PYMNTS

MAY 4, 2017

Cross-border payments company Transpay is expanding with new global currencies supported by its platform. The company announced Wednesday (May 3) that it supports 11 settlement currencies that can be used to fund companies’ Transpay accounts, negating the need to convert funds before a transaction is initiated.

Cross-Border 40

Cross-Border Cross-Border Payments Near Real-Time Wire 40

BitPay

APRIL 25, 2023

Stablecoins’ lack of volatility and widespread acceptance makes them one of the best types of crypto for cross-border payments and payouts. Making or accepting cross-border payments with crypto is faster and cheaper than the usual methods, and involves less risk.

Stablecoins 52

Stablecoins Cross-Border Cross-Border Payments Payroll 52

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. Africa As Greenfield Payments Opportunity.

SWIFT 40

SWIFT Payment Initiation Caps Cross-Border Payments 40

Finance Magnates

MARCH 26, 2023

The second factor is the near real-time settlement between the two financial institutions that were doing the remittance (i.e. MICRO-PAYMENTS: Yes, the world will finally have a micropayment setup. One that allows micro-payments in multiple currencies. Even Bitcoins. Well, what do you think?

Cross-Border 52

Cross-Border Suspicious Activity Report (SAR) Money Laundering SARS 52

PYMNTS

JULY 24, 2018

All of those transactions will happen in near real time, he explained. I think the complexity of the cross border market can be easy to overlook ,” Holmes explained. Dealing with things like settlement, pre-funding and compliance on top of solving for a host of standardization issues – at scale, takes scale.”.

P2P 89

P2P Cross-Border Push-to-Card B2C 89

Segpay

JUNE 25, 2024

Transaction Settlement : The PSP or intermediary ensures that the funds are settled between the customer’s and merchant’s banks, typically through the banking system’s clearing and settlement processes. Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

JULY 24, 2017

Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. Free” in exchange for “keeping deposits” sticky isn’t exactly setting the world on fire on the P2P side of payments.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

Fintech Labs Insights

JANUARY 12, 2017

Areas of focus include clearing and settlement, wholesale payments, equity and debt issuance, and reference data. Ripple is also involved in India’s Axis Bank and it plans to use Ripple’s network for real-time settlement of cross-border transactions. 2016 was a major year for Ripple.

Blocks 21

Blocks Blockchain FinTech Cross-Border 21

PYMNTS

SEPTEMBER 26, 2019

The FI revealed plans to pilot its Wells Fargo Digital Cash service, a solution designed for Wells Fargo’s own internal settlement capabilities when moving money between corporate accounts across borders. Wells Fargo is not, of course, the only financial institution planning to operate a real-world application of blockchain technology.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Liquidity Management 61

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). In a press release on Tuesday (Sept. The pilot will also allow various Wells Fargo locations to move funds between each other outside of normal operating hours.

Distributed Ledger Technology (DLT) 49

Distributed Ledger Technology (DLT) Stablecoins Cross-Border Cross-Border Payments 49

PYMNTS

OCTOBER 1, 2018

While bitcoin and crypto garner the headlines, innovators are taking the best of distributed, permissioned, secure and private ledger tech, and digitizing assets issued by regulated financial services companies and governments to clear and settle transactions in near real time, globally, at scale.

Bitcoin 85

Bitcoin Blockchain Cryptocurrency Innovation 85