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How Subscriptions Complicate Cross-Border B2B Payments

PYMNTS

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

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Western Union Rolls Out Full API Access For International Payments

PYMNTS

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. Domestic and cross-border payments are supported in over 130 currencies.

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B2B Use Cases Drive Up Real-Time Demand

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FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. China Touts Proprietary Digital Currency. In the latest show of support for distributed ledger technology, J.P.

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Finding The Right Fit For Cross-Border B2B Payments

PYMNTS

The magnitude of the market is attractive even to B2C FinTechs, though the industry has quickly understood that B2B problems cannot be addressed with tools and technologies designed for consumer. And indeed, some businesses in need of cross-border payment solutions have been forced to revert to those B2C solutions, with lackluster results.

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Top News In Payments: Libra Fears Grow; Uber-IPO Impact Spreads; And SMBs Get Faster Payments

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New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch. France and Germany are among the many countries alarmed that the size and scope of Libra could disrupt legal control over the currency.

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Cybersecurity Unicorn Steals The B2B Investment Show

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While Telr, based in Singapore and India, provides front-office B2C payment solutions to its business customers, the company has also grown a presence in the back-office, with cash management and logistics solutions linked into its overall offering. Telr also offers payment APIs and supports transactions in multiple currencies, it explained.

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Why Regional Payment Preferences Matter For Global Subscriptions

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Cross-border recurring payments are subject to the double whammy of facilitating local currency and all of the challenges that come with subscription commerce in any country. It’s true that payment processors charge fees to convert currencies, but paying an FX fee is the tradeoff to enabling preferred currencies and not risking losing a sale.