PYMNTS

SEPTEMBER 17, 2020

Last month, AscendantFX Capital, a Toronto-based cross-border payments provider, joined the SWIFT network. By using its Global Payment Initiative (GPI), the company said it hopes to access better API capabilities and improve its aPay platform.

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Cross-Border SWIFT Cross-Border Payments Value Added Service 139

PYMNTS

AUGUST 13, 2019

The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. Around the Faster Payments World. The country’s central bank announced that the rail processed 5.1 About the Tracker.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

MAY 31, 2016

These are the types of international payments that need to land in a country in both local currency and others, like the U.S. There are other key differentiators in this type of global payments service, the executive said. in the first world, it’s not an issue,” Hils said of providing faster payments.

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Faster Payments Cross-Border Cross-Border Payments Payments 41

PYMNTS

AUGUST 12, 2020

AscendantFX Capital , which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. 12) press release.

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Cross-Border SWIFT Cross-Border Payments Payee 77

PYMNTS

MARCH 8, 2017

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Enter the new PYMNTS.com B2B API Tracker™.

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B2B Same Day ACH API ACH Network 76

PYMNTS

DECEMBER 6, 2017

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. The evolution of blockchain-based services. Collaboration between FinTechs and banks.

B2B 73

B2B Cross-Border Blockchain Small Business 73

PYMNTS

SEPTEMBER 7, 2017

“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, faster payments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous.

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Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

SEPTEMBER 16, 2020

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments. Faster Payments and BACS schemes. Eedenbul Secures PSD2 License.

Cross-Border Payments 56

Cross-Border Payments Payment APIs and Integration Cross-Border Small Business 56

PYMNTS

JUNE 16, 2016

Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures. ” Payments Security.

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Security B2B SWIFT Faster Payments 43

PYMNTS

DECEMBER 12, 2019

Such solutions can also help third-party developers build new tools that leverage rapid payments, providing customers with even more offerings. This month’s Deep Dive examines the advantages of utilizing API-centric approaches to provide businesses with faster payments. . APIs For Accessing Real-Time Payment Rails.

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API Payment APIs and Integration Real Time Payments B2B 52

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. “Anything new that comes out will almost certainly be with this standard,” Carlsson said of ISO 20022.

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ISO 20022 ISOs Fed AFP 40

PYMNTS

SEPTEMBER 19, 2017

The disruptors range from machine learning and blockchain to APIs and faster payment initiatives, and banks have a choice to make when pursuing these tools. According to Finastra Deputy CEO Simon Paris, the report reveals an opportunity for banks to not only improve satisfaction among corporate clients, but to boost income.

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Innovation Payment APIs and Integration Non-Bank Fraud Detection 43

PYMNTS

MARCH 17, 2016

The company, which uses a hybrid of blockchain technology and other payment rail infrastructure to enable cross-border payments, said it will look to capitalize on the demand spike for global payment services during the Olympic games, where hundreds of thousands of people will flock from all over the globe.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Blockchain Payments 40

PYMNTS

OCTOBER 7, 2019

First Investment Bank ( Fibank ) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT data shows that about 36 percent of gpi transfers reach their destination within 5 minutes.

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SWIFT International Payments Correspondent Payment Message 43

PYMNTS

SEPTEMBER 3, 2018

In the late-August, computer manufacturing company IBM said it debuted a blockchain-based payment system, with offerings that enable cross-border transactions. Payments Initiatives In Africa. That system is called World Wire and is to be run on the Stellar network. The latter is a government-owned bank.

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Blockchain API Distributed Ledger Technology (DLT) Cross-Border 41

PYMNTS

JULY 22, 2016

VocaLink is all about two things: enabling digital account to account money movement and using its rails to power faster payments initiatives. The payments game overnight just got a lot more interesting. So far, that’s in Singapore, U.K. And as a result of a software update?

PayPal 41

PayPal ACH Payments Visa 41

PYMNTS

JULY 4, 2018

Regulatory disruption — think GDPR and open banking rules — shook up the business financial services market, while blockchain continued to dig deeper into use cases like trade finance and global payments. PYMNTS takes a look back at some of the most popular B2B payments stories of the year so far. Visa Buys Fraedom.

B2B 40

B2B Payment APIs and Integration Push-to-Card Visa 40

PYMNTS

OCTOBER 24, 2019

But with expectations that more corporates will outsource functions like multi-bank connectivity, Lutz said it’s up to these third-party service providers — especially banks — to be up for the task of managing growing complexity resulting from regulations, faster global payment initiatives, and intensifying data integration needs.

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Treasury Treasury Management Cross-Border Payment APIs and Integration 40

PYMNTS

JUNE 20, 2016

Faster Payments Won’t Just Be About Speed. At the start of the year, the narrative around a new set of payments rails in the U.S. Every mandated faster payments initiative worldwide was predicated on the need for speed – not just faster but in real-time. was all about the need for speed.

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Online and Mobile Banking Payments Credential Faster Payments 47