PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. The financial institution or corporate client gets transparency into fees and foreign exchange rates as well as visibility of payment settlement.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

DECEMBER 4, 2020

That’s why we introduced a new, secure way to accept payments through websites, and we have enabled customers without an online presence to get paid fast through secure payment links,” said Revolut CEO and Founder Nik Storonsky. “Companies across Europe know that it’s now essential to their success to be able to do business online.

Foreign Exchange 73

Foreign Exchange Currencies Banking Economics 73

PYMNTS

AUGUST 16, 2018

In a press release , Ripple said that for xRapid to be successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world that allow payments to move from one currency into XRP, then back into another currency quickly and efficiently. will be preferred for Mexican pesos and Philippine pesos.

Foreign Exchange 40

Foreign Exchange Securities Currencies Accounting 40

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. Starting now, Australian Airwallex users can distribute virtual payment cards in multiple currencies to pay suppliers instantly. .

B2B 71

B2B Foreign Exchange Currencies Valuation 71

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. The two said they will focus on providing solutions that remove barriers to how, where and when consumers can pay internationally.

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

JANUARY 13, 2020

Foreign exchange company Travelex is back online with some of its electronic services after its system was brought down by hackers nearly two weeks ago, Reuters reported on Monday (Jan. Travelex’s network of branches continues to provide foreign exchange services manually.”.

Foreign Exchange 52

Foreign Exchange Communication Currencies Securities 52

PYMNTS

JANUARY 20, 2021

“Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

OCTOBER 28, 2019

API integration offers a way to streamline payments processing while providing access to transparent foreign exchange rates and associated fees. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

CFO News Room

FEBRUARY 2, 2022

The securities/ financial instruments discussed in this material may not be appropriate for all investors. This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/financial instrument, or to participate in any trading strategy.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

NOVEMBER 13, 2020

The company secured the funding from an unnamed angel investor, reports said. Statrys offers banking and foreign exchange payments solutions for SMBs and startups that operate across borders, connecting them with solutions like payment cards and cross-border payment capabilities.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

MARCH 19, 2019

InstaReM isn’t the only payment company that is using xRapid to send payments around the world quickly and securely. In August Ripple announced it had brought on Bitrex to act as the preferred digital asset exchange for its transactions that move through U.S.

Foreign Exchange 64

Foreign Exchange Startups Currencies Investments 64

PYMNTS

JANUARY 28, 2021

“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. Embracing A New Paradigm.

Treasury 84

Treasury Foreign Exchange Accounts Payable Prioritization 84

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

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

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. Revolut, a U.K.-based

Currencies 40

Currencies Foreign Exchange B2B Investments 40

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

JULY 17, 2018

So-called stable coins, which are pegged to an asset, be it gold or currency, have been growing in popularity as companies try to expand the uses for cryptocurrencies. Buyers of the digital token deposit U.S. dollars with Prime Trust, Stronghold’s partner, and are issued the tokens on a 1-to-1 ratio. ”

Foreign Exchange 73

Foreign Exchange Currencies Securities Retail 73

PYMNTS

OCTOBER 22, 2020

This could lead to more buyers to start using B2B eCommerce sites to secure items, and these marketplaces are expected to facilitate $3.6 trillion worth of sales by 2024. Find more about these and all the rest of the latest headlines in the Playbook.

Invoicing 63

Invoicing Foreign Exchange B2B Accounts Payable 63

PYMNTS

SEPTEMBER 14, 2018

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.

Foreign Exchange 49

Foreign Exchange Risk Management Currencies B2B 49

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

JUNE 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. The company said Monday that it has a temporary waiver from around 70 percent of the holders for its senior secured notes.

Sales 52

Sales Foreign Exchange Banking Restructuring 52

PYMNTS

NOVEMBER 22, 2016

Blockchain is the technology behind bitcoin, the popular alternative digital currency. Banks are eyeing blockchain technology to make transactions faster, lower the cost of operators and secure its infrastructure. An R3 spokesman told WSJ that turnover in the group is to be expected.

Foreign Exchange 59

Foreign Exchange Currencies Startups Investments 59

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. Global Collections facilitates same-day receipt of funds and limits foreign exchange fees by offering wholesale currency conversion rates. dollars or euros.

Foreign Exchange 49

Foreign Exchange Currencies B2B Accounting 49

PYMNTS

JULY 22, 2019

Visa is pursuing further innovations in infrastructure security for the payments industry. The company recently invested in the crypto storage company Anchorage , which safeguards investors’ digital currency and gives them more control over their assets.

Foreign Exchange 43

Foreign Exchange Currencies Transportation Securities 43

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

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

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

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. As for the exchange itself, it eventually went bankrupt.

Foreign Exchange 41

Foreign Exchange Currencies Securities Accounting 41

PYMNTS

JANUARY 13, 2017

12) that the application process for its incubator is now open, with CSI Kick Start looking for companies innovating in the areas of virtual cards, ACH, foreign exchange and other B2B payments issues, like fraud and digitization. The company said Thursday (Jan.

B2B 49

B2B Foreign Exchange Accounts Payable Startups 49

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. dollar, and currencies from more than 50 countries, through a local funds transfer. The platform will support the U.S.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

JUNE 21, 2019

Many freelancers live in different countries than their ad hoc employers, making currency exchange rates and payment tracking significant concerns. Blockchain-based currencies can reduce foreign exchange (FX) costs and grant rapid payment transfers, Chikilian noted. Payments approaches.

Foreign Exchange 43

Foreign Exchange Currencies Invoicing Leverage 43

PYMNTS

NOVEMBER 16, 2018

France’s iBanFirst secured $17 million for its corporate cross-border payments solution, sources reported this week, with Serena Capital and Breega Capital leading the way. 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

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

JULY 19, 2018

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.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies Banking 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.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

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. Foreign exchange providers are no different.

Foreign Exchange 40

Foreign Exchange Healthcare Currencies eCommerce 40