Cross border payments

President-elect Trump faces legal questions over his idea to hold remittances ransom to fund a wall in Mexico, but the industry should take the threat seriously.

The collaboration will help consumers use WorldRemit funds to accounts in six new markets in Africa.

There's been a rapid growth of cross-border payments and remittance startups, and CIBC responded with a major project designed to streamline transactions.

Vantiv has made a name for itself the past two years in advancing integrated payments at the point of sale, while also welcoming application developers to interact with the company's technology through Vantiv ONE. Its latest move puts its focus on e-commerce.

While there are a handful of payment pilots underway, the real benefit of blockchain for banks is a long-term proposition--and most early projects will be internal.

As bitcoin's spotlight fades and banks work to adapt its underlying blockchain technology for more traditional uses, it seemed that the world was ready to move on from the infamous cryptocurrency. And then Donald Trump was elected president of the U.S.

Earthport has used distributed ledger technology, including a partnership with Ripple, to build a global cross-border payment network.

Flywire, the Boston-based firm specializing in cross-border tuition payments, has expanded to Australia, the third most popular destination in the world for international education behind the U.S. and the U.K.

Trump's election raises a lot of issues for the financial services industry, particularly for companies that operate internationally or rely on emerging technology. Here are a few areas Trump's presidency is likely to disrupt.

President-elect Donald Trump’s well-publicized plan to build a border wall and make Mexico pay for it could have significant ramifications for a major sector of the payments industry.