PYMNTS

JUNE 13, 2019

The transactions between businesses are done on an account-to-account basis, as opposed to using the existing correspondent banking network — which, of course, relies on intermediaries. It has also linked with MoneyNetInt on cross-border payment processing in the U.S.

B2B 75

B2B Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions. Across the pond, meanwhile, the U.S.’s

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

The Paypers

JANUARY 15, 2019

(The Paypers) Euro Exim Bank has signed up for payment network RippleNet, putting Ripple ’s digital currency XRP on a potential path to replace correspondent banking.

Correspondent 40

Correspondent Correspondent Bank Digital Currency Payment Networks 40

PYMNTS

DECEMBER 15, 2020

In B2B payments, added Visa Direct Vice President of Global Segments and Market Development Tim Summers , businesses don't care exactly how funds get from Point A to Point B, but the rails that facilitate the movement of funds must do so seamlessly. They want a user-friendly solution, but most importantly, they want those funds," he said.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

CB Insights

JANUARY 28, 2020

B2B cross-border payments company Ripple offers an alternative to transferring money via the correspondent banking system, which has long faced criticism for being slow, opaque, and costly. We analyze Ripple’s: Funding history.

Cross-Border Payments 43

Cross-Border Payments Correspondent Bank FinTech Cross-Border 43

PYMNTS

JULY 31, 2019

Visa’s approach has been a cross-border payments platform called Visa B2B Connect that processes payments directly with Visa’s partners in a single day rather than routing out of network. Mastercard has instead purchased cross-border transaction providers to expand its payments networks and offer similar solutions.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

CB Insights

JANUARY 22, 2020

Enterprise payments network Ripple raised the highest amount of funding in the quarter — a $200M Series C round from SBI Group, Tetragon Financial Group, and Route 66 Ventures, which valued the company at $10B. Largest funding rounds point to enterprise applications Focus.

Blockchain 79

Blockchain Cryptocurrency Cross-Border Payments Correspondent Bank 79

Fintech Finance

JUNE 6, 2024

BS2 will also join Nium’s network of partner banks, acting as Nium´s Brazilian Real (BRL) Correspondent Bank and assisting real-time payment settlement for cross-border transfers from Brazil’s Instant Payment Network, PIX.

Settlement 52

Settlement Cross-Border Cross-Border Payments Correspondent Bank 52

PYMNTS

OCTOBER 28, 2019

Account information service providers will have improved account visibility, and payment initiation service providers will be able to integrate with Western Union ’s payment network and correspondent banks.

API 51

API International Payments Payment APIs and Integration Cross-Border 51

The Fintech Times

NOVEMBER 5, 2024

Alongside enhancing the service it offers millions of its own customers, the move also benefits millions more users of some of the world’s largest banks and financial institutions, such as Bank Mandiri , which offer their customers international payments through Wise Platform.

Real Time Payments 59

Real Time Payments Cross-Border Payments Cross-Border Correspondent Bank 59

PYMNTS

SEPTEMBER 11, 2019

Last week, seven European payments operators announced the European Mobile Payment System Association initiative, a new pan-European network focused on cross-border mobile payments. Last week, SWIFT launched a new API standard for the pre-authorization of funds.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

AUGUST 16, 2019

In 2017, the European Payments Council launched the pan-European Single Euro Payments Area ( SEPA ) Instant Credit Transfer System, and Southeast Asian countries Indonesia, Malaysia, Singapore, Thailand and Vietnam agreed to establish a real-time cross-border payments network. and Australia’s NPP. innovations.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

OCTOBER 24, 2016

Blockchain also negates the need for a hierarchy in the payment system, both among banks and among corporates. “With the correspondent banking system, most FIs don’t have relationships with each other,” the executive said. Visa’s 17,000-plus banking partners all trust Visa’s payments network.

Blockchain 77

Blockchain B2B Real Time Payments Payer 77

PYMNTS

DECEMBER 18, 2019

As funds move across borders, they must often jump from one national payments network to another, a hurdle that MoolahGo CEO John Hakim recently told PYMNTS can add significant friction to transactions. It’s moving slowly.”.

B2B 52

B2B Credit Union Electronic Funds Transfer (EFT) RTP 52

PYMNTS

DECEMBER 17, 2019

Payment rails are undergoing significant innovation, a trend that promises to continue into the 2020s in various areas. Earlier this year, for instance, Visa launched Visa B2B Connect , an end-to-end payments network, across more than 30 countries to start. It also gained control of Earthport , having bought the U.K.-based

Central Bank 52

Central Bank Global Payments Cross-Border Payment APIs and Integration 52

Evolve Payment

SEPTEMBER 29, 2023

More Instant Peer-to-Peer (P2P) Payments Waiting days for payments to clear will become a thing of the past in 2024. Instant payments will become the norm, enabled by technologies like real-time payment networks and blockchain.

Industry Trends 52

Industry Trends Contactless Payments ISO 20022 Cross-Border 52

Segpay

JUNE 13, 2024

Source: pymnts.com Its speed, competitive pricing, and integrated fraud management features are bound to attract a wide network of participating FIs. FedNow Key features include: Real-time Payments: Enables funds to be transferred instantly, 24/7/365.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

PYMNTS

DECEMBER 30, 2019

In an interview with PYMNTS , Ripple Senior Vice President of Business and Corporate Development Kahina Van Dyke explained why building new infrastructure from the ground up can be an effective way to combat friction in the legacy correspondent banking system that lacks transparency and is plagued by slow transaction speeds and high FX costs.

Innovation 42

Innovation Cross-Border Commercial Card B2B 42

PYMNTS

OCTOBER 22, 2019

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. Consumers are not spared from the space’s frictions, either.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

PYMNTS

DECEMBER 23, 2019

” Visa’s existing global network can enable payment senders to mitigate the friction of the traditional correspondent banking network, while retaining a competitive advantage of enabling real-time push payments to recipients, he explained.

Use Case 41

Use Case Cross-Border Cross-Border Payments Push-to-Card 41

PYMNTS

AUGUST 2, 2018

Said Rhodes, if choices abound amid networks for how to get payments between buyers and sellers – if there is a Ripple path, if there is a corresponding banking path, if there is a closed-loop agreement path – the corporate treasurer has flexibility. Many Paths, One Destination.

B2B 40

B2B Payment APIs and Integration Payments Cross-Border 40

Fintech Review

MARCH 5, 2025

The cross-border payment industry is ripe for disruption, and change is no longer a question of if… but when. How Cross-Border Payments Work International payments rely on a network of correspondent banks. It does not move money but provides messaging services between banks.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 76

Fintech Finance

DECEMBER 17, 2024

Designed specifically to address these problems, Visa B2B Connect is an innovative multilateral payment network which offers an alternative to the unpredictability corporate clients associate with current cross-border correspondent banking processes.

Cross-Border 94

Cross-Border Cross-Border Payments Payment APIs and Integration B2B 94

Fintech News

FEBRUARY 17, 2025

However, there are several challenges could hinder both new and established market players in their bid to provide the fast and seamless payments experience that SMBs and consumers want. In addition, companies can expect decreased customer churn ratesas much as 60% 5and increased reliability and security of payments.

Cross-Border 106

Cross-Border APACS Cross-Border Payments Real Time Payments 106

Fintech News

JANUARY 22, 2025

Transforming Financial Ecosystems with Real-Time Payments Real-time payments are transforming the financial ecosystem in APAC. While some APAC markets have matured in real-time payment adoption, others are still in the early stages. However, a staggering 7.5%

Real Time Payments 120

Real Time Payments APACS ISO 20022 Cross-Border 120