Cross border payments

The bank is shortening the time for deposit availability in the hope of serving use cases like gig economy workers and disaster relief.

The bank and card brand will combine digital connections for supply chain finance and corporate disbursements.

Nearly 90% of central banks are considering or deploying digital currencies to speed transactions and reach underserved communities. But the larger the economy, the more difficult these projects are to implement.

Small businesses are upset at Visa and Mastercard's proposal to raise rates on cross-border payments initiated online, now that the European Commission's caps on credit and debit fees no longer apply in the U.K.

Google is enabling cross-border payments within the Google Pay app through integrations with Western Union and U.K.-based remittance firm Wise.

The Alviere finance platform has entered a partnership with B2B fintech Currencycloud to offer its clients a multicurrency e-wallet for cross-border business payments.

The banking giant is using technology to empower corporate customers to keep tabs on and resolve issues with cross-border payments.

PingPong and Perch want to make it easier for third parties, which are often accumulated into a larger group by acquisition, to sell overseas on Amazon's platform.

The fintech is one of several that have drawn capital to eliminate the challenges of international commerce.

Companies that can pay people quickly and flexibly will have an advantage, says Payslip's Fidelma McGuirk.

Potential central bank digital currencies would need to be integrated into existing payment systems alongside cash and other forms of money, Federal Reserve Chair Jerome Powell said.

The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options.

Pelican, a provider of payments and artificial intelligence technology, is supporting Swift's development of a new service for low-cost cross border payments across its Global Payments Initiative and high-speed rails.

The ability to manage both domestic and international invoices through the same AP automation and workflow creates enormous operational advantages for finance teams and the line of business, says MineralTree's Nicolette Medina.

Cross-border payments technology provider Routefusion plans to expand its embedded software services and global partnerships after a recent funding round.

The software company in a court filing reiterated its argument that XRP is a virtual currency that doesn't need to be registered.

Sending money should be simple, but fintechs can’t do it alone. By leveraging cutting-edge technology like blockchain, we can solve real problems in payments that impact everyone, everywhere, says RippleNet's Vidya Mani.

B2B cross-border payments provider Currencycloud is partnering with online foreign exchange trading service OANDA to establish an international money transfer network for companies in North America.

Flywire braced for disaster last year when the pandemic struck, with millions of foreign students canceling their academic plans indefinitely.

MoneyGram International is expanding its use of Visa Direct across Europe, allowing its customers to use the company website or mobile app to send money in near-real time to Visa debit card holders in various parts of 25 countries in Europe.