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Nium Offers Swift Connectivity for Faster Cross-Border Payments

Fintech News

This eliminates the need for complex and costly API integrations, making cross-border payments faster and more affordable. ISO 20022 is also the new industry standard in the process of migration, further streamlining cross-border payment processes. said Alex Johnson, Chief Payments Officer at Nium.

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Six Spanish Banks Join SWIFT gpi For Cross-Border Payments

PYMNTS

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

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Deep Dive: Why Businesses Are Seeking New Technologies To Optimize Cross-Border B2B Payments During The Pandemic

PYMNTS

Firms making cross-border moves must also be capable of facilitating swift and seamless cross-border payments, and the health crisis appears to be adding challenges on top of the many that already existed. Many firms still process cross-border transactions through wire transfers.

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Ripple’s X-Border Payments Product Secures Three Partners

PYMNTS

Ripple ’s cross-border payments product xRapid brought on Bittrex to act as the preferred digital asset exchange for its transactions that move through U.S. According to Ripple , it will work like this: A financial institution (FI) that has an account with Bittrex would initiate a payment in U.S.

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The Summer (Payments) Vacation Plan

PYMNTS

With the fall term quickly approaching, these institutions are preparing for the wave of student application and tuition payments coming from international students and their financial institutions overseas. funds needs to be sent to pay their bill and the current exchange rate so they are able to send an accurate amount.

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Finovate Global: Monzo’s Millions, A2A Payments in Australia, FinovateSpring’s International Alums

Finovate

Pay by Bank enables merchants to send PayTo Agreements to customers, and then initiate payments and refunds based on those agreements – which cover a variety of transaction experiences including online payments, and recurring payments with fixed, variable, or split payment amounts.

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Splitit Launches B2B Installment Repayment Platform

PYMNTS

With every payment made, Splitit lowers the amount of the hold on their business credit card by the installment payment amount. Once processed, the monthly repayment plan begins, allowing the buyer to pay in installments.

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