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Euro Banking Association Outlines Use Cases For Digital Currencies

PYMNTS

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices. The paper also looks at specific use cases, such as distributed KYC registries and low-value P2P/B2C payments.

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Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

PYMNTS

The idea started in the B2C world, but it wasn’t long before online sellers were asking about the use of point-of-sale financing for B2B — at least according to Chris Tsai, co-founder and CEO of Resolve, an Affirm spin-off, in an in-depth PYMNTS interview earlier this week. How to Shake up B2B Financing at the Point of Sale.

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Procurement, With Speed And (Shopping) Intelligence

PYMNTS

The phrase “real time” has been applied to just about every facet of B2C and, slowly but surely, B2B as well. In the case of the latter arena, procure-to-pay activities can benefit from better connectivity and information flow across currencies, countries and, of course, suppliers and their SKUs.

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Virtual Account Numbers Facilitate International Digital Banking

PYMNTS

The network facilitates transactions across regional payment schemes and about 130 currencies, and regulatory and compliance tasks are streamlined and automated. Beyond solely collecting payment, she added, digital banking can be customized as firms pay their expenses, perhaps across a range of currencies. to name just a few.

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Western Union CEO: Speedpay Sale Speeds Way To X-Border Payments Growth

PYMNTS

Through the last several years, Ersek noted, he has focused Western Union on creating a cross-border platform that enables cross-currency transactions. Replicating that flexible capability, at scale, is easier said than done, as regulation and compliance mandates may be tough to navigate. The Details So Far.

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Citi On Simplifying Cross-Border Payments

PYMNTS

Amit Agarwal, global head of cross-border payments at Citi , told Karen Webster in the latest installment of the “What Treasurers Need to Know” podcast series that the world is becoming flatter and supply chains are getting longer, stretching across borders and currencies. The Challenges of Cross-Border . The Partnership Model.

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Syncing-Up The Fragmented Market Of Corporate-Initiated Payments

PYMNTS

“At the same time, they want flexibility, controls and the ability to make payments in multiple currencies.” “B2B payments innovation seems to fall behind B2C and P2P,” she said. Spottiswood said that will include financial support, mentorship, compliance services, marketing and back-office support.