets around the world.

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UniCredit Becomes First Major Bank in Europe to Launch Fast, Secure Foreign-Currency Payments Through Partnership With Wise Platform

Fintech Finance

Our customers expect simple, fast and transparent solutions at an affordable cost, even when it comes to complex transactions such as international wire transfers. This new service was created to meet exactly these needs and represents a fundamental step in this direction.”

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Gambling prepares Resilient and Secure Cloud Technology for Banks

Finextra

Banks went international with Telex, wire transfers and Correspondent Banking (four banks involved making international transactions). The gambling industry’s experience with fraud detection and real-time risk assessment again becomes is valuable and available within cloud technology. Its a timing issue.

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Why payment transparency is critical to the future of correspondent banking

The Payments Association

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system.

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Bitcoin Tracker: No More Wire Transfers?

PYMNTS

Hong Kong–based exchange Bitfinex has seen its wire transfer issues worsen. The exchange had initially reported outgoing wire transfer disruptions earlier this month, subsequently filed suit and an injunction against Wells Fargo. A few days later, Bitfinex dropped the suit, but the problem has remained.

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ACH vs. Wire Transfers: Which Is Right for You?

Nanonets

Ach and Wire are two of the most popular ways of money transfer in the United States. First, let's delve into the mechanics of ACH and Wire transfers, followed by an exploration of their distinctions, guidance tailored for small businesses, and concluding with instructions on establishing ACH and Wire processes.