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How China Fuels Alternatives To Correspondent Banking

PYMNTS

Gradually, however, and with a focus on expanding access to digital financial services, China has begun to open up its market to non-Chinese PSPs, with PayPal having recently become the first foreign PSP to launch in the country through its acquisition of China-based GoPay, completed late last year. ” The M&A Route.

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Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP

Fintech Finance

Wise has spent the last 14 years building an alternative to traditional correspondent banking. Fast and convenient withdrawals: Wise customers in the Philippines moving funds from their Wise account to their local banks or e-wallets will see the money arriving in under 20 seconds.

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Wise Platform Appoints Lauren Langbridge and Manuel Sandhofer to Accelerate Expansion Across EMEA, North America and Brazil

Fintech Finance

Wise Platform , Wises global payments infrastructure for banks, financial institutions and larger enterprises, today announced the appointment of Lauren Langbridge as Commercial Director for North America, and Manuel Sandhofer as its new General Manager for Europe, Middle East and Brazil.

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Wise Platform Boosts Global Payments with Enhanced Infrastructure for Faster, Cheaper Cross-Border Solutions

Fintech Finance

Over the past year Wise Platform , Wise’s global payments infrastructure for banks, financial institutions and larger enterprises, has further enhanced its product suite for partners and significantly expanded its global regulatory footprint.

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What are Amex Chargeback Reason Codes?

Fi911

Issuing banks are not obligated to explain their decisions, while acquiring banks and merchants benefit from a clearer understanding of the documentation required for representment. However, research indicates a rising trend of chargebacks being filed for reasons that do not correspond with the assigned codes.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

Data sources used to reconcile and compensate account balances include sub-ledgers for HR and fixed assets, bank statements and schedules of payable and receivable accounts. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

In turn, the payment processor ensures a seamless transfer of the information between the merchant, issuing bank, and customer. Tiered pricing – In tiered pricing , transactions are categorized into three tiersqualified, mid-qualified, and non-qualified. Today, many payment gateways work as payment processors.