Fintech News

MARCH 18, 2024

Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipa y to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. billion account holders.

Visa 117

Visa Cross-Border Payments Cross-Border Security 117

Finovate

NOVEMBER 5, 2024

Global bank Standard Chartered unveiled this week that it has teamed up with cross-border payments fintech Wise (formerly TransferWise). The bank has selected Wise Platform , Wise’s global payments infrastructure for banks, to power international payments for SC Remit , Standard Chartered’s cross-border payment service.

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Cross-Border Payments Cross-Border Multi-Currency Stablecoins 52

Fintech News

MARCH 27, 2024

London-based fintech Paysend has expanded its partnership with Currencycloud , a provider of B2B embedded cross-border solutions, to extend its international money transfer services worldwide.

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Cross-Border SWIFT Funds Transfer Facilitators 109

PYMNTS

FEBRUARY 20, 2018

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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Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

Clearly Payments

NOVEMBER 19, 2023

In a time defined by globalization, businesses often look to cross international borders for expansion. One pivotal tool that facilitates this global reach is the international merchant account. These accounts enable businesses to receive payments from buyers in different regions, contributing to the ease of global trade.

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Cross-Border Cross-Border Payments Accounts Multi-Currency 52

Nanonets

MARCH 27, 2024

QuickBooks is one of the top names in accounting and bookkeeping, customizable enough to appeal to a wide range of business types and sizes while staying sufficiently standardized to ensure a common user experience for all users – even international clients. However, it does not offer direct international payment processing.

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International Payments Wire Transfer Cross-Border Wire 52

PYMNTS

SEPTEMBER 23, 2019

Western Union’s history as a retail cross border remittance platform is moving money between people, largely via cash, within minutes. There are no shortage of reasons a customer or business would want or need to move money cross-border in minutes. The Power Of Relationships.

Accounts 82

Accounts Cross-Border Cross-Border Payments Real Time Payments 82

PYMNTS

JANUARY 21, 2021

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS. In addition, the Payment Tracker will offer insights into potential delays of the payment.

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PYMNTS

OCTOBER 22, 2019

Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Any complications cause major headaches, and international payments are often more involved and costly than those made domestically.

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Cross-Border Payments Cross-Border P2P B2B 41

Fintech Finance

MARCH 19, 2024

Mastercard continues to expand its cross-border payment solutions with a new connection to Alipay , China’s leading digital open platform under Ant Group. Insights from Mastercard’s Borderless Payments Report reveal that 68% of consumers would make more online cross-border payments if they were faster.

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Cross-Border Payments Visa Cross-Border Near Real-Time 52

Finovate

AUGUST 9, 2024

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.

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Electronic Funds Transfer (EFT) Cross-Border Payments Financial Inclusion Cross-Border 106

PYMNTS

DECEMBER 3, 2020

However, cross-border commerce still represents a major growth opportunity for struggling businesses. The value of the global cross-border payments market is expected to grow from $27 trillion in 2020 to $35 trillion by 2022. . Factors Driving Cross-Border Innovation .

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Cross-Border Wire Transfer Cross-Border Payments Wire 52

Fintech Finance

FEBRUARY 28, 2024

In a groundbreaking partnership, Eazy Financial Services “EazyPay” , a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa , a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

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Point-of-Sale (POS) Funds Transfer Payment Gateways Cross-Border 52

PYMNTS

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

Cross-Border Payments 56

Cross-Border Payments Cross-Border SWIFT Debit Network 56

Finovate

OCTOBER 11, 2024

Worldline partners with BOCHK International payment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. The company will use the funds to further build out its financial platform and help encourage the development of the Web3 ecosystem in Hong Kong.

Multi-Currency 104

Multi-Currency Stablecoins Visa Cross-Border Payments 104

Fintech Finance

JANUARY 8, 2024

The cloud banking platform ensures efficient and affordable cross-border transactions, enabling South Korean entrepreneurs to conduct business easily and cost-effectively. It enables affordable money transfers via ACH, mailed checks, and wire transfers.

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Wire Transfer Cross-Border Funds Transfer Wire 52

EBizCharge

APRIL 25, 2024

Wire transfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. What is an electronic funds transfer (EFT)? Most other forms of EFT vary in speed.

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Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

PYMNTS

DECEMBER 18, 2019

New research from Tipalti, conducted by Levvel Research, found that when it comes to cross-border B2B payments, wire transfers remain the most common method (cited by 69 percent of survey respondents), despite the high fraud risks and sluggish speed of the tool. MoolahGo Explores The Interoperability Challenge.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

Fintech Finance

APRIL 17, 2024

one of the largest banks in Japan, and Crédit Agricole Corporate & Investment Bank , one of the leading investment banking groups in Europe, successfully completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS® network, the largest private-sector high-value clearing and settlement system in the world.

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ISO 20022 ISOs CHIPS Cross-Border Payments 40

Fintech Finance

APRIL 10, 2024

The CHIPS network is the premier USD clearing and settlement system for international payment activity, with 95% of CHIPS payments being the USD leg of a funds transfer that begins or ends in another country, and the first high-value payment system in the United States to adopt an ISO 20022 message format.

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Nanonets

SEPTEMBER 8, 2023

First, let's delve into the mechanics of ACH and Wire transfers, followed by an exploration of their distinctions, guidance tailored for small businesses, and concluding with instructions on establishing ACH and Wire processes. This payment method is widely used to directly settle payroll, bills, and business-to-business payments.

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Wire Transfer Wire Wires ACH 52

Nanonets

SEPTEMBER 28, 2023

In order to do this, they need to have a way to process international payments. One of the most popular methods of processing international payments is through PayPal. PayPal allows businesses to accept payments from customers in over 190 countries. What is a Wire Transfer?

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Wire Transfer Wire Wires PayPal 52

Nanonets

SEPTEMBER 28, 2023

In order to do this, they need to have a way to process international payments. One of the most popular methods of processing international payments is through PayPal. PayPal allows businesses to accept payments from customers in over 190 countries. What is a Wire Transfer?

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Wire Transfer Wire Wires PayPal 52

EBizCharge

MAY 15, 2024

Payment Initiation: Once the buyer receives the invoice, they initiate the payment process. Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms.

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B2B Wire Transfer Payments Payment Gateways 52

Stax

JUNE 27, 2024

They’re also ideal for international payments Learn More ACH Payment vs Wire Transfer: An Overview While we’ll get into more details of wire transfers and ACH below, here is a quick cheat sheet to help you distinguish the two modes of payment. In a wire transfer, the bank acts as a middleman.

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Wire Transfer Wire Wires ACH 88

PYMNTS

DECEMBER 10, 2019

Financial services company Western Union recently announced new APIs intended to help business customers quickly send money across borders. Deep Dive: The Advantages Of APIs When Enabling Faster Payments. It is critical that their international payments reach the intended recipients. Around The B2B API World.

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Treasury API B2B Faster Payments 52

Stax

JANUARY 17, 2024

In case you’re dealing in international transactions, you’ll need a PayFac that processes global currencies and multiple payment types. Challenges and Considerations with ACH PayFacs SaaS companies and ISVs operate in a highly competitive marketplace and a dynamic payment ecosystem. Q: What does an ACH payment facilitator do?

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ACH Facilitators ISVS Payment APIs and Integration 88

Stax

MARCH 14, 2024

Many B2B payments still rely on manual processes, leading to inefficiencies and human error. B2B payments are vulnerable to fraud, particularly when involving large sums of money and manual processes like checks. Most of these challenges can be addressed by choosing the right payment provider. These are the most common: 1.

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B2B Process B2C Credit Cards 88

PYMNTS

SEPTEMBER 21, 2017

Secure credit card and ACH payment processing solutions provider ProPay, owned by TSYS, is upgrading its disbursements and commission payments facilitation platform, the company said this week. In an announcement , ProPay said it can now facilitate these transactions across borders and across channels.

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Push-to-Card Credit Cards Funds Transfer Laws 51

Fintech Labs Insights

MAY 19, 2016

International payments service. International payment service for small businesses. Tags: SMB, payments, cross border, FX, remittances. Source: Crunchbase. Latest round: $38.5 million Series C. Total raised: $61.5 HQ: Seattle, Washington. Source: Crunchbase. Japanese Bitcoin exchange. CallforLoans.

FinTech 18

FinTech Debit Card Underwriting Non-Bank 18

Fintech News

MAY 23, 2024

With a wide array of offerings, Maybank Islamic operates across more than 354 touch points in Malaysia and has an international presence in Dubai, Indonesia, Singapore, Hong Kong, London, and Labuan. The Retail Banking segment handles deposits from individual customers and offers consumer loans, credit card facilities, and fund transfers.

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Online and Mobile Banking Treasury Non-Bank Credit Cards 133