PYMNTS

OCTOBER 10, 2018

counterparts frequently the protagonist offering speedy settlement and robust payment data. Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. “Wires are still a vital piece of the global payments puzzle,” he told PYMNTS.

Wire Transfer

Fintech News

JULY 31, 2024

Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come.

Cross-Border Payments

PYMNTS

NOVEMBER 17, 2020

Cambridge Global Payments , a FLEETCOR firm, and Beanworks Solutions are continuing their collaboration to bring together solutions and offer a full accounts payable (AP) offering to clients, which can streamline their payable workflow spanning between buying and payment for firms that have international business, according to a Tuesday (Nov.

Continuity

PYMNTS

MAY 5, 2016

Cross-border payments company Cambridge Global Payments has announced a new partner to enhance its B2B payment solutions, just weeks after announcing another collaboration with AP automation company Beanworks.

Global Payments

Fintech Finance

JUNE 6, 2024

Monex USA , an expert partner in global payment, corporate FX, and currency risk hedging services, has announced plans to integrate with Payments Exchange from Fiserv , a leading global provider of payments and financial technology.

Wire Transfer

PYMNTS

NOVEMBER 13, 2020

Firms making cross-border moves must also be capable of facilitating swift and seamless cross-border payments, and the health crisis appears to be adding challenges on top of the many that already existed. Many firms still process cross-border transactions through wire transfers. companies losing roughly $1.77

Cross-Border

Fintech News

NOVEMBER 20, 2024

A focus on Southeast Asia Founded in 2017 and headquartered in Shanghai, XTransfer is a business-to-business (B2B) cross-border payment specialist. The company provides a full-featured global payment platform designed to reduce global trade expenses and address gaps in the financial services available to SMEs.

Cross-Border Payments

PYMNTS

OCTOBER 2, 2018

Cross-border payments technology provider AscendantFX is bolstering its offering for financial institutions (FIs) through an integration with WireXchange, the wire transfer service operated by Fiserv. In a press release Tuesday (Oct. In a press release Tuesday (Oct.

Cross-Border Payments

PYMNTS

DECEMBER 23, 2019

The partnership is a demonstration of Visa’s resolve to streamline global payments and TD’s commitment to its customers’ always-evolving preferences. A Visa survey indicates that 36 percent of Canadian snowbirds are exasperated when it comes to cross-border financial issues like transferring money between Canadian and U.S.

Wire Transfer

PYMNTS

SEPTEMBER 11, 2019

According to the Real-Time Payments Innovation Playbook , 26 percent of cross-border businesses rely on international wire transfers, while the next most common method is by paper check (20 percent). Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular.

Cross-Border Payments

PYMNTS

JUNE 13, 2019

In an interview with PYMNTS, Kevin Phalen, head of Global Business Solutions at Visa, told Karen Webster that Visa B2B Connect acts as a brand new, end-to-end global payments network, built on using elements of distributed ledger technology (DLT) and the open source Hyperledger Fabric framework hosted by The Linux Foundation.

B2B

PYMNTS

OCTOBER 11, 2016

SMEs anticipate faster growth in international markets versus domestic, and roughly 46 percent of firms surveyed said they expect to increase their international payments over the next year. But the greater weight placed on global payments does not come without its complications.

Cross-Border Payments

PYMNTS

DECEMBER 8, 2017

San Mateo startup Tipalti, a firm that automates accounts payable and payments cash flow, has partnered on two recent global payment method studies. The study found that wire transfers, PayPal and global ACH were the three most-used methods for international remittances.

Cross-Border

PYMNTS

JUNE 19, 2020

He told PYMNTS about the pain points of traditional wires when SMBs need to move money internationally, and how FinTechs must approach the complex topic of managing money in multiple currencies for small firms that often lack the experience or resources to do so on their own. Cutting The Wire. ”

Wires

PYMNTS

SEPTEMBER 7, 2017

Cross-border B2B payments company Veem is integrating with cloud accounting platform Xero. 7) that a partnership with Xero means joint corporate users will have access to global payments capabilities, with companies able to sync invoices from Xero into Veem to pay bills. Veem announced Thursday (Sept.

Cross-Border

PYMNTS

DECEMBER 18, 2019

Innovation in the payments arena has provided more rails upon which to move money. In B2B payments, though, legacy tools continue to lead. Local and global ACH transfers are used by 29 percent (the same portion of businesses that write checks to make international payments), while 17 percent use prepaid debit cards.

B2B

PYMNTS

NOVEMBER 1, 2017

Companies can pay vendors via check, ACH, virtual card or wire transfer, with the system integrating with bank and credit accounts for streamlined payment disbursement, the companies added. Earlier this year, MineralTree announced another partnership with American Express.

Cross-Border

PYMNTS

JANUARY 4, 2019

Like other instant payment initiatives, the goal is to spur the adoption of electronic payments. In the Middle East, ACI Worldwide said this past week that the National Bank of Kuwait (NBK) has launched the SWIFT global payments innovation (gpi) for its customers.

Instant Payments

PYMNTS

MARCH 8, 2019

The “ State of Mobile 2019 ” shows how apps are taking more command when it comes to global payments and commerce, and how various digital payment technologies can combine to spark larger trends.

FinTech

PYMNTS

APRIL 18, 2017

Cross-border B2B payments company Tipalti has new evidence that companies are more global than ever as its new report, with research conducted by PayStream Advisors, finds that a majority of companies today are conducting cross-border payments. ACH probably takes care of 95 percent of companies’ payment needs,” he said.

Cross-Border Payments

PYMNTS

JULY 15, 2019

When adding other payment types and wire transfers, that brings cross-border transactions into the trillions of dollars. The Xoom expansion, King said, should be placed amid the larger context of estimates by the World Bank that as much as $700 billion annually will change hands in P2P remittance transactions.

PayPal

PYMNTS

DECEMBER 12, 2017

“We are focused on delivering the power of Citi to our clients by building integrated global solutions that connect our clients to every part of our continuously expanding global payments network in an efficient and consistent manner,” said Citi Treasury and Trade Solutions Global Head of Payments and Receivables Manish Kohli in a statement.

Cross-Border

PYMNTS

FEBRUARY 3, 2017

Our enhancement of CashPro with the ACH payments capability is perfectly timed given the exponential growth of global payments around the world. Clients can now process their cross-border payments in a convenient and economical way,” said Ather Williams, head of Global Transaction Services, in the press release.

ACH

PYMNTS

APRIL 21, 2016

A cross-border payments company and an accounts payable solutions provider have joined forces, meshing their tools together to ease friction in global B2B payments. Beanworks will integrate its payments processes into Cambridge’s global tools, which include real-time foreign exchange rate monitoring.

Cross-Border Payments

PYMNTS

MAY 26, 2016

Its new supplier management portal provides a self-service solution for suppliers to manage their contracts and enter payment details. The company has also launched a global payment remittance service to facilitate cross-border payments via ACH, paper check, wire transfer and other rails , according to Tipalti.

Wire Transfer

PYMNTS

MARCH 23, 2018

Global payments provider Hyperwallet is expanding its workforce payments offerings. Last year, Hyperwallet announced an expansion of its own payout capabilities by adding wire payouts via Western Union’s Mass Payments technology.

Payment APIs and Integration

PYMNTS

NOVEMBER 9, 2017

Removing exchange risk often positions a business to negotiate more favorable commercial terms, according to Mark Frey, COO of Cambridge Global Payments , a cross-border payment and currency risk management strategy provider. That’s where foreign exchange (FX) payment providers step in to help.

Cross-Border

Fintech Finance

MARCH 27, 2024

The Scorecard’s findings reveal a significant evolution of mobile payments, particularly in external, inter-bank and global payments and transactions aided by virtual assistants. Banks also recognize the importance of enabling consumers to initiate incoming payments from other financial institutions.

Mobile Banking

PYMNTS

SEPTEMBER 12, 2019

“Developing a new and better cross-border B2B payments solution by improving worldwide connectivity in the account-to-account space is central to Mastercard ’s ambition,” the firm’s executive vice president of New Payment Platforms Peter Klein said in a statement.

AFP

PYMNTS

AUGUST 12, 2016

That makes global payments to these “gig” workers costly and time consuming, and less than ideal in terms of transparency, thanks to rather archaic processes in place. To Download: TOP 5 TRENDS IN GLOBAL PAYMENTS 2017 , fill out the form below: [contact-form-7].

Economy

PYMNTS

NOVEMBER 6, 2018

The bank also announced last month that it would use Ripple ‘s blockchain technology, RippleNet, for its OnePay FX payments platform to streamline and accelerate cross-border payments. At the time, Santander also said it would introduce global payment services into new European markets beyond its existing operations in the U.K.,

Wires

PYMNTS

SEPTEMBER 25, 2019

“We use Bill.com for all our international payments to vendors overseas. With the number of bills we pay, as well as the currency amounts, it took a lot of administration time for the complex tasks required when we sent wire transfers through traditional banks. It’s a lifesaver.”.

Multi-Currency

Fintech Labs Insights

OCTOBER 7, 2015

From online payment portals to unified APIs, Hyperwallet’s global payout network provides collaborative economy companies and their workers with a range of payments capabilities, integrated financial tools, tax reporting solutions, and business support services. Bill Crowley, CPO. Blair Olynyk, Software Architect.

API

Nanonets

FEBRUARY 7, 2024

Use Nanonets Flow AP automation for supplier communications, uploading and capturing invoice data, 3-way invoice matching to POs and receiving reports, routing approvals, and making global payments. You set up controls and get visibility into business spend. Get started with Nanonets Flow. 

Automation

Nanonets

APRIL 10, 2023

Global Payments - You can use Nanonets to process international payments via wire transfer and ACH without leaving the platform. Document Management - Nanonets’ can be used for every step of the document management journey. Pay your vendors, invoices, and employees from the venue on time.

Payment APIs and Integration

BitPay

MAY 8, 2023

Vueling Vueling is one Europe’s first airlines to accept cryptocurrency payments. The low-cost airline will leverage UATP's technology , the global payment network for the airline industry, to allow passengers to pay with crypto. Start accepting payments on your website in a matter of hours or days, not weeks.

Payment APIs and Integration

Nanonets

MARCH 27, 2023

Step 8 Payment To pay the invoices, you can go to Nanonets Flow. You can process ACH payments , wire transfers, or more without paying any transaction fees. Nanonets is an AI-based financial automation platform with in-built OCR software, no-code workflow management, and global payments platforms.

Automation