Remove Cross-Border Payments Remove Global Payments Remove Master Account
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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Voices from the industry Virtual IBAN regulations are evolving as regulators tighten AML compliance, data protection, and cross-border payment rules. The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities.

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Saxo Launches IBAN Service For Global Payments

PYMNTS

Saxo Payments is looking to ease friction in cross-border payments through the launch of an IBAN service, the company said this week. ” He added that financial service providers can gain a “competitive edge” over other players that provide FX and global payment services.

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Centtrip Launches Real-Time Payments Service For Multinational Firms

PYMNTS

Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. based company, which provides global payments, foreign exchange (FX) and banking services, announced its real-time payments solution on Wednesday (April 18).

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Making International Supply Chain Money Move Faster

PYMNTS

Among these is the London-based FinTech Centtrip , which provides global payments, treasury and FX services to business clients. PYMNTS recently caught up with Brian Jamieson, the company’s co-founder and CEO, to discuss its new service enabling clients to make real-time, in-network payments.

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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

If realised, such changes could also have wider implications for the global payments ecosystem, particularly in areas where crypto and traditional finance intersect. One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts.