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ACI To Purchase Western Union’s Speedpay Business

PYMNTS

And while ACI is excited to delve deeper into the bill pay market, Western Union is looking to its future where it can re-up its focus on digital services and cross-border, cross-currency payments.

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What Investors Need to Know

CFO News Room

dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Cryptocurrencies are sometimes exchanged for U.S.

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Bitcoin: 10 Years Of Smoke And Mirrors

PYMNTS

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. The end of this month, Oct.

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The Treasury Function Gets Strategic

Global Finance

That means corporate treasurers are collaborating closely with other business units and leveraging data and analytics to supply critical insights into finance and risk issues and improve cash flow.

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State Regulators Report: Money Services Firms Handled $1.2T In 2017

PYMNTS

The report also noted that virtual currency exchange and transmission was 9.4 In more granular data, the industry remains concentrated, with the 10 largest companies handling 74 percent of the $685 billion in money transmission activity. The inaugural report leverages data that is collected from the NMLS and the MSB Call Report.

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World’s Best Banks 2024: Global Winners

Global Finance

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. The US Federal Deposit Insurance Corporation’s quick response to the banks’ failures stemmed additional contagion and has left businesses with an object lesson in concentration risk.

Banking 111
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Stars Of China 2024: Innovation Nation

Global Finance

That level of concentration defines ICBC, the world’s largest bank by assets and winner of this year’s Best Corporate Bank award. The bank leverages appreciation for Chinese culture by linking investment choices to value-added services and brand activities that promote traditional Chinese literature, education, and charity.