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Cambridge Global Payments Automates X-Border AP

PYMNTS

Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes.

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Gauging FX Risks For Cross-Border Payments

PYMNTS

FinTechs are gaining traction in cross-border payments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments. Along with real-time conversions comes the need for real-time FX volatility management.

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Driving Cross-Border Payments Into The Future

PYMNTS

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.

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Wells Fargo Refunding Customers For Add-On Products

PYMNTS

The report comes as Wells Fargo disclosed late last week that it took a $619 million charge in the second quarter of the year to cover refunds to customers that were overcharged by its foreign exchange, wealth management and auto and mortgage lending businesses.

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BELLIN Unites Treasury Tech With FX Management

PYMNTS

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.

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WorldFirst’s CurrencyVue Takeover Signals B2B Payments Push

PYMNTS

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.

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Shedding Light On FX And Supply Chain Risks Amid Cross-Border Payments

PYMNTS

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.