Fintech News

NOVEMBER 20, 2024

Cross-border payment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. A focus on Southeast Asia Founded in 2017 and headquartered in Shanghai, XTransfer is a business-to-business (B2B) cross-border payment specialist. Today, 90% of our transactions are reviewed automatically.

Cross-Border Payments 127

Cross-Border Payments Cross-Border B2B Due Diligence 127

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. SWIFT gpi payment data can help people find out why a wire transfer was rejected or canceled, or discover the source of a wire status change.

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

Stax

JUNE 27, 2024

If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. International wire transfers can take up to 7-10 days Costs and fees Around 1% of the payment amount.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

DECEMBER 1, 2020

Legacy cross-border payment methods that may have been inconvenient but endurable in 2019 no longer serve firms’ needs in 2020. Last year saw 68 percent of companies using wire transfers to transact with international business partners, but more firms are now regarding this approach as too friction-heavy.

Cross-Border 87

Cross-Border B2B Cross-Border Payments Wire Transfer 87

Payments Source

JANUARY 7, 2019

Wire transfers have higher fees and fraud risk than other methods, according to Chen Amit, CEO of Tipalti.

Wire Transfer 77

Wire Transfer Wire Wires Small Business 77

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

OCTOBER 25, 2016

The product is called Visa B2B Connect and, according to recent reports, will use a network modeled after the one powering bitcoin to navigate the complex world of cross-border payments between two companies. To download the October edition of the PYMNTS X-Border Payments Optimization Tracker™, click the button below.

Cross-Border Payments 80

Cross-Border Payments Cross-Border Bitcoin Wire Transfer 80

Fintech Finance

JULY 10, 2024

This marks a first-of-its-kind move for the medical tourism industry, which has largely remained reliant on cash and wire transfers, leading to a lack of financial transparency and limited payment options for individuals seeking treatments abroad.

Cross-Border 97

Cross-Border Visa Wire Transfer Accreditation 97

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 a wire transfer? Wire transfers are particularly useful for urgent or high-value transactions.

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

Fintech Finance

JUNE 20, 2025

The DTCPay Mastercard partnership marks a major step forward in global payments, offering users a fast, secure, and seamless way to transfer money internationally. By tapping into Mastercard’s global money movement capabilities, dtcpay users will enjoy enhanced speed, security , and transparency for their cross-border transactions.

Visa 52

Visa Cross-Border Payment APIs and Integration Cross-Border Payments 52

PYMNTS

OCTOBER 11, 2016

Though cross-border trade is a desirable opportunity, it requires businesses to face currency exchange risks and complexities in dealing with different banking systems. More than ever before, international commerce has been brought within reach of smaller businesses, and they are more than ready for the opportunity.

Cross-Border Payments 75

Cross-Border Payments Cross-Border Risk International Payments 75

Clearly Payments

OCTOBER 31, 2024

Cross-Border Appeal : Cryptocurrency payments are especially advantageous for cross-border transactions, with lower fees than traditional international bank transfers. Adoption Rate : Cryptocurrency payment usage remains niche but is growing, with over 420 million crypto wallet users worldwide in 2023.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

NOVEMBER 13, 2020

The cross-border B2B payments space experienced a small drop in growth during the first half of 2020 due to the COVID-19 pandemic’s effects, but it is expected to continue expanding despite this hiccup. Many firms still process cross-border transactions through wire transfers. companies losing roughly $1.77

Cross-Border 64

Cross-Border Wire Transfer B2B Wire 64

The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

PYMNTS

OCTOBER 10, 2018

Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail. counterparts are not available.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

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. What is a Wire Transfer? An ACH transfer usually falls between $0.2

Wire Transfer 52

Wire Transfer Wire Wires ACH 52

PYMNTS

MARCH 23, 2020

Facilitating cross-border payments can be problematic for businesses and their partner banks, especially as real-time payment platforms become more popular. The cross-border payment problem . Wire transfers are becoming less viable for these services, too, particularly as existing costs and frustrations mount.

Cross-Border Payments 61

Cross-Border Payments Cross-Border Wire Transfer Wire 61

Nanonets

SEPTEMBER 28, 2023

​Making a wire transfer with Paypal is a very simple process. You will need to have a Paypal account and you will need to have the routing number for the bank that you want to transfer the funds to. What is a Wire Transfer? What is Required to Send a Wire Transfer with Paypal?

Wire Transfer 52

Wire Transfer Wire Wires PayPal 52

Nanonets

SEPTEMBER 28, 2023

​Making a wire transfer with Paypal is a very simple process. You will need to have a Paypal account and you will need to have the routing number for the bank that you want to transfer the funds to. What is a Wire Transfer? What is Required to Send a Wire Transfer with Paypal?

Wire Transfer 52

Wire Transfer Wire Wires PayPal 52

PYMNTS

DECEMBER 23, 2020

These expectations are prompting businesses that want to retain or grow their freelancer relationships to conduct the complex currency conversions and other cross-border payments compliance aspects far faster than they traditionally have. Freelance Flexibility And Cross-border Payments.

Cross-Border Payments 108

Cross-Border Payments Cross-Border Wire Transfer Wire 108

The Payments Association

JUNE 20, 2025

We’re working to change that by helping firms implement it intelligently, across borders, and without unnecessary friction. Whether it’s crypto controls, sanctions governance or wire transfer procedures, we’re helping compliance teams move from policy to practice.

Travel Rule 88

Travel Rule Wire Transfer Financial Crimes Compliance 88

The Fintech Times

FEBRUARY 21, 2024

Having reflected on what the top priority is for businesses looking to enter the cross-border payments space, we now turn our attention to the future, and how the sector will evolve in 2024. “In 2024, cross-border payments volumes will continue to grow rapidly. .”

Cross-Border Payments 78

Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

PYMNTS

AUGUST 13, 2019

Bantotal , a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports. He also said that money transfers will be faster and five times cheaper than traditional international wire transfers.

Cross-Border Payments 63

Cross-Border Payments Cross-Border Bitcoin Process 63

Nanonets

SEPTEMBER 28, 2023

= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. In this blog, we will explore the challenges of cross-border payments and some possible solutions to mitigate those risks. What Are Cross-Border Payments?

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wire 52

Stax

APRIL 10, 2025

An ACH transfer is an electronic movement of funds from one bank account to another via the ACH (automated clearing house) network, while a wire transfer uses a secure network like SWIFT (Society for Worldwide Interbank Financial Telecommunication) or Fedwire (Federal Reserve Wire Network) to initiate the movement of funds.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

PYMNTS

MAY 18, 2017

Many payment providers are set up to aid transactions on a low value, low volume basis, Althaus said, “but as the size of cross-border payments gets into the thousands, tens of thousands and hundreds of thousands of dollars, this opens up a whole other level of complexity from the view of compliance” and the process of moving money.

Cross-Border 59

Cross-Border Process Wire Transfer Wire 59

Fintech Finance

OCTOBER 28, 2024

Integrating with PCBB’s payment services means access to straight-through processing of foreign wire transfers, Swift GPI tracking, and enhanced transparency into payment statuses. We’re excited to enable integration of our services with Finzly BankOS.

International Payments 97

International Payments Cross-Border Payments Wire Transfer Cross-Border 97

PYMNTS

JANUARY 8, 2021

Among other topics extensively reported, PYMNTS' latest Global B2B Payments Playbook , done in collaboration with Worldpay B2B Payments , zeroes in on international B2B payments friction, and how digital invoicing and payments are making it easier for B2B funds to cross borders. Cash Management Moving in Virtual Directions.

Cross-Border 61

Cross-Border B2B Automation Cross-Border Payments 61

PYMNTS

JULY 7, 2020

Nowhere is this change more apparent than cross-border payments, where a host of payment providers are offering new alternatives to the tedious and opaque correspondence banking protocols that have historically dominated the industry. Businesses are well aware of the boost that cross-border commerce can have on their bottom lines.

Cross-Border Payments 62

Cross-Border Payments Cross-Border Payments API 62

Fintech Finance

MAY 10, 2024

This cloud-based payment platform service allows Austrian businesses to open US payment accounts without a physical presence, streamlining global transactions for cross-border expansion. Businesses can make fast and cost-effective transfers through ACH, mailed checks, and wire transfers.

Facilitators 105

Facilitators Transactions Wire Transfer Cross-Border 105

Fintech Finance

AUGUST 1, 2024

Nium, the global leader in real-time cross-border payments, has announced the expansion of its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come. The move makes Nium one of the only providers to offer a network this wide.

Cross-Border 98

Cross-Border Cross-Border Payments Wire Transfer Wire 98

PYMNTS

APRIL 22, 2020

Online-native companies and the cloud-based applications they run on have indeed lowered barriers for small and medium-sized businesses (SMBs) to connect with customers, business partners and even employees across borders. “You won’t think of it as ‘crossing borders.'” ” .

Cross-Border 96

Cross-Border Economy Cross-Border Payments Multi-Currency 96

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. Privately-owned companies are also looking to solve the cross-border payments problem.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

Fintech Finance

SEPTEMBER 13, 2024

In particular, the guideline outlines operational differences that financial institutions need to understand, including how real-time payment networks differ from traditional ACH and wire transfers. The post U.S.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

PYMNTS

NOVEMBER 17, 2020

Does it do so by old-school wire transfer? Many of the biggest challenges of B2B payments occur in the context of cross-border transactions. the company is gearing up to roll the service out internationally next year, and to develop other solutions for cross-border B2B payments. Maybe ACH ?

B2B 128

B2B Visa Cross-Border ACH 128

PYMNTS

NOVEMBER 1, 2017

31) said MineralTree will integrate its AP solutions into the Western Union offering, enabling business customers of Western Union to pay their vendors across borders. An announcement Tuesday (Oct.

Cross-Border 49

Cross-Border Wire Transfer B2B Payments 49

PYMNTS

JANUARY 26, 2021

The guidelines expand to include virtual asset transfers and exchanges, as well as virtual asset storage and management in BSP’s licensing requirements and regulations, including its anti-money laundering (AML) and countering the financing of terrorism rules.

Wire Transfer 97

Wire Transfer Blockchain Wire Wires 97