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Faster Payments Go Live In Hong Kong

PYMNTS

In March, the Hong Kong Monetary Authority (HKMA) announced plans to introduce a faster payments system that will link into 20 banks and eight electronic payment operators, with payers able to use mobile phone numbers or email addresses to make payments in the Hong Kong dollar or renminbi.

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RegTech, AI Fuel Strong B2B FinTech Numbers

PYMNTS

leads the rest of the world in the total value of FinTech investment due to the large amount of funds available to invest in the market, with investors focusing on late-stage, clear front-runner FinTech companies,” said KMPG U.S. Financial Services FinTech Practice Co-Leader Anthony Rjeily in a statement. million, according to reports.

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Western Union Rolls Out Full API Access For International Payments

PYMNTS

“Our goal is to help customers integrate their data, in turn expanding their global reach and managing their international payments more efficiently, while maintaining our commitment to leading the industry in offering the highest standards of security,” Johnson said. Domestic and cross-border payments are supported in over 130 currencies.

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Small Banks Essential To Faster Payments Ubiquity

PYMNTS

Several years later, the initiative has made big strides as other markets around the globe look to the U.K. to launch their own faster payments efforts. But there is still a long ways to go, and in the several years since the Faster Payments initiative first began, it’s also morphed to evolve along with the technology available.

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

These processes are facilitated by a network of financial institutions and technologies that work together to ensure the seamless and secure transfer of data and funds. The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details.

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Faster Payments Readies Global Payroll For A Paradigm Shift

PYMNTS

According to Guez, collaborating with third-party providers is a useful tactic for payroll firms like Papaya Global to promote accuracy and compliance in individual jurisdictions, although she said the company is currently developing a proprietary, automated payment transfer function to meet global payroll demands.

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What Industry Players Really Expect From 2017

PYMNTS

Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take.