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. Artificial intelligence ensures regulatory compliance and fraud protection.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

JANUARY 25, 2018

According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions. Together, the firms will target middle-market businesses looking to grow internationally.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

MAY 12, 2017

The global peer-to-peer (P2P) transfer and remittance market has grown to well over $1 trillion, thanks to the glut of P2P money transfer apps making domestic and cross-border payments easier and faster than ever. And, to top that off, dealing with foreign exchange can add further complexity to a business’s workflow, Laven explained.

B2B 43

B2B Foreign Exchange Compliance Currencies 43

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. That includes having the right payment choices in place, as gig workers want to be paid in their home currencies, McGuire noted. The Gig Economy. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

APRIL 3, 2019

Senders have 12 hours to settle their accounts at a Dollar General store, he said, adding that 99 percent of consumers do so within that time limit, which is governed by compliance issues. It automatically processes “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

Foreign Exchange 61

Foreign Exchange Compliance Retail Currencies 61

PYMNTS

JANUARY 29, 2018

Consider the fact that payment that originates in one country does so in the “home” currency but gets settled in another currency once received. Along the way, there are foreign exchange fees, documents to manage and sundry regulations to navigate. Money that crosses borders usually has an arduous trek.

Foreign Exchange 53

Foreign Exchange Problem Solving Currencies Compliance 53

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. Adopting real-time business processes has led them to embrace real-time FX management.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

PYMNTS

MARCH 2, 2016

Ripple provides the infrastructure for blockchain-fueled cross-border payments in an effort to progress towards what the company calls the Internet of Value — a market in which money moves across borders securely and quickly, just like information moves throughout the Internet. Banks can hold their local currency and keep just one account.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

DECEMBER 11, 2017

Today, that fuels a $23 billion USD eCommerce market: roughly 8 percent of all retail spending. Before Amazon established its own local presence last week – Amazon.com.au – its online share of that market was small: $760 million USD last year, and limited to the sale of books and apps. Be the regulatory and compliance safety net.

Foreign Exchange 42

Foreign Exchange Currencies Problem Solving eCommerce 42

PYMNTS

JANUARY 14, 2019

The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. This deal allows Emergent to extend operations of its digital payments operation, Emergent Payments, into 70 emerging markets.

eCommerce 85

eCommerce Foreign Exchange Accounting Banking 85

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

SEPTEMBER 13, 2017

The company has also established the first secure and trusted compliance, vetting, KYC (Know Your Customer) and regulatory approval process for 75,000 China-based sellers (and growing) so that global marketplaces can have access to this massive eCommerce engine without operational, logistical, technological, payment or ERP fears.

Foreign Exchange 40

Foreign Exchange Compliance eCommerce Manufacturing 40

PYMNTS

AUGUST 10, 2017

UAE Exchange CEO Promoth Manghat told PYMNTS’ Karen Webster that staying ahead on technology and working capital investments has not only kept UAE Exchange in the game since 1980, but enabled it to grow into a global leader in the financial services space, handling close to $30 billion in transfers each year. That’s a 6.75

Risk Management 54

Risk Management Foreign Exchange Investments Technology 54

PYMNTS

OCTOBER 16, 2020

Moving money from one currency to another sounds like it should be pretty straightforward, especially in an era where moving money is basically moving bits of information across the internet,” Lembo said in a recent interview with PYMNTS. “It Kicking Free Of Correspondent Banking. The money never actually crosses borders,” Lembo explained.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

OCTOBER 6, 2017

These companies need to procure a reliable payroll partner across borders to pay their expanding workforce in other markets, she continued. Larger enterprises, she explained, are able to deploy the resources and time necessary to work with large payroll vendors in various markets.

Marketing 55

Marketing Treasury Foreign Exchange Prioritization 55

PYMNTS

NOVEMBER 21, 2016

“Payment regulations, prepaid card regulations, controlled currencies,” Monty began. Some markets demonstrate certain preferences in how workers receive payment for their work. Additional steps include KYC compliance, as well as anti-money laundering processes, he added.

Foreign Exchange 74

Foreign Exchange Currencies Compliance Banking 74

PYMNTS

SEPTEMBER 18, 2018

Seabury Capital trade finance unit Seabury TFX will be working with Thomson Reuters to enter the Asia market. The tool will integrate Thomson Reuters’ World-Check and FXall solutions to provide Know Your Customer compliance and foreign exchange management features.

Finance 48

Finance SAP Foreign Exchange Compliance 48

PYMNTS

MARCH 1, 2018

FlitWays is instead looking to curate the fragmented ground travel market in order to meet the various needs of business travelers while giving them more of a business-like experience. Of course, language and currency can be a struggle. Yes, that sometimes means a quick ride on the fly.

Transportation 40

Transportation Foreign Exchange Currencies Reconciliations 40

Future CFO

JANUARY 12, 2021

All in all, the ability to quickly analyse and respond to sudden changes in the market and company resources has become even more vital to the finance function. The aim is to ensure real-time visibility of cash flow and help you make the right decisions at the right time to maintain liquidity and compliance.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

PYMNTS

AUGUST 22, 2016

According to Victor Lobo, VP of sales and marketing at Blue Marble Global Payroll , companies really aren’t approaching it the right way, and that could mean the costs of cross-border payroll may not make the benefits of a global workforce worth it. is a particularly troublesome market for companies with a global workforce, he added.

Foreign Exchange 41

Foreign Exchange Currencies Accounting Planning 41

PYMNTS

FEBRUARY 26, 2016

Devanath said SMERGERS has collected data on businesses across industries and geographical markets to help guide the valuation process. “An An issue we have observed in the market is that many deals fall through because of valuation mismatch between the buyer and seller,” the CEO explained. Global Expansion. The Endgame.

Foreign Exchange 52

Foreign Exchange Valuation Currencies Investments 52

PYMNTS

JUNE 15, 2017

One of the most notable impediments, as the head of the SBA recently pointed out , is that about one-third of SMEs find trade finance difficult to obtain for foreign sales. The Western Union API sits on top of a global network of bank accounts, which are monitored by a compliance engine.

B2B 70

B2B Foreign Exchange Compliance Leverage 70

PYMNTS

SEPTEMBER 8, 2016

When those parents in China send their $60,000 to MIT via Flywire’s platform, Frere explained, they are given a real-time rate based on current foreign exchange rates between their home country and where the money is being sent. Being Prepared For What’s Next. “For us, it’s a competitive advantage,” Frere said.

Foreign Exchange 43

Foreign Exchange Currencies Valuation Accounting 43

PYMNTS

MARCH 11, 2016

When hosts welcome international travelers to Brazil for the Olympics and book on Airbnb or HomeAway, Rao explained, they will be charged foreign exchange rates, transaction costs (along with international fees), and additional deductions such as in-country costs – “which is typically a part of the transaction, which nobody sees,” he said. “So

Foreign Exchange 40

Foreign Exchange Compliance Currencies Banking 40

PYMNTS

NOVEMBER 19, 2018

The FSB is particularly concerned about how this decline might reduce certain markets’ ability to send and receive money abroad, and how it could heighten the risk of driving global transactions underground. percent drop in correspondent banking last year.

Foreign Exchange 74

Foreign Exchange Currencies Banking Invoicing 74