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Visa, Western Union partner on cross-border payments

Payments Dive

The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.

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Cross-border payment plays rev up

Payments Dive

The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.

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Looking Ahead to the Future of Cross-Border Payments

Finextra

At EBAday 2024, Dawid Janas, Global Head of Clearing & FI Payments, Treasury and Trade Solutions, Citi, discusses the biggest changes happening currently across the cross-border payments landscape and how banks can ensure success in this rapidly changing environment.

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Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Fintech News

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. The G20 Roadmap for Enhancing Cross-border Payments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.

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Does multilingual customer support matter in Cross Border Payments and FX?

The Payments Association

The cross border payments landscape is experiencing rapid expansion. New corridors, new customers and new technology and processes are seeing more money than ever move across the globe. Consumer and Corporate funds alike are fuelling this growth.

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Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud

Fintech News

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. Fraud cost the financial industry US$485 billion in 2023.

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Corpay to Acquire Cross-Border Payments Company

Fintech Finance

This acquisition puts us well on our way to scaling our Corporate Payments business to nearly $2 billion by 2026.” Following the acquisition, Corpay will process cross-border payments for approximately 23,000 customers in more than 145 currencies across six continents. The replay will be available through June, 27, 2024.