The Payments Association

MAY 9, 2025

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.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

PYMNTS

JUNE 10, 2020

The following Deep Dive examines how cross-border remittances are typically conducted via a correspondent banking model and details how these payments’ slow processing times and high fees are exacerbated by complex and overlapping government regulations. How Correspondent Banking Works. Obstacles To Smooth Remittances.

Correspondent Bank 63

Correspondent Bank Correspondent Process Cross-Border 63

PYMNTS

SEPTEMBER 11, 2019

According to the Real-Time Payments Innovation Playbook , 26 percent of cross-border businesses rely on international wire transfers, while the next most common method is by paper check (20 percent). Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

JUNE 27, 2016

prosecutors believe Locsin used websites, phone calls and other online means to illegally access the accounts and attempt to conduct wire transfers, purchase merchandise, change addresses and even add new cardholders. That scheme was intended to siphon usernames and passwords to at least 50 iCloud accounts and 72 Gmail accounts.

Payments Data 40

Payments Data Identity Theft Wire Transfer Compromise 40

PYMNTS

JULY 7, 2020

B2B payments are undergoing a vast digital transformation, with solutions providers stepping up to offer more speedy options as companies look to expand internationally.

Cross-Border Payments 62

Cross-Border Payments Cross-Border Payments API 62

PYMNTS

JULY 9, 2020

Complying with anti-money laundering (AML) and know your customer (KYC) requirements is often a challenge that is intrinsic to sending and receiving cross-border payments. A recent survey found that one-third of businesses were concerned about fraud in their cross-border payments, with an additional 26 percent worried about data security.

Cross-Border Payments 56

Cross-Border Payments Cross-Border B2B Regulations 56