Cross border payments

Just as we call letters "snail mail," in the future people may consider bank transfers snail money.

Payoneer believes British companies will seek opportunities outside of the EU, leading to international payments demand.

When Wikimedia tries to collect payments in Latin America, it's a mixing two unusual activities. It's a San Francisco-based organization that doesn't have a large presence in the region, and even on its home turf Wikimedia generally doesn't collect frequent payments from consumers.

Most small U.S. companies don't have the brand awareness in China to stand out among the millions of goods on Alibaba's websites. Alibaba is the virtual mall that houses the brands, but sellers are in charge of production and distribution with little clarity on the demand for their wares.

Circle free offering leaves a lot of money on the table, but it also stems from a fundamentally different approach to cross-border payments.

The Society for Worldwide Interbank Financial Telecommunication plans to add instant payments messaging for the European market by late 2018, marking another step in its ongoing faster payments projects.

WorldRemit is integrating with Android Pay, taking a big step toward streamlining the process for sending mobile cross-border remittances.

Payments professionals have done too little to leverage transformational changes in technology to improve the overall client experience.

International payments and risk-based services provider INTL FCStone says its London-based global payments division will become a non-bank participant in Swift's global initiative to improve the cross-border transaction landscape.

Amidst all of the complexities that e-commerce businesses have in completing or accepting cross-border payments, PayU says the application programming interface (API) can make the biggest difference.