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As the artificial intelligence revolution reshapes industries at an unprecedented pace, AIsa announces the launch of its revolutionary payment infrastructure tailored to the unique needs of the AI economy. Programmable Payments: Smart contract integration for automated transactions. Cost Barrier: High fees (2.9% + $0.30
Tietoevry Banking today announced the integration of Visa B2B Connect, a Visa Direct offering, into its Tietoevry Payment Hub. For decades, cross-border payments between businesses have been fraught with obstacles and many of these problems have been getting worse.
Viamericas , a leading provider of remittance and international money transfer services, has launched its open paymentnetwork in the Philippines. Financial institutions, payment service providers, and fintech companies can connect to the open paymentnetwork through Viamericas’ API.
Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments. With payment failures costing the global economy an estimated US$118.5
EuroPA is an alliance of national digital payment champions – 𝗕𝗮𝗻𝗰𝗼𝗺𝗮𝘁(Italy), 𝗕𝗶𝘇𝘂𝗺 (Spain), 𝗠𝗕 𝗪𝗔𝗬 (Portugal), 𝗕𝗹𝗶𝗸 (Poland), 𝗜𝗥𝗜𝗦 (Greece), and 𝗩𝗶𝗽𝗽𝘀 𝗠𝗼𝗯𝗶𝗹𝗲𝗣𝗮𝘆 (Nordics). Wero enables instant, account-to-account (A2A) payments without relying on traditional card networks.
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. million Series A funding round led by Sequoia Capital Southeast Asia.
Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. Integration headaches: Open Banking, APIs, and AI-driven automation often require costly, unreliable workarounds. But as the financial landscape evolves, that mindset is in danger of proving very costly.
Skyfire , the worlds only paymentnetwork built for the AI Agent economy, has announced its exit from Beta and the official rollout of its full-featured payments infrastructure, introducing a suite of powerful features designed to enable frictionless, autonomous transactions for AI-driven economies.
Bank payment company GoCardless has announced a partnership with Optty , a paymentsAPI platform, to help medium and large businesses in Australia to simplify their payment processes, operate more efficiently, and scale with ease.
The service, developed in partnership with providers including Amazon Web Services (AWS) , is aimed at helping firms roll out new payment tools more efficiently. It also supports integration with modern payment technologies, such as ISO 20022-based Transaction APIs, and offers private, seamless connectivity across the region.
Morgan Payments is adding the Netherlands-based paymentsnetwork iDEAL as a new payment method option at the checkout of its global commerce platform, in a move to expand its European e-commerce capabilities. Expansion plans The integration of iDEAL comes after J.P Morgan Payments for payment processing.
Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time paymentsnetwork using their existing Swift infrastructure. This eliminates the need for complex and costly APIintegrations, making cross-border payments faster and more affordable.
Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time paymentsnetwork.
The agreement brings together OpenPayd’s API-based payment and banking services with Circle’s infrastructure for USDC, a dollar-denominated stablecoin issued by regulated affiliates of Circle. The primary goal of this partnership is to support cross-border transactions and digital asset operations for enterprise clients.
As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.
IDEMIA Secure Transactions (IST) has partnered with the National Payment Corporation of Vietnam ( NAPAS ) to help expand the country’s digital payments infrastructure. Through the partnership, NAPAS will integrate ISTs tokenisation technology into its domestic paymentnetwork, which connects over 40 banks.
Ondo Finance announced today that it will be the first provider to bring real-world assets (RWA) to the Mastercard Multi-Token Network (MTN), a digital network connecting financial institutions with businesses to improve cross-border payment experiences.
Payment and financial solutions provider Finzly announced this week that Live Oak Bank has enhanced its commercial and small business banking services by implementing Finzly’s Fedwire solution. It is the main network in the US used by businesses and government agencies for large and/or time-critical payments.
Global financial technology leader FIS ® (NYSE: FIS) has announced the launch of its Money Movement Hub, an innovative payments solution that helps to simplify the back-end infrastructure of financial institutions by enabling them to connect to multiple paymentnetworks and process payments in one place.
ACI Worldwide has unveiled ACI Connetic , a new cloud-native platform designed to streamline payment processing for banks and financial institutions. The platform integrates multiple payment types, including Swift cross-border payments, real-time gross settlement systems like Target2, and SEPA Instant paymentnetworks such as RT1 and TIPS.
Orbital has partnered with ClearBank Europe to expand real-time euro payment options. The Orbital ClearBank partnership connects SEPA rails with stablecoins, driving innovation in cross-border digital payments. If those rails aren’t real-time, then the overall payment flow isn’t either.
Banks, digital wallets and remittance businesses will now have an easier time sending money to Uzbekistan as Paysend , the digital paymentnetwork extends its cross-border payment facilities. This launch empowers fintechs to take full advantage of Paysend’s single API with existing coverage in 170+ countries.
Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. And unfortunately, more work is ahead for everyone.
Morgan Payments is expanding its European e-commerce capabilities, enabling our merchant clients to offer their customers a varied choice of payment options to suit their needs with the integration of iDEAL , the leading paymentsnetwork in the Netherlands, as a payment method at checkout to our global Commerce platform.
Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Artificial intelligence ensures regulatory compliance and fraud protection.
Jack Forestell, Visa’s Chief Product and Strategy Officer said , “Combining the strength of our global network with our leadership in payment innovation here in Asia Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”
DECTA , a leading provider of technical payment solutions, is excited to announce the launch of the DECTA Fintech Fast Track—a program designed to fast-track the journey of innovative fintech companies entering the card issuing and payment acquiring industry. ” said Nikita Melnikovs, Board Member at DECTA. .”
Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.
This collaboration enhances the Borderless.xyz network by integrating Capas local payment rails, enabling seamless, faster, and more cost-efficient transactions for financial institutions, payments companies, fintechs, and corporates operating in Mexico.
Dennis Jones, senior marketing manager at Jack Henry, positioned payments-as-a-service, banking-as-a-service, and fintech partnerships as cost-effective ways to drive efficiencies and reduce fraud rates without replacing existing infrastructures. Affidavit PDF documents are created in a fully automated way.
These banks introduced formal ledger-based accounting and cheque payments. Cheque System: The cheque emerged as a formal payment instrument, requiring physical movement and manual clearing processes. This was a significant step towards non-cash payments but was slow and prone to errors.
PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Partnership Via API. In the past, all of this would need to come through integration to one company.
It supports various paymentnetworks such as FAST in Singapore, RTGS in Malaysia, and InstaPay and PESONet in the Philippines. The service incorporates Payout APIs, allowing for the management of mass payouts, particularly for marketplace and platform-based businesses.
The new offering enables Israeli and global Airwallex customers to open accounts, facilitating seamless transactions in ILS via the Israeli paymentnetwork. Customers can access the service through Airwallexs Business Account, Core API, or Embedded Finance solutions, ensuring integration with existing financial workflows.
The new launch unlocks instant payouts directly to Uzbekistans leading local card schemes, Humo and Uzcard, expanding Paysends existing support for Visa and Mastercard payments in the region. This launch empowers fintech to fully take advantage of Paysend’s single API, which has coverage in 170+ countries.
Embedded payments are becoming a staple in the B2C world, and more businesses are also jumping on board, aiming to streamline and automate processes from payroll (automated invoicing) to procurement (trade credit). However, B2B transactions in embedded payments are more challenging and don’t flow as easily as B2C ones.
Mastercard Cloud Edge, a cloud-based connectivity solution, created by payments giant Mastercard and cloud providers, including Amazon Web Services (AWS), will now enable Asia Pacific banks and fintechs to streamline the launch of payments tools as said financial institutions can now onboard onto Mastercard’s network up to four times faster.
In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Terms of the deal were not disclosed.
Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. What’s more, Currencycloud’s platform is flexible, scalable, and integrates seamlessly with ours to enable a smooth and efficient user experience.
Narmi’s Co-Founder Nikhil Lakhanpal — building an API-driven digital banking platform In today’s episode, Kailee Costello hosts Nikhil Lakhanpal , Co-Founder at Narmi. There are many integrations, there are many pieces of functionality you can add on. What’s your next loan payment due? So obviously, it gets way more complicated.
Alchemy Pay , the world-leading fiat-crypto payment gateway, has partnered with Mastercard to verify authentic users and prevent fraud in the application process. To date, Alchemy Pay’s ramp paymentnetwork has grown to encompass more than 300 payment channels spanning 173 countries, supporting over 50 fiat currencies.
Today, Skyfire Systems, Incorporated announced the launch of the world’s first paymentnetwork built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. Today, AI Agents can’t be served, unable to make or receive payments without human help.
Visa announced today that Visa B2B Connect is live in 62 countries, and has added Infosys as a new integration partner. When Visa’s global head of Business Solutions Kevin Phalen opened up this year’s PYMNTS B2B Payments Executive Forum, he made the case that the B2B payments arena is in the midst of a transformative shift.
Standard Chartered has announced a new collaboration with Visa through the Visa B2B Connect network to streamline cross-border payments for its corporate clients. This setup is intended to minimise delays and costs associated with cross-border payments.
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