Fintech Finance

OCTOBER 11, 2024

Today, Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets [1] worldwide, with plans for further expansion. Mastercard is one of the largest payment networks, with over 3.4 billion debit, prepaid and credit cards issued globally as of Q2 2024.

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Fintech News

JUNE 29, 2025

Remsea received the largest fine of S$280,000 for breaches between August 2020 and August 2023, including failing to obtain customer residential addresses, check for beneficial ownership, verify representatives’ authority, and include required information in cross-border wire transfers.

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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.

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The Fintech Times

MAY 3, 2025

To offer businesses seamless, efficient and cost-effective cross-border transactions, Cross River Bank , a tech infrastructure provider that offers embedded financial solutions has announced the launch of its new International Payments solution.

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International Payments Cross-Border Cross-Border Payments Same Day ACH 69

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.

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Cross-Border B2B Cross-Border Payments Wire Transfer 87

Finovate

FEBRUARY 20, 2025

The goal of the new format is to enhance the quality of financial messaging, facilitate cross-border payments, and reduce manual processing. Finzly’s Fedwire solution provides instant settlement, real-time visibility, and complete automation for Fedwire payments.

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Payments Source

FEBRUARY 20, 2019

Bill.com is eliminating wire-transfer fees for businesses making electronic payments in local currencies in key global markets, as competition in the small- to midsize B2B payments sector heats up.

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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.

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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?

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

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. While still niche, these options could play a larger role in cross-border payments, with stablecoins providing a more stable digital currency alternative.

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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.

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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.

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Fintech Finance

MARCH 26, 2025

This strategic milestone is significant for FV Bank clients as it expands inbound wire options alongside stablecoin-based payment rails. ” FV Bank account holders who use SWIFT will now enjoy a simpler and more secure experience when receiving cross-border payments, with access to a global network of financial institutions.

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Fintech Finance

JUNE 20, 2025

By tapping into Mastercard’s global money movement capabilities, dtcpay users will enjoy enhanced speed, security , and transparency for their cross-border transactions. This strategic DTCPay Mastercard partnership provides a new standard for cross-border transactions.

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PYMNTS

JUNE 15, 2017

According to some recent reports, there are a trillion reasons for smaller merchants to get active in cross-border commerce. An estimated 94 million online shoppers are expected to spend $1 trillion on cross-border eCommerce by 2020. merchants from engaging in cross-border trade.

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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

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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. .”

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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.

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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.

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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.

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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?

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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.

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PYMNTS

AUGUST 14, 2020

Such an expanding and accelerating cooperative landscape pushed Payoneer to recently launch the latest version of Payoneer for Banks, its mass payouts and cross-border payments platform. For example, Airbnb and Google both leverage the platform for their cross-border payment needs.

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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.

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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.

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Payments Source

JANUARY 7, 2019

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

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PYMNTS

SEPTEMBER 1, 2020

More money crossing borders digitally. But as the BIS wrote: “Despite the decline in the number of active correspondents and corridors, both the value and volume of cross-border payments processed via correspondent banking networks continued to grow in the last year, by roughly 5 percent and 4 percent respectively.

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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.

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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. How do wire transfers work?

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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. As a result, Finzly customers can process international wires faster, more easily, and with greater efficiency for a seamless cross-border payment experience.

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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.

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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.

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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. Thieves attempted to steal $5.3

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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.

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Wharton Fintech

JANUARY 18, 2024

Airwallex CEO and Co-Founder Jack Zhang — empowering businesses to grow beyond borders In today’s episode, Kailee Costello hosts Jack Zhang , the CEO and co-founder of Airwallex. It empowers a lot of the global businesses to grow beyond borders. And we thought there must be a better way of making payments cross-border.

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Cross-Border Cross-Border Payments Payment APIs and Integration Cryptocurrency 130

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.

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Small Business Wire Transfer BNPL ACH 88

The Fintech Times

JANUARY 9, 2025

FV Bank strengthened its cross-border offering allowing it to provide its global customers with a wider range of deposit options. The ability to instantly convert PYUSD to USD – and vice versa – provides a solution for global customers by reducing the processing times and associated fees of traditional bank wires.

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Stablecoins PayPal Direct Deposit Cross-Border 59