PYMNTS

AUGUST 11, 2020

A woman in Australia will go to jail for the theft of more than 100,000 Ripple digital currency tokens over two years ago, ACS Information Age reported. The 25-year-old individual gained access to the digital currency account belonging to a man in his 50s. The crypto was then converted to bitcoin and moved into a number of locations.

Foreign Exchange 74

Foreign Exchange Currencies Accounting Finance 74

PYMNTS

JULY 15, 2020

.” The other option is to obtain a multi-currency bank account, but again, Nader noted, for smaller companies this is rarely available from their banking providers. The Competitive Differentiator. Doing so can help bolster SMB cash flows at a time when financial resiliency is critical.

Foreign Exchange 67

Foreign Exchange Currencies Accounting Banking 67

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. This is especially true for SMEs who cannot run the risk of losing 30 percent of revenue on a currency depreciation.”. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

Simply Treasury

JUNE 3, 2021

Finally, in this top tier, the management of financial risks, including currency risk, which can be explained by the increased volatility of the markets. Contrary to the recent excitement for Bitcoins, crypto currencies do not seem to be a priority for treasurers. API’s have shown the use banks and corporates can make out of them.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

DECEMBER 4, 2019

This week, the firm announced a collaboration with Ebury to integrate foreign exchange (FX) and cross-border payment services into its product suite. Some businesses just accept forward currency exchange risk without knowing that it could be covered at low cost,” he said. The Right Service Combination.

Foreign Exchange 52

Foreign Exchange Currencies Invoicing Banking 52

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

JULY 29, 2019

Geopolitical volatility has analysts urging businesses to hedge against foreign exchange risks as trade tensions rise in Asia and the U.S., Given today’s market conditions, currency volatility will only continue. Below, PYMNTS looks at the numbers behind the latest analysis on corporates’ FX risks and related losses.

Foreign Exchange 40

Foreign Exchange Currencies Treasury Technology 40

PYMNTS

AUGUST 7, 2020

One of the largest points of friction that shoppers grapple with today is the ever-fluctuating exchange rate of foreign currencies they use when purchasing from sellers across borders.

Foreign Exchange 120

Foreign Exchange eCommerce Retail Currencies 120

PYMNTS

MARCH 6, 2017

An article in a publication owned by the regulator called for a more open, competitive domestic foreign exchange (FX) market that enables a flexible FX rate mechanism to mitigate against cross-border capital fluctuation, according to reports. Deputy head of the State Administration of Foreign Exchange Fang Shangpu penned the article.

Foreign Exchange 40

Foreign Exchange Marketing Compliance Currencies 40

PYMNTS

DECEMBER 26, 2018

Last month, two men were executed for allegedly smuggling foreign currency and illegally altering the gold-coin market. Hundreds of foreign-exchange dealers have also been arrested for black-market currency operations. Iran executed more than 500 people last year, according to numbers by Amnesty International.

Economics 63

Economics Foreign Exchange Currencies Numbers 63

PYMNTS

MARCH 10, 2020

It was our key priority to launch this feature as quickly as we could, as it was the number one most-requested feature from our customers in Australia,” Jack Zhang, co-founder and chief executive officer at Airwallex, told The Australian. An integration with Xero is one of the most requested integrations from our customers,” Zhang added.

Reconciliations 52

Reconciliations Foreign Exchange Currencies Accounting 52

PYMNTS

JANUARY 8, 2018

Jobs numbers were off to a rocky start for the year when new data from the U.S. Department of Labor revealed lower-than-expected jobs numbers for the month of December. But when it comes to small business (SMB) hiring, the numbers don’t always present a clear picture. 67 percent of U.K. firms with 300 employees or fewer.

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

DECEMBER 15, 2020

Businesses can use a recipient's accounting number or email address to initiate a payment, while transaction data is enhanced to support the reconciliation process. Head of Global Strategy and Payments for Global Transaction Services David Kretz said the solution aims to "remove friction and bring transparency to cross-border payments.".

Foreign Exchange 94

Foreign Exchange B2B Reconciliations Banking 94

CFO News Room

FEBRUARY 2, 2022

Going forward, the network of participants and the number of use cases could continue to see rapid growth, giving cryptocurrencies in this category plenty of further upside. In 2021, there were a number of digital asset company IPOs, led by Coinbase , the largest listing (IPO, SPAC, or otherwise) of any digital asset company in history.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

MARCH 21, 2018

The company announced news on Tuesday (March 20) that its Global Collections tool is now live to support the acceptance of payments in multiple currencies. Companies can generate an international bank account number (IBAN) as well as a virtual account number (VAN) to support transfers in U.S. dollars or euros. dollars or euros.

Foreign Exchange 49

Foreign Exchange Currencies B2B Accounting 49

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. There’s at least some anticipation that foreign exchange (FX) remains a wild card that needs attention. and GBP/EUR could rise [toward] €1.15 [$1.30 USD] or higher.”.

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

OCTOBER 1, 2019

The FinTech allows customers to easily open their own full bank accounts online, supplying users with their unique International Bank Account Number (IBAN) as well as a debit card, for a subscription charge to be paid monthly. Its travel card saves users up to 3 percent. We’re extremely excited to launch the Travel Card all across Europe.

Startups 46

Startups Foreign Exchange Currencies Banking 46

PYMNTS

SEPTEMBER 18, 2020

Online platforms have done much to transform payments — especially in terms of transparency, speed and distribution — across any number of verticals from ride-hailing to food delivery. Or accountants did not do much accounting.

Foreign Exchange 125

Foreign Exchange Manufacturing Investments Accounting 125

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. A 29% decline in foreign currency purchase value by U.K. Larger corporates landed increases in both the number of foreign currency purchases made in July, as well as an increase in the value of those purchases, suggesting larger U.K.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

NOVEMBER 23, 2016

As the music business becomes increasingly international, there are a tremendous number of globally dispersed contributors that have difficulty receiving their hard-earned royalties. Traditionally, payees have been subjected to high foreign exchange fees and lengthy delays, said Hyperwallet.

Foreign Exchange 73

Foreign Exchange Currencies Numbers 73

PYMNTS

JULY 5, 2019

Despite the complaints, the report also showed that investors are still interested in products like binary options, foreign exchange, contracts for difference and crypto. And this year has actually seen a decline in the number of complaints received by the AMF’s consumer contact center related to digital currency.

Foreign Exchange 47

Foreign Exchange Currencies Planning Investments 47

PYMNTS

AUGUST 2, 2019

The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. As a result, the central bank curbed the number of dollars in circulation in an effort to staunch inflation.

B2B 41

B2B Marketing Foreign Exchange Currencies 41

PYMNTS

JUNE 27, 2016

But apart from the poll results, the numbers flooding out of news stories on the Brexit paint a picture of confusion, uncertainty and debate. A 500 percent increase in currency transfers by U.K. dollar marked the steepest decline for the currency in more than three decades, analysts said. Multinational corporations fear the U.K.

Foreign Exchange 40

Foreign Exchange Currencies Startups Valuation 40

VCFO

DECEMBER 10, 2021

Inflation is the deterioration of purchasing power of a given unit of exchange (i.e., a currency) over time. The rise in the general level of prices relative to the asset of exchange (in our case, the U.S. The rise in the general level of prices relative to the asset of exchange (in our case, the U.S.

Currencies 55

Currencies Profit and Loss Foreign Exchange Math 55

Planful

SEPTEMBER 14, 2021

LifeStance Health walked through how it uses Planful’s real-time collaboration tools to get the story behind the numbers from the stakeholders who know the business best. Sessions included: Learning how to make foreign exchange and currency analysis a critical capability by “Tempering FX Volatility With Currency Analysis.”.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Accounting Planning 40

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. At a high-level view, that changes the number of levers that can be pulled — from a finance perspective — around the working capital associated with AP. The Advantages.

Invoicing 61

Invoicing Accounts Payable Foreign Exchange Currencies 61

PYMNTS

NOVEMBER 8, 2017

What lessons can foreign exchange (FX) service providers take from the Uber playbook? The service is aimed at promoting eCommerce by providing multi-currency contactless payment options, making it simpler for travelers to make payments and for local businesses to accept them. The number of remotely-based workers employed by U.S.

Foreign Exchange 40

Foreign Exchange Healthcare Currencies eCommerce 40

PYMNTS

NOVEMBER 16, 2018

The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders. With the new funding, iBanFirst said it plans to provide support for more currencies and introduce new features for its solution.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

JUNE 15, 2016

Cross-border operations can expose companies to an array of risks, including foreign exchange risk. According to Western Union, its newest tool for Hong Kong SMEs provides capabilities for favorable currency movements, reports said, while hedging against risk in the case of unfavorable FX fluctuations. A strong U.S. ” .

Foreign Exchange 40

Foreign Exchange Currencies Prioritization Invoicing 40

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. The number one consequence? Said Sawrup, “delay.

Foreign Exchange 53

Foreign Exchange Problem Solving Currencies Compliance 53

PYMNTS

FEBRUARY 23, 2017

There’s also not always a consistent currency. If you are a global employer, you contract a different payroll provider for employees in different geographies to handle specific currencies. Now, we’re seeing individuals receive payments of irregular amounts and different currencies every week. And who loses?

Foreign Exchange 46

Foreign Exchange Currencies Economics Marketing 46

PYMNTS

DECEMBER 11, 2017

But the promise of product choice for Amazon is only possible if the suppliers interested in selling their products to those Australian consumers have an easy way to get paid by Amazon – in the currency of their choosing and in a transparent and efficient way. Manage the marketplace’s equivalent of interchange – foreign exchange.

Foreign Exchange 42

Foreign Exchange Currencies Problem Solving eCommerce 42

PYMNTS

APRIL 27, 2016

The movement toward globalization, for B2B and for SMEs, has a number of benefits. Foreign exchange takes its place as a central concern among SMEs looking to work in a cross-border environment. There’s the entrance into new markets and the ability to reach new customers.

Foreign Exchange 40

Foreign Exchange B2B Currencies Transportation 40

PYMNTS

DECEMBER 15, 2017

It’s no secret that growth in cross-border trade has been explosive, where digital commerce and devices have brought heretofore untapped consumers to companies — transacting across time zones, currencies and languages. Future endeavors will include adding new currencies and payment methods with, what Massaro termed, “more configurability.”

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

JULY 30, 2018

dollar was not good for Netflix in the second quarter, and the company’s experience (or lack thereof) with currency hedging holds lessons for other participants in the digital economy. They will start looking for those smaller advantages they can pick up as opposed to targeting the big numbers as they are used to doing.”.

Currencies 40

Currencies Foreign Exchange Risk Management Treasury 40

PYMNTS

APRIL 22, 2016

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. People have to move currency, have to change currency, so forex transacting is changing very quickly because of globalization.”. That’s according to Beeks Financial Cloud CEO Gordon McArthur.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

PYMNTS

JULY 26, 2019

While services like gpi, Faster Payments or Ripple’s RippleNet accelerate transaction speeds, the visibility of that transaction is what companies value most, said Kissler, including visibility into the status of a payment, any foreign exchange conversions applied at any given point, and any fees. Preparing Banks And Businesses.

Foreign Exchange 64

Foreign Exchange B2B Prioritization Banking 64