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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

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TerraPay/UBA Linkup Enables Real-Time Money Transfers Throughout Africa

PYMNTS

. “As Africa ‘s global bank, we are delighted to open up a fresh opportunity for real-time money transfer in partnership with TerraPay. This is another huge step in improving access to financial services for our customers across the globe,” said Sampson Aneke, group head of transaction and electronic banking for UBA Group.

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Citi Payment Insights Expands To 70 Markets

PYMNTS

Launched in July, Citi Payment Insights provides real-time payments visibility, including processing status and timelines, charges deducted across correspondent banks, the amount credited to the beneficiary and the ability to action payments on demand via its electronic banking platform.

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What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA).

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How Corporate Payments Disruptors Compete, And Coexist, With Banks

PYMNTS

“Maybe in 20 or 30 years, the biggest bank in the world will not be a traditional bank that you even know the name of right now,” mused Lemkus. There are banks emerging who are really electronic banks, rather than traditional retail banks.”