article thumbnail

FV Bank Expands Stablecoin Offering With PayPal USD Conversion Feature

The Fintech Times

FV Bank strengthened its cross-border offering allowing it to provide its global customers with a wider range of deposit options. Building on the demand for stablecoins PYUSD offers FV Bank customers a highly liquid, and efficient stablecoin solution for their direct deposit and instant payments needs.

article thumbnail

WorldFirst Partners With Walmart for Secure Online Fund Collection

Fintech Finance

Leveraging WorldFirst’s 20 years of expertise in secure cross-border payments, the new digital payment collection service will provide online sellers with three key benefits: Security and Compliance: Funds collected are directly deposited into the merchant’s World Account, providing businesses with streamlined access to cross-border payment and (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Immediate safeguarding of funds: Firms must ensure that customer funds are directly deposited into safeguarding accounts upon receipt. Statutory trusts, while beneficial for legal clarity, may prolong insolvency proceedings and introduce additional legal complexities, especially for cross-border operations.

article thumbnail

People’s Clearinghouse and Interledger Foundation Launch Digital Infrastructure Project

Fintech Finance

Together, they will implement new cross-border payment infrastructure to facilitate remittances between U.S. Still, these services remain the most accessible option for sending money to regions where community banks don’t have the clearing and transfer system necessary to directly deposit remittances into recipients’ accounts.

article thumbnail

PPP, Cross-Border AP, Stimulus Funds Top This Week’s News

PYMNTS

We have deep dives into the The Paycheck Protection Program (PPP) as well as cross-border accounts payable (AP) in addition to coronavirus stimulus funds. Can Main Street SMBs Cross The PPP Cash Chasm? The Spice House On A Recipe For Secure, Cross-Border AP. billion total gross dollar value as of April 13.

article thumbnail

How to pay Contractors in QuickBooks online?

Nanonets

QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check. Paying Contractors through Direct Deposit Paying contractors through direct deposit with QuickBooks Online is just as simple.   Of course!

article thumbnail

How The Pandemic Has Reshaped The Global Payments Market

PYMNTS

Data: $30T: Size of the global cross-border payments market. 47%: Share of consumers who use direct deposit as their preferred method of receiving payment. The pressure is on across the board for all players to raise the level of their digital game , and the ones who don’t may not be around to play much longer.