PYMNTS

JUNE 4, 2019

In a press release, the two companies said the agreement meshes with Visa’s stated goal to make secure digital payments possible at home and when people are traveling. It will account for more than a fifth of the global eCommerce market.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Annual overseas transfers of more than $50,000 must also be reported.

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

APRIL 10, 2020

For Emirates NBD, a $400 million DX journey that began nearly four years ago has resulted in more than 100 initiatives based on optimizing its operational models, internal architecture, cloud usage and security. Modernizing Corporate Payments. “The customer shouldn’t have to think about that,” said Rio Tinto.

Technology 144

Technology Banking Foreign Exchange Currencies 144

PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Digital assets are no longer a futuristic pipe dream in modern economy. Embracing A New Paradigm.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

PYMNTS

APRIL 22, 2016

The corporate treasurer at the multinational corporation is facing a particularly fierce global market today. But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. The FX Market Has Changed. All of that impacts the FX market.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

PYMNTS

NOVEMBER 9, 2017

What can foreign exchange service providers learn from the Uber model? Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. That’s where foreign exchange (FX) payment providers step in to help.

Foreign Exchange 43

Foreign Exchange Currencies B2B Leverage 43

PYMNTS

MARCH 5, 2019

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. The companies noted that connecting IBANs to Wirexend accounts supports faster and easier reconciliation and security.

Foreign Exchange 46

Foreign Exchange Currencies Reconciliations Accounting 46

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. With Revolut, the money can be spent in over 90 currencies around the world at the cheapest exchange rate available, the interbank rate, with no fees, at least for now. The European markets and the U.K.

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

OCTOBER 22, 2020

A key part of this effort is cross-border payments, which are vital to keeping supply chains running smoothly and securely in the more than 100 countries in which GE operates. The average global company works with at least six banks and 40 percent of them make payments in at least six currencies. We've suffered losses with the company.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

PYMNTS

JULY 22, 2019

Visa will release its quarterly earnings on Tuesday (July 23) after the market closes, and experts expect to see growth in payments volume and processed transactions, as well as cross-border and digital payments. Visa is pursuing further innovations in infrastructure security for the payments industry.

Foreign Exchange 43

Foreign Exchange Currencies Transportation Securities 43

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. Researchers at East & Partners said the data highlights Asian SMEs’ superiority over SMEs in other markets, like North America and Australia, in their use of FX hedging tools, like forwards and options. 71 % of U.S.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

NOVEMBER 16, 2018

The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

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

MARCH 5, 2019

CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. The deal followed WorldFirst’s rollout of small business multi-currency accounts in China, announced last November via its local brand. and the U.K.

B2B 43

B2B Foreign Exchange Risk Management Invoicing 43

PYMNTS

FEBRUARY 16, 2018

Over two months in the fall of 2017, Kim allegedly misappropriated at least $2 million of the firm’s digital currency for his own benefit. To cover his trading losses on foreign exchanges, Kim transferred $2 million in bitcoin and litecoin to his own personal accounts.

Foreign Exchange 41

Foreign Exchange Currencies Securities Accounting 41

PYMNTS

JUNE 1, 2020

But the renewed focus on security and dispute resolutions is a critical factor as McCarthy noted, “there’s a whole raft of merchants that are 20 years behind the curve that have quickly had to go online” and take transactions done in bits and bytes. Hajimusa stated that it’s important to differentiate between security and privacy.

Foreign Exchange 69

Foreign Exchange Securities Currencies Technology 69

PYMNTS

JUNE 28, 2019

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. Both firms also plan to expand illimity’s cross-border deposit accounts to the broader EU market.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

AUGUST 1, 2018

As corporate treasurers grapple with the ever-increasing demands of their role in the enterprise, many of their new responsibilities involve complex management of finances, particularly when it comes to foreign exchange (FX) risk exposures — especially in today’s volatile times. Trade disputes involving the U.S.,

Foreign Exchange 40

Foreign Exchange Treasury Currencies Education 40

PYMNTS

NOVEMBER 8, 2017

What lessons can foreign exchange (FX) service providers take from the Uber playbook? Some Asian markets are pitching their countries’ medical facilities as a means to attract medically-motivated travelers. Foreign exchange providers are no different. News from the cross-border space.

Foreign Exchange 40

Foreign Exchange Healthcare Currencies eCommerce 40

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions. Looking Ahead.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

Future CFO

SEPTEMBER 23, 2019

After a blockchain-enabled instant global payment service by California-based Ripple hit the market last year, incumbent SWIFT said Tuesday it has launched a service to deliver global instant payments by integrating gpi into domestic instant payments systems around the world.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40

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

APRIL 1, 2016

The company announced yesterday (March 31) that its members — across any market — can use Uphold to send money instantly to any person in India that can then be accessed through any Indian bank. It enables customers of IDFC Bank, as well as non-customers, to receive funds in a secure and simple manner.

Foreign Exchange 40

Foreign Exchange Currencies Banking Securities 40

PYMNTS

APRIL 18, 2016

For instance, businesses need to figure out how to strike reliable partnerships in overseas markets. They’re having to look at new markets abroad, and the challenges that come with that aren’t easily solved.” Perhaps one of the broadest aspects of cross-border trade that depends on information is foreign exchange risk mitigation.

Foreign Exchange 40

Foreign Exchange Invoicing B2B Accounts Payable 40

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

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

AUGUST 10, 2017

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. percent share of the global money transfer market and puts the company at No. Today, we cover more than 150 markets and handle close to $30 billion in transfers. That’s a 6.75

Risk Management 54

Risk Management Foreign Exchange Investments Technology 54

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

APRIL 4, 2016

With businesses at the mercy of currency fluctuations in today’s international markets, innovators have looked for a way to ease that pain point. Bitcoin was supposed to have been a global currency, but as we all know today, that’s not exactly the way things turned out. Gold As A Currency. Gold As A Payment Rail.

Currencies 40

Currencies Education B2B Invoicing 40

PYMNTS

JULY 2, 2018

“Offering the best of both brands, the co-branded small business credit card program will combine the buying power, convenience and value small businesses have come to know and love from Amazon, backed by the world-class service, benefits access and security of American Express,” added Amazon Vice President Max Bardon in another statement.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations B2B 41

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. FXPress entered the market with a focus on cross-border payments and foreign exchange services.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

MARCH 23, 2020

Work may be global, but payments are personal, and the divide between the two can cause frictions for freelancers who live and pay bills in one market but work for companies that operate and process payrolls in another. These workers will likely still expect fast payments regardless of the markets in which their employers are based.

Foreign Exchange 61

Foreign Exchange Currencies Valuation Education 61

PYMNTS

OCTOBER 6, 2017

But often, businesses prioritize security of customer data, then safeguard internal company data. Last week, Baer reported on the American Payroll Association’s Fall Forum, which focused heavily on payroll security. Cybersecurity weighs heavily on corporates’ minds, especially when incidents like the Equifax data breach occur.

Marketing 55

Marketing Treasury Foreign Exchange Prioritization 55

PYMNTS

SEPTEMBER 22, 2020

The feature can connect to more than 11,000 financial institutions (FIs) and retains security through multifactor authentication and tokenization, Acumatica explained. clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time. In the U.K.,

Banking 110

Banking B2B Foreign Exchange Currencies 110

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 Staying Secure. Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

SEPTEMBER 24, 2019

According to SWIFT, the capability focuses on boosting transparency of foreign exchange and other fees for payers while promoting ubiquity by operating a real-time payments service on existing rails. It’s also new players in the market. Payments messaging firm SWIFT announced Monday (Sept.

Foreign Exchange 73

Foreign Exchange Banking Cash Management Currencies 73

PYMNTS

MARCH 31, 2020

For farmers in both developed and developing markets, this financial friction can threaten the survival of their businesses. Farmers struggle with foreign exchange fluctuations, while buyers struggle with obtaining costly letters of credit, and everyone faces friction in verifying documents and products to facilitate payments.

B2B 75

B2B Foreign Exchange Finance Prioritization 75