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Modern Treasury , the leading payment operations platform built for the Instant Economy, and Brico , the first automated financial licensing platform, announced a partnership to accelerate the shift to embedded payments. trillion in 2024. “Innovation is transforming modern money movement.
A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.
Circle Internet Group announced the launch of its Circle Payments Network (CPN), a new system designed to connect financial institutions for cross-border payments using regulated stablecoins. Circle expects to release the network in limited capacity starting in May 2025.
Ant International’s WorldFirst has introduced the World Card , a new virtual Mastercard-enabled payment solution aimed at assisting SMEs involved in global commerce. The World Card allows businesses to make payments in over 150 currencies across more than 210 countries and regions where Mastercard is accepted.
Standard Chartered announced a new partnership with Wise Platform to improve speed and lower costs for its international payments service, SC Remit. Wise Platform’s infrastructure includes over 65 licences and six direct connections to domestic payment systems including the latest one with Philippines’ InstaPay.
The Treasury Department and IRS are sending out approximately 8 million Visa prepaid cards to deliver a second round of Economic Impact Payments (EIPs) to consumers.
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. Ripple said the stablecoin is aimed at improving the speed and reducing the cost of international payments processed through its network.
Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Instant payments, powered by the first new payment rails in the U.S.
Morgan Payments , a global payments leader, to enhance its global payment services for enterprise customers in the UK. Morgan Payments will provide Payhawk with several banking services through its API, including access to bank accounts in multiple currencies and for the safeguarding of funds, and domestic payment rails.
Morgan Payments has announced new and enhanced product integrations connecting to the Oracle ecosystem, making it easier for clients to streamline their payments across treasury, trade and commerce. Morgan Payments and Oracle have been partnering to provide mutual corporate clients enhanced functionality and easier connectivity.
Treasury Department proposed sweeping new rules late Friday (Dec. In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity.". Another provision of the measure would let the secretary of the Treasury add additional requirements.
Global payments company Thunes has introduced ‘Thunes Business Payments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.
By the end of 2024, Bank of America corporate clients will have made over $1 Trillion in payment approvals on the banks CashPro App, the mobile application that companies use to manage their treasury operations. I can quickly look at account balances and approve high dollar payments with confidence.
Papaya Global ’s four core new platform technologies bring the payroll industry one step closer to creating a seamless workforce payments experience – regardless of location or employment model. Instead, they can manage payments directly on the platform through dedicated local payments rails, powered by J.P. There are 3.5
Date: Thursday, March 27, 2025 Time: 08:30-10:30 GMT Location: EY, 25 Churchill Place, Canary Wharf, E14 5EY The next EY payments forum takes place in March, focusing on the regulatory outlook for the payments industry in 2025 and beyond.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. connecting over 90 million merchants in 66 markets to 1.6
DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management solution, in collaboration with Ant International. DBS Treasury Tokens enables Ant International to reduce the settlement of intra-group transactions from potentially days to seconds.
The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions.
In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered and Wise Platform, Wise’s global payments infrastructure for banks, have announced a partnership, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has partnered with financial software provider Finastra and NGS Equipment and Communication Joint Stock Company (NGS) to enhance its treasury operations. This includes upgrades in core banking, data management, payments, and omni-channel banking.
In 2025, payments firms must prioritise compliance, open banking expansion, and stablecoin readiness to navigate regulatory shifts and drive growth. With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks.
Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instant payment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. DBS Treasury Tokens aim to address the needs of large corporations like Ant International, which operate across multiple markets.
In her first Mansion House speech , the Chancellor announced a package of reforms that the Treasury hopes will ensure the UK’s status as a global powerhouse for financial services. A number of these are likely to directly impact on payments and e-money. That strategy will focus on five priority growth sectors including Fintech.
Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance.
The European Union’s leading bank, BNP Paribas and Ant International , a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.
QUBE Events is pleased to announce the 19th NextGen Payments & RegTech Forum on 6-7 November at the Four Seasons Hotel in Limassol, Cyprus! This premier event will gather leading experts, industry innovators, and key decision-makers to explore the latest trends shaping the future of payments and regulatory technology. Really good!”
Founded in 2021 by Ife Johnson and Justin Ziegler , Juicyway enables individuals and businesses to send, receive, and process payments globally. As the creators of Nigeria’s largest price discovery engine, Naira Rates , Juicyway facilitates remittances and provides access to FX through various payment channels.
As part of yesterday’s 2023 Autumn Statement, the Future of Payments Review was published. Commissioned by HM Treasury and led by Joe Garner, the review provides a number of recommendations on the […] Read more
Thunes, a global payments company specialising in cross-border transactions, has integrated Hyperwallet, a PayPal service, into its Direct Global Network. This collaboration leverages Thunes ‘ global network, which connects to over 7 billion bank accounts and mobile wallets worldwide. said Floris de Kort, CEO of Thunes.
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services.
However, the banks payments arm might be its next big engine of expansion. Its payments unit, processing nearly $10 trillion daily, chipped in $4.7 Morgan Payments I asked Max Neukirchen, global co-head of J.P. Morgan Payments I asked Max Neukirchen, global co-head of J.P. Morgan Payments.
ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announces the launch of its Enterprise Payment Hub, a new solution, to centralize, automate, and secure payment processing.
This marks a major step towards instant and 24/7 treasury management for both companies, optimising treasury and working capital management for Ant International and its entities.
. “CFOs face enormous pressure to know their exposure and cash position at any given time,” said Tom Durkin, head of CashPro® in Global Payments Solutions (GPS) at Bank of America. Additionally, many treasury management systems (TMS) and enterprise resource planning (ERP) providers also host CashPro APIs.
SAP Fioneer , a leading global provider of financial services software, today announced a significant advancement in its Virtual Account Management (VAM) solution, unveiling plans for AI-driven enhancements that will redefine the future of banking payments.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS Digital Cash looks to facilitate timely payment processing to combat this.
Ripple aims to facilitate global adoption through partnerships with these and other market makers and payment providers, focusing on the Americas, Asia-Pacific, UK, and Middle East regions. Ripple Payments will also utilise RLUSD to facilitate global payments for enterprise customers starting next year.
SUNRATE , the global payment and treasury management platform, today announced the launch of its maritime payments solution, aimed at empowering shipping companies and their key stakeholders at Sea Asia 2025. SUNRATE offers a comprehensive solution designed to address the complex payment challenges faced by maritime companies.
Payments service provider Checkout.com has appointed Philip Symes as its interim chief financial officer, according to a release from the company on Dec. Symes previously served as CFO of Visa Europe for 10 years, responsible for pricing and treasury, he told Bank Automation News.
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