Remove Economy Remove Payroll Remove Wire Transfer
article thumbnail

Nium Boosts Cross-Border Payments with Local Currency Support in 40+ Countries

Fintech News

This expansion enhances Nium’s ability to offer a wide range of local currencies through wire transfers and local payment systems, meeting the needs of various markets, including developing and emerging economies.

article thumbnail

Nium Expands Ability for Customers to Receive in More Than 40 Countries and 15 Currencies, Offering One of the Most Extensive Networks

Fintech Finance

Customers can now access the broadest range of local currencies through wires and local payment rails, with an extensive selection of currencies tailored to meet the diverse needs of various markets, including developing and emerging economies.

article thumbnail

How ACH Innovation Ushers In A New Normal For Payroll

PYMNTS

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. The payroll status quo has created cash flow challenges for many employees, particularly the estimated 60 percent of U.S.

Payroll 62
article thumbnail

Nium Simplifies Money Moving for Businesses Across the Globe With Network Expansion

The Fintech Times

This meets the growing demands of organisations as they look to meet the diverse requirements of different markets, including developing and emerging economies. This includes marketplaces, payroll, and financial institutions. The announcement has seen Nium expand its capabilities to more than 40 countries and 15 currencies.

article thumbnail

The Basics of Electronic EFTs: What is an Electric Funds Transfer?

EBizCharge

EFTs enable businesses to execute payroll functions, vendor payments, and even customer refunds effortlessly. EFT transactions can often be executed with low or even no fee credit card processing, especially when compared to traditional methods like international wire transfers or paper check processing.

article thumbnail

Cloud Payments, API Economy Drives Business Advantage For Banks

PYMNTS

He said we’re seeing the “API economy” take shape, where banks want to plug new functionality into existing systems on both the front end and back end. For example, he said that a typical Volante customer might process thousands of wire transfers each day where “every wire is a mission-critical wire.”.

Economy 67
article thumbnail

Wire Transfer vs Electronic Transfer

EBizCharge

Wire transfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. EFTs enable seamless direct payments for operations, including payroll, tax refunds, and recurring bills.