PYMNTS

OCTOBER 28, 2019

This new set of APIs offers users a way to “integrate their financial institutions, accounting and enterprise resource planning ( ERP ) systems and their account on GlobalPay,” according to the release. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. The company secured the funding from an unnamed angel investor, reports said. and Hong Kong. The company's seed funding is the largest-ever seen in the country and was led by Target Global.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

JUNE 4, 2019

In a press release, the two companies said the agreement meshes with Visa’s stated goal to make secure digital payments possible at home and when people are traveling. It will account for more than a fifth of the global eCommerce market.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

PYMNTS

JANUARY 20, 2021

“Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

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

JANUARY 28, 2021

“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. Embracing A New Paradigm.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

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

CFO News Room

FEBRUARY 2, 2022

The securities/ financial instruments discussed in this material may not be appropriate for all investors. This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/financial instrument, or to participate in any trading strategy.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

OCTOBER 22, 2020

Companies are therefore reconsidering their accounts payable (AP) and accounts receivable (AR) strategies, including everything from how they place orders to how they pay for them. This could lead to more buyers to start using B2B eCommerce sites to secure items, and these marketplaces are expected to facilitate $3.6

Invoicing 63

Invoicing Foreign Exchange B2B Accounts Payable 63

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. bank accounts. Revolut, a U.K.-based

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

MARCH 21, 2018

Cross-border payments company Currencycloud is rolling out an accounts receivable solution aimed at reducing the friction of collecting payments from abroad. The company announced news on Tuesday (March 20) that its Global Collections tool is now live to support the acceptance of payments in multiple currencies. dollars or euros.

Foreign Exchange 49

Foreign Exchange Currencies B2B Accounting 49

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

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Automation Anywhere. Existing backers, such as Xavier Niel, also participated in the funding.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

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

JUNE 28, 2019

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. Both firms also plan to expand illimity’s cross-border deposit accounts to the broader EU market.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

JULY 22, 2019

The joint project, Instant Transfer , enables instant money transfers from users’ PayPal accounts to their bank accounts. Visa is pursuing further innovations in infrastructure security for the payments industry. Their services include multi-currency wallets and real-time notifications on foreign exchange transactions.

Foreign Exchange 43

Foreign Exchange Currencies Transportation Securities 43

PYMNTS

JUNE 1, 2020

But the renewed focus on security and dispute resolutions is a critical factor as McCarthy noted, “there’s a whole raft of merchants that are 20 years behind the curve that have quickly had to go online” and take transactions done in bits and bytes. Hajimusa stated that it’s important to differentiate between security and privacy.

Foreign Exchange 69

Foreign Exchange Securities Currencies Technology 69

PYMNTS

FEBRUARY 16, 2018

Over two months in the fall of 2017, Kim allegedly misappropriated at least $2 million of the firm’s digital currency for his own benefit. To cover his trading losses on foreign exchanges, Kim transferred $2 million in bitcoin and litecoin to his own personal accounts.

Foreign Exchange 41

Foreign Exchange Currencies Securities Accounting 41

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

PYMNTS

JUNE 21, 2019

Many freelancers live in different countries than their ad hoc employers, making currency exchange rates and payment tracking significant concerns. Toptal provides gig workers with invoicing services and payment options, including to transfer funds into bank accounts through a partnership with cross-border payments company Payoneer.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

JULY 19, 2018

According to a report in The Wall Street Journal that cites people familiar with the matter, Wells Fargo is making the refunds for adding services to thousands of customers’ accounts without the customers fully understanding what they were getting.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies Banking 40

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Future CFO

SEPTEMBER 23, 2019

“Through a combination of gpi and domestic real-time payments networks, we together with gpi banks, will facilitate instant international payments with up-front fee and Foreign Exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally,” SWIFT said in a statement.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40

PYMNTS

APRIL 1, 2016

It enables customers of IDFC Bank, as well as non-customers, to receive funds in a secure and simple manner. The person on the receiving end can then get those funds through the IDFC Bank’s website, which are then transferred to a bank account in India. Our partnership with Uphold will help us achieve that.

Foreign Exchange 40

Foreign Exchange Currencies Banking Securities 40

PYMNTS

APRIL 18, 2016

“From a cost standpoint, there is significantly more friction doing business cross-border than there is domestically,” he stated, “from the coordination between buyer and seller, accounts payable and accounts receivable processes and being able to coordinate information flow with money flow.”. Payments And Data Become One.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

OCTOBER 22, 2019

They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations. Ripple reportedly completed payments in about two minutes on average and enabled FIs in the trial to avoid 40 percent to 70 percent of foreign exchange costs.

B2B 41

B2B Foreign Exchange Accounts Payable Banking 41

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. Check out our breakdown of all the deals below. Check out our breakdown of all the deals below.

B2B 40

B2B Startups Foreign Exchange Invoicing 40

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. Cash management becomes a continuous process, throughout the business day.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. Karen Webster: Let’s get acquainted with UAE Exchange and some of the great work you’re doing in the global remittance, foreign exchange and payments space.

Risk Management 54

Risk Management Foreign Exchange Investments Technology 54

PYMNTS

JULY 2, 2018

” Accounts of South Koreans being spontaneously hoisted onto the shoulders of crowds of enraptured Mexicans also became common across the U.S. Via the One Pay service, consumers will be increasingly able to send funds worldwide and in their currency of choice without hassle or excessive cost. The class action suit, Heinert v.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations B2B 41

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets. Staying Secure. Kicking Free Of Correspondent Banking. The money never actually crosses borders,” Lembo explained.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

JULY 9, 2019

This lack of insight into intercompany accounts can result in misstated financials, fraud and, overall, a lack of understanding into cash positions and allocations. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity.

Foreign Exchange 60

Foreign Exchange Banking Currencies Reconciliations 60

PYMNTS

SEPTEMBER 22, 2020

The feature can connect to more than 11,000 financial institutions (FIs) and retains security through multifactor authentication and tokenization, Acumatica explained. ClearBank Dives Into Multicurrency Accounts Via API. In the U.K., In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

AUGUST 21, 2020

Users come to these offerings to learn or teach, and no one wants to get a surprise lesson in foreign exchange (FX) rates. Fitzpatrick explained that it is thus up to eLearning platforms — with the help of their payment partners — to figure out payments for users and firms that can make transactions seamless and secure.

Education 52

Education Foreign Exchange Currencies Accounting 52

PYMNTS

SEPTEMBER 14, 2018

Foreign exchange solutions company OFX is expanding its services in the U.K. 13) that its Global Currency Account is now available to importers and exporters in the U.K. The service targets businesses trading online across borders, providing a platform to manage multiple currencies in a single solution.

Accounting 40

Accounting Foreign Exchange Currencies eCommerce 40