PYMNTS

MAY 3, 2019

It seems that’s the journey for cross-border payments, which are in the midst of a digital disruption as innovators focus on addressing a range of friction points, from sluggish speeds to high costs. Only a few years ago, small businesses lagged in global payments technology uptake.

Global Payments 60

Global Payments Cross-Border Payments Cross-Border Small Business 60

PYMNTS

MARCH 17, 2016

The company, which uses a hybrid of blockchain technology and other payment rail infrastructure to enable cross-border payments, said it will look to capitalize on the demand spike for global payment services during the Olympic games, where hundreds of thousands of people will flock from all over the globe.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Blockchain Payments 40

PYMNTS

SEPTEMBER 6, 2018

However, blockchain is also gaining ground, and currency is offering a boost to the payments infrastructure. To that end, IBM said it launched its Blockchain World Wire , billed as a cross-border payment system that is powered by the Stellar blockchain network.

SWIFT 40

SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

OCTOBER 6, 2016

All of this has occurred as the company has continued to expand the pilot phase of its global payments innovation (gpi) initiative, thus far signing on dozens of major financial institutions to an effort aimed at streamlining cross-border payments. ” The FinTech boom is loud and growing louder. .”

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SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

MARCH 16, 2020

Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected to come by the end of 2022 instead, according to reports. ISO 20022 is set to make changes to the payment landscape as a whole, according to the company.

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ISO 20022 ISOs SWIFT Cross-Border Payments 78

PYMNTS

SEPTEMBER 17, 2020

Last month, AscendantFX Capital, a Toronto-based cross-border payments provider, joined the SWIFT network. By using its Global Payment Initiative (GPI), the company said it hopes to access better API capabilities and improve its aPay platform.

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Cross-Border SWIFT Cross-Border Payments API 139

Payments Source

JUNE 9, 2017

International payments and risk-based services provider INTL FCStone says its London-based global payments division will become a non-bank participant in Swift's global initiative to improve the cross-border transaction landscape.

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SWIFT Payment Initiation Cross-Border Non-Bank 60

PYMNTS

OCTOBER 28, 2019

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. Domestic and cross-border payments are supported in over 130 currencies.

International Payments 51

International Payments API Payment APIs and Integration Cross-Border 51

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service.

SWIFT 54

SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

Payments Source

FEBRUARY 25, 2021

The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options.

SWIFT 102

SWIFT B2B Payment Initiation Global Payments 102

PYMNTS

SEPTEMBER 16, 2020

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments. Payoneer Debuts Program For Banks.

Cross-Border Payments 56

Cross-Border Payments Payment APIs and Integration Cross-Border Small Business 56

PYMNTS

NOVEMBER 4, 2016

Cross-border payments company Earthport can now fulfill cross-border payments initiated in India. 3) said the FinTech company received approval from the Reserve Bank of India to provide outbound international payment services to banks in the country. Reports Thursday (Nov.

Cross-Border Payments 69

Cross-Border Payments Cross-Border International Payments Payments 69

PYMNTS

AUGUST 12, 2020

AscendantFX Capital , which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. Using gpi means payments can go through in a matter of seconds, potentially, with better tracking potential.

Cross-Border 77

Cross-Border SWIFT Cross-Border Payments Payee 77

PYMNTS

APRIL 6, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. The company said it will hope to improve the transparency and speed of global payments with the program.

Cross-Border Payments 41

Cross-Border Payments Cross-Border B2B SWIFT 41

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. TransferWise Integrates With Mambu. Surecomp Wields Open Banking For Trade Finance.

Payment APIs and Integration 95

Payment APIs and Integration FinTech Cross-Border Cross-Border Payments 95

PYMNTS

APRIL 19, 2017

The largest retail bank in Italy has made its first major step onto the stage of real-time cross-border payments. Intesa Sanpaolo announced Tuesday (April 18) that it has successfully completed its first testing activities with EBA Clearing, using technology by Dovetail for pan-European real-time payments.

Real Time Payments 40

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40

PYMNTS

SEPTEMBER 7, 2017

Electronic invoicing, too, will be an important focus to boosting payments efficiency, the Fed said. Other payments initiatives and innovations like faster payments could help promote the end-to-end digitization of payments, the Fed noted. Cross-Border Payments. Collaboration.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

MARCH 28, 2016

China has received some criticism and skepticism over its cross-border payments initiative, spearheaded as CIPS — the Cross-Border Inter-Bank Payments System. Analysts point out that the payments system operates just 11 hours a day and only out of Shanghai.

SWIFT 40

SWIFT Cross-Border Cross-Border Payments Payments 40

PYMNTS

DECEMBER 12, 2019

-based payment processing and validation software firm offers FI and business clients APIs to pre-validate payment details — for example, allowing errors to be caught before cross-border or domestic payments are attempted. This reduces the risk of payments being returned to senders. .

API 52

API Payment APIs and Integration Real Time Payments B2B 52

PYMNTS

NOVEMBER 2, 2016

Last September, Ripple publicly questioned the effectiveness of the Global Payments Innovation initiative of payments technology firm SWIFT. In an interview with PYMNTS, SWIFT Head of Payments Initiatives for the Americas and U.K. Region Stacy Rosenthal took a diplomatic stance in response to the criticism.

SWIFT 75

SWIFT Blockchain NOV Global Payments 75

PYMNTS

MAY 31, 2016

These are the types of international payments that need to land in a country in both local currency and others, like the U.S. There are other key differentiators in this type of global payments service, the executive said. “But the payments system in Haiti or Honduras can’t handle instantaneous payments.”

Faster Payments 41

Faster Payments Cross-Border Cross-Border Payments Payments 41

PYMNTS

OCTOBER 22, 2018

SWIFT said in the press release that Payment Controls is an important way to protect firms as the frequency and speed of payments increases. The service boosts SWIFT’s global payments initiative, otherwise known as gpi, which is a new standard that improves cross board payments.

SWIFT 49

SWIFT Payments Real Time Payments Crime 49

PYMNTS

DECEMBER 6, 2017

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. The evolution of blockchain-based services. Collaboration between FinTechs and banks.

B2B 73

B2B Cross-Border Blockchain Small Business 73

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. Banks could do all sorts of transactions for you, but they charge you for that and rightly so.”

ISO 20022 40

ISO 20022 ISOs Fed AFP 40

PYMNTS

JANUARY 2, 2019

Visa eyed cross-border corporate payments and value-added financial services for corporates, and Mastercard tackled friction in buyer-supplier connectivity within the supply chain. American Express, meanwhile, staked its bets on blockchain with its B2B payments initiatives this year.

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B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

AUGUST 21, 2020

There are signs that the wheels are beginning to churn once again, however, and though not every industry will recover at the same pace, there is evidence that global trade is once again on the rise. Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

APRIL 1, 2019

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. As noted, SWIFT has rolled out its gpi (short for global payments initiative). Ripple has xRapid, its cross-border payments solution.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61

PYMNTS

MARCH 31, 2020

Thailand-based Siam Commercial Bank (SCB) announced an expansion of its partnership with blockchain technology firm Ripple to expand its cross-border payment capabilities for business customers. Mixing Payment Rails Drives SMB Revenue. TrueLayer, ANNA Money Embrace Payments Initiation. In the U.K.,

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

JUNE 20, 2016

Faster Payments Won’t Just Be About Speed. At the start of the year, the narrative around a new set of payments rails in the U.S. Every mandated faster payments initiative worldwide was predicated on the need for speed – not just faster but in real-time. PayNearMe and Prism and Payoneer and Armor Payments).

Online and Mobile Banking 47

Online and Mobile Banking Payments Credential Faster Payments 47

PYMNTS

OCTOBER 24, 2019

Keeping up with all the legal and regulatory requirements needed for cross-border payments already takes a significant amount of time and resources, and we expect more corporates to want to outsource to the experts so they can focus on their own business responsibilities,” he said.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

PYMNTS

SEPTEMBER 3, 2018

The linkup is being billed as one that lets financial firms settle cross-border payments in a matter of seconds. To that end, LumoXchange , a FinTech with an emphasis on payments, also said late in August that it launched its money transfer service focused on the Philippines. Payments Initiatives In Africa.

Blockchain 41

Blockchain API Distributed Ledger Technology (DLT) Cross-Border 41