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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

These shortcomings make the cross-border payment industry ripe for disruption and innovation. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change. By way of concrete examples, the authors cited xRapid.

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B2B Cross-Border Payments Are Speeding Up

PYMNTS

The latest Faster Payments Tracker examines developments in real-time payments with an emphasis on B2B cross-border transactions. FedNow , the Federal Reserve’s planned real-time payment system is not due to arrive until 2024, and it takes time for companies to realize new offerings. What About FedNow? .

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

These businesses typically experience pains similar to those afflicting other companies’ B2B cross-border payments, even though they provide quick P2P remittance experiences for their customers. Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments.