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Credorax, Samsung To Introduce Blockchain-Based Open Banking

PYMNTS

The new partnership will combine “global open banking initiatives, Samsung SDS’ Nexledger Universal platform and Credorax’s industry expertise” in order to provide automatic payment reconciliation, remittances and invoices for B2B payments. The effect will be to eliminate the need for manual tasks for those functions.

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How Banks Use APIs To Forge Stronger Client Bonds

PYMNTS

Banks can offer APIs to power clients’ eCommerce launches, he said. Businesses today integrate APIs into their eCommerce websites and mobile apps to automate payments, collections and refunds, which allows their customers to experience instant services. Enabling Digital Payment Acceptance.

Banking 99
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Louis Vuitton Does X-Border Payments, Connects To SWIFT Via FIS

PYMNTS

“LVMH’s volume of cross border payments presented unique challenges for the company, and we are pleased to provide the tools needed to leverage these emerging opportunities.”. Last year, Louis Vuitton launched an eCommerce website in China to tap into the country’s booming online shopping market. million payments annually.

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Manual Backlogs Flee In The Face Of Back-Office Digitization Sweep

PYMNTS

In 2020, it’s small and medium-sized businesses (SMBs) that are rapidly digitizing AP/AR, manual reconciliation and other burdensome tasks. One report found that 93 percent of B2B SMBs are now conducting at least some of their operations online — an increase from the 90 percent that said the same in December 2019.

B2B 57
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New eBay APIs Give Developers Access To Managed Payments Program

PYMNTS

The company launched the new Finances API, which aims to give developers a better view of eBay transactions and to allow for easier payouts to banks accounts. It also helps sellers with accounting and reconciliation. Also, the Fulfillment API now lets managed payments sellers give full or partial refunds to buyers. “We

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FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?

PYMNTS

However, the banks that have been and will be successful are the ones that see faster payments as the “new normal” for payments, clearing and settlement — and with the “new normal” comes new ways to do everything, from account-to-account payments to transfers across borders. There are, however, some speed bumps that need navigation.

B2B 69
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Serai likens itself to a professional social networking solution, and the backing by HSBC will allow Serai to leverage HSBC’s existing client base. Reports in Inc42 said the company automates settlement and reconciliation to help firms manage transactional data, and monitor the entire lifecycle of a transaction.