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Mastercard Move and Cairo Amman Bank Join Forces to Enable Convenient and Secure Cross-Border Payments in Jordan

Fintech Finance

As part of the collaboration, Mastercard will also deliver unique value-added services, including fraud analytics and risk control, tailored to Cairo Amman Banks specific needs. We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions.

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CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

In this regard, over the years, CBI has developed several open banking and open finance services. This service is compliant to new requirements and legislations, more particularly, the Instant Payment Regulation, which defines that Instant credit transfers need to be accompanied by a ‘Verification of Payee’ service.

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Live Oak Bank Implements Finzly’s Fedwire Solution

Finovate

ISO 20022 refers to a new message format that will be adopted by the Fedwire Funds Service on July 14, 2025, four months later than the initial deadline of March 10 established in June 2022. The goal of the new format is to enhance the quality of financial messaging, facilitate cross-border payments, and reduce manual processing.

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Payments firms switch up CFOs

Payments Dive

Cross-border payments company MoneyGram also hired a chief marketing officer this month, bringing on Lamia Pardo in that role. Another new hire this month in the cryptocurrency area was the appointment of Jamie Elkaleh as chief marketing officer at the digital asset wallet provider Bitget Wallet, also known as BitKeep Global.

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Mastercard Transforms Cross-Border Payments for Banks With Industry-First Innovation

Fintech Finance

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. Value-added services tailored for a bank’s unique needs, including innovative risk control services and fraud analytics.

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Nearly Half of All Cross Border Payments Will Be Instant by 2028 Reveals Juniper Research

The Fintech Times

Within the research , Juniper Research found instant payments will revolutionise B2B payments by enabling cheaper and more secure cross-border trade. They will reach 42 per cent of all cross-border payments by 2028, at $16trillion; up from just 17 per cent in 2024, at $5trillion.

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SWIFT Launches Service For Low-Value Cross-Border Payments

PYMNTS

Last month, the company announced its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. Over the next 24 months, Swift said the project will provide transaction management services to create new value-added services to support business growth.