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What is a Payment Processing System and How Does It Work?

Stax

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. Do you expect to receive cross-border transactions in the future? Does your business operate online, in-person, or both?

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Mastercard and Leading Canadian Fintech VoPay Enter Strategic Partnership to Aid Money Movement for Canadians with Mastercard Move

Fintech Finance

Whether money is being sent within Canada or across the border, what matters most is that the payment is fast, secure, and transparent and everyone has access to the funds when needed. Mastercard and VoPay’s collaboration will ensure funds can travel across the border quickly, seamlessly and safely.

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Deep Dive: Cross-Border Payments Interoperability

PYMNTS

The world is becoming more interconnected, boosting demand for fast and low-cost services that enable cross-border transactions. Examples of scheme interoperability include checks, electronic funds transfers (EFT) and open-loop debit and credit card systems.

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International Payments Group Champions Faster Cross-Border Payments

PYMNTS

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

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Finovate Global Philippines: Mynt’s Millions and Opening the Door for More Digital Banks

Finovate

Latin America and the Caribbean Uruguay-based cross-border payments platform dLocal forged a strategic partnership with cross-border payments company iTransfer. Mexican fintech Stori secured $212 million in equity and debt funding. Flutterwave secured a payment service provider license from the Bank of Ghana.

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Credit Unions Find Opportunity In Payments Disruption

PYMNTS

The solution is an electronic funds transfer (EFT) payment tool built on top of R3’s Corda blockchain platform, and which integrates CULedger’s MyCUID decentralized identity technology to incorporate security, data exchange and value exchange in a single solution.

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Wire Transfer vs Electronic Transfer

EBizCharge

Understanding wire transfers and electronic funds transfers, how they operate, and the security they offer is crucial to gaining a clearer picture of today’s financial landscape. What is an electronic funds transfer (EFT)? Most other forms of EFT vary in speed.