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A Comprehensive Look at Canadian Banks and How They Offer Payment Processing

Clearly Payments

These partnerships allow banks to focus on their core financial services while leveraging the technology and expertise of dedicated payment processors. For example: RBC (Royal Bank of Canada) works with Moneris, one of Canada’s largest payment processing companies.

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Deep Dive: How Regulatory Compliance Tools Help Keep Remittances Flowing

PYMNTS

Correspondent Banking . Financial institutions (FIs) traditionally offer remittances through correspondent banking relationships , in which banks in different countries open deposit accounts to handle cross-border payments. Correspondent banking is not the only way that money transfers can be conducted.

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Asia Corporates Replacing ACH With Cards, Citi Finds

PYMNTS

25) said Citi’s Asia Pacific Commercial Cards Survey 2018 revealed businesses in the region are expanding their commercial card programs, as organizations shift away from legacy payment tools and use their cards for more spend categories, including procurement and meetings and events. Reports in The Asset on Thursday (Oct.

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Crypto Goes After Intercompany B2B Payments

PYMNTS

Subsidiaries based in different countries, with different bank accounts, are obliged to send funds to each other using existing payment rails,” Lazarichev said in a recent interview, adding that traditional global payments tools take several days to complete. “In

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Uphold Dives Into India With Bank Deals

PYMNTS

These profits are coming from the 3–5 percent foreign exchange fees that banks can charge for conducting a cross-border transfer, often through the costs that get tacked on as a payment moves between corresponding banks.

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IBM: Securing Virtual Cards Starts With Digital Onboarding

PYMNTS

The December CFO’s Guide To Digitizing B2B Payments examines why virtual cards' foothold in the B2B commerce space is growing and how straight-through processing tools can further remove frictions. Around The B2B Payments World.

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Mastercard to Offer Real Time Cross-Border Payments for Commercial Clients

Finovate

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks.