Future CFO

SEPTEMBER 11, 2023

Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects, the credit rating agency noted. Asia Pacific sovereigns are seeing diverging reserve dynamics, said Fitch Ratings recently.

Foreign Exchange 52

Foreign Exchange Currencies Finance Investments 52

PYMNTS

NOVEMBER 16, 2020

The global trading markets are in flux, and it's not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. Currency Conversion Headache.

Foreign Exchange 56

Foreign Exchange Currencies Manufacturing B2B 56

PYMNTS

JULY 10, 2019

The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting. The invoice processing solution augments Cambridge Global Payments’ existing offering of global payments and foreign exchange management solutions.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

JULY 15, 2020

The global market has historically revolved around the U.S. dollar, leaving few incentives for companies to overcome the numerous obstacles and pain points involved in broadening business into new markets overseas. An alternative to this payment strategy is to open up a bank account in each market in which a business operates.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

JUNE 19, 2020

That’s not only because eCommerce opens up a potential buyer pool to customers outside of one’s home market, creating the need for companies to accept payment in different currencies. In Canada, paper checks account for a declining, but still significant, portion of B2B payments volume in the country, said Kumar.

Foreign Exchange 56

Foreign Exchange Currencies B2B Accounting 56

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

JUNE 17, 2019

Ripple is the company behind the XRP digital currency, The Wall Street Journal reported. MoneyGram has tapped into foreign exchange markets for settlements in the past. As a result, the company had to purchase currencies ahead of time regularly. firm that is publicly traded, Ripple Inc. per share.

Investments 84

Investments Foreign Exchange Planning Currencies 84

PYMNTS

AUGUST 2, 2019

The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. But consider the fact that trade is global, and that, increasingly, supply chains are global too.

B2B 41

B2B Marketing Foreign Exchange Currencies 41

PYMNTS

JULY 24, 2019

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. An Eye On Emerging Markets. And while expected currency fluctuations resulting from Brexit will surely mean U.K.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. This is especially true for SMEs who cannot run the risk of losing 30 percent of revenue on a currency depreciation.”. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

OCTOBER 28, 2020

Today in B2B payments, accounts payable automation firm CPS finds a buyer. The accounts payable (AP) workforce is alerted when differences are discovered. OpenPayd Debuts Access To Quick Foreign Exchange Payments. 27), which will help clients access easy foreign exchange payments, according to a press release.

B2B 56

B2B Foreign Exchange Accounts Payable Invoicing 56

PYMNTS

AUGUST 13, 2019

that has led to a depreciation of the pound are having widespread impacts throughout supply chains with touchpoints in the markets. 12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. But that, he said, is also one of the largest challenges in this market.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

DECEMBER 4, 2019

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

PYMNTS

JUNE 4, 2019

Under the agreement, Visa’s customers and banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform to provide in-demand services, including multi-currency wallets and real-time notifications on foreign exchange transactions.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

PYMNTS

MARCH 10, 2020

Australian cross-border FinTech unicorn Airwallex is integrating with New Zealand’s cloud-based accounting platform Xero , Airwallex announced Tuesday (March 10). Most of our SMB customers in Australia are using Xero as their accounting solution, and so it was important to provide that seamless experience between Airwallex and Xero.”.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Annual overseas transfers of more than $50,000 must also be reported.

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

JUNE 11, 2020

To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Multi-currency payments from the company’s systems are automated through the connection with the international payments system of TransferMate.

Foreign Exchange 52

Foreign Exchange Accounts Payable Invoicing Currencies 52

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

DECEMBER 1, 2019

A Pixpay account can be opened by anyone 10 years old or above, and both parents and children can download the app together. Challenger banks are typically marketed to adults. Parents can also see an overview of multiple accounts if they have more than one child using Pixpay. . Pixpay costs €2.99 Other ATM withdrawals cost €2.

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Digital assets are no longer a futuristic pipe dream in modern economy.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

DECEMBER 5, 2019

Some firms may be concerned about having adequate account balances available when the billing cycle completes, and may decide against enrolling to avoid overdraft charges, while other firms might not be capable of budgeting for monthly recurring fees. . It really depends market by market,” Kenney said. .

Foreign Exchange 89

Foreign Exchange Currencies Communication Budgeting 89

PYMNTS

JUNE 8, 2020

There is no charge to open a Skrill account, and senders of money are not assessed fees or a foreign exchange mark-up to send money from the U.S., consumers can pay with their personal bank accounts or their debit or credit cards to fund transfers from their Skrill accounts. the company said.

Foreign Exchange 52

Foreign Exchange Currencies Accounting Banking 52

PYMNTS

MAY 2, 2016

Treasury has added five nations to its list of trading partners with foreign exchange policies that need to be monitored, according to reports on Saturday (April 30). China, Germany, Japan, Korea and Taiwan are each on the list due to their currency practices, according to reports.

Treasury 40

Treasury Foreign Exchange Currencies Marketing 40

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. Bank-to-bank transfers are one thing, but many consumers might want to transfer funds from a credit card rather than have to go to the trouble of opening a bank account. The European markets and the U.K.

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

SEPTEMBER 18, 2020

Anecdotes abound, of course, in the popular music industry of artists who had huge hits — and rarely saw much cash flow, as royalties were siphoned off by others, or simply never made it into the right accounts. Or accountants did not do much accounting.

Foreign Exchange 125

Foreign Exchange Manufacturing Investments Accounting 125

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. When we think about rails, we think about them as a means to an endpoint," he said.

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

PYMNTS

NOVEMBER 9, 2017

What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. That’s where foreign exchange (FX) payment providers step in to help.

Foreign Exchange 43

Foreign Exchange Currencies B2B Leverage 43

PYMNTS

MARCH 7, 2018

Cambridge Global Payments , a unit of FLEETCOR and a provider of international payments and foreign exchange transactions, announced news on Tuesday (March 6) that it is aligning with Qwil to provide customers with advance payment capabilities. trillion to the economy. trillion to the economy.

Foreign Exchange 40

Foreign Exchange Currencies Leverage Technology 40

CFO News Room

FEBRUARY 2, 2022

In the short-term, Bitcoin trades as a risky asset in an increasingly risk-on, risk-off market. The market for Bitcoin Futures may be less developed, and potentially less liquid and more volatile, than more established futures markets. This risk may be adversely affected by “negative roll yields” in “contango” markets.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

AUGUST 16, 2018

In a press release , Ripple said that for xRapid to be successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world that allow payments to move from one currency into XRP, then back into another currency quickly and efficiently. will be preferred for Mexican pesos and Philippine pesos.

Foreign Exchange 40

Foreign Exchange Securities Currencies Accounting 40

PYMNTS

OCTOBER 1, 2019

The FinTech allows customers to easily open their own full bank accounts online, supplying users with their unique International Bank Account Number (IBAN) as well as a debit card, for a subscription charge to be paid monthly. Its travel card saves users up to 3 percent.

Startups 46

Startups Foreign Exchange Currencies Banking 46

PYMNTS

DECEMBER 8, 2017

Payment Rails is making its official step into the cross-border payments market through the launch of its application program interface (API) and payment platform, the company said Thursday (Dec. Payments Rails is rewiring how business payments are sent around the world,” said the company’s co-founder and CEO Tim Nixon.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

MARCH 5, 2019

CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. The deal followed WorldFirst’s rollout of small business multi-currency accounts in China, announced last November via its local brand. and the U.K.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

MARCH 30, 2017

formally began its exit from the European Union by triggering Article 50, which is likely to have widespread impact across markets. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. On Wednesday (March 29), the U.K. small businesses.

Foreign Exchange 43

Foreign Exchange Prioritization Currencies Treasury 43

PYMNTS

OCTOBER 26, 2018

raised venture capital for their SMB-facing tools, including global payments, accounting and banking. Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. Businesses across Asia, South Africa, the U.K. GreenSlate.

Foreign Exchange 77

Foreign Exchange B2B Invoicing Startups 77