Tagged: digital transactions

Fintech Ripple Shares Insights on How Local Banks Can Support Small Business Payments

Small-and-medium-sized enterprises (SMEs) are increasingly looking to global markets to fuel their growth. According to Mastercard’s 2023 Borderless Payments Report, 50% are now “conducting more international business than they did in 2021, contributing to over $17 trillion in annual cross-border payments.” Despite this momentum, growth… Read More

Fintech SmartStream Introduces Latest TLM Collateral Management Solution

SmartStream, says it has launched a new version of the TLM Collateral Management solution. Version 7.0, developed in collaboration “with a tier-one bank customer, introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.” The expanded… Read More

Fintech Thunes Explains Why Transparent FX for Payouts Can Be Beneficial When Completing Cross-Border Payments

Thunes explains that sending money across borders often presents significant challenges, particularly due to the lack of transparency around foreign exchange (FX) fees. Thunes noted in a blog post that often, consumers and businesses “don’t know how much local currency they are sending abroad.” Thunes… Read More

Intelligent Transaction Search on CashPro Introduced by Bank of America, Aims to Improve Ease of Doing Business

When it comes to finding, analyzing and acting on their company’s financial information, corporate finance departments, treasurers and chief financial officers (CFOs) expect the same ease and convenience they enjoy while managing their personal finances. That is reportedly why Bank of America (NYSE: BAC) is… Read More

Kestronics and DNA Payments to Assist Merchants with Simple Unified Payments

DNA Payments and Kestronics have recently launched a strategic partnership. This collaboration not only equips merchants across the UK with DNA Payments’ payment devices and solutions, but also offers them “enhanced security, faster transaction processing, and a seamless payment experience.” Fintech DNA Payments and Kestronics,… Read More

Visa Announces Emergency Card Replacement Service, Providing Digital Card Replacement via Text or Email

Digital wallets have become an essential part of the travel experience for many, with 74% of U.S. travelers now using them on their trips. This, according to an update from Visa (NYSE:V). Kicking off the summer travel season, Visa, a global enabler of digital payments,… Read More

Digital Payments Fintech Checkout.com Teams Up with MENA Region’s Majid Al Futtaim

Majid Al Futtaim, a shopping mall, communities, retail, and leisure pioneer across the MENA region, announced a new partnership with Checkout.com, a global digital payments provider. The agreement will see the 15 million plus customers “that shop Majid Al Futtaim’s online stores each month provided… Read More

Nium, the Real-Time Cross-Border Payments Provider, Selected for Virtual Card Transactions By Travel Agency

Nium, the global enabler of  in real-time cross-border payments, announced today that HappyEasyGo, an online travel agency, has selected it for virtual card payments. Launched in 2017, HappyEasyGo claims that it “has emerged as one of the fastest-growing flight and hotel booking platforms in Asia,… Read More

Alchemy Pay to Introduce Digital Banking Solution for Web3 focused Enterprises

Alchemy Pay, the fiat-crypto payment solution provider, is set to launch its latest venture, the Web3 Digital Bank. This new initiative will offer global Web3 businesses “a compliant, easy, and reliable means to open and operate multi-fiat accounts, streamline cash flows within a single account,… Read More

Mastercard and Salesforce Announce Integration to Improve Transaction Disputes Process

As consumers seek easier and safer shopping experiences, Mastercard (NYSE: MA) and Salesforce (NYSE: CRM) announced a new integration to enhance trust across the ecosystem, helping customers speed up the resolution of transaction disputes, and reduce costs associated with resolving them. Disputes and chargebacks, where… Read More

Iberpay and Santander Announced As Inaugural Participants in One-Leg Out Instant Credit Transfer Scheme

Iberpay and Santander are the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme. Iberpay will act as a Clearing and Settlement Mechanism (CSM) “for OCT Inst transactions via Santander, and will also “be a scheme participant in the role of… Read More

Digital Transformation: Visa Introduces Payments Products for Global Economy

The way people pay and get paid has changed more in the past five years than in the last 50, according to an update from Visa (NYSE: V). Consumers have evolved, adapting to new payment experiences – “from the advent of embedded, digital commerce to… Read More

DTCC Shares Comments on Industry’s Affirmation Progress with T+1 Implementation Just 2 Weeks Away

The US transition to a T+1 settlement cycle is only two weeks away, and DTCC says that it continues to actively work with the industry and regulators to ensure a seamless transition to a T+1 settlement cycle on May 28th, 2024, with a focus “on… Read More

Fintech SoFi Announces Support for Zelle Transactions

SoFi (NASDAQ: SOFI) will be supporting Zelle which is being rolled out after requests from clients. Zelle is a bank-owned instant payments and transfer service that is broadly available in the banking world. SoFi states that Zelle is one of the most requested features for… Read More

Visa and JP Morgan Payments to Enable Faster Money Movement in the US via Visa Direct

Visa Inc. (NYSE: V) and JP Morgan Payments announced a strategic collaboration that aims to enhance merchant experiences, empower cardholders, and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in the US through the Visa Direct network. With Visa Direct’s extensive… Read More

Real-Time Transactions Report: Irreconcilable Nature of Instant Payments Considered a Notable Feature

Instant payments, also called real-time payments, are a form of electronic payment that is said to be “available 24/7/365, with the payment processed and funds made available to the recipient instantly,” the latest Juniper Research report explains. However, there is not a singularly accepted definition… Read More

Razorpay Takes Stride Toward Global Compliance for Export Payments with Video KYC Integration

Navigating regulatory requirements is crucial for businesses aiming to expand their reach across borders, according to an update from Razorpay. Razorpay claims that it has “taken a significant stride toward global compliance for export payments with the recent integration of Video KYC (Know Your Customer)… Read More

Borderless AI and Nium Enhance Employer of Record Business with Real-Time Cross-Border Payments

Borderless AI, an Employer of Record (EOR) services provider, announced its strategic partnership with Nium, the global enabler of real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry. This collaboration is said to mark a significant milestone in “enhancing efficiency, transparency, and… Read More

Airwallex for Startups Launches to Enable Startup Success

Airwallex, the Australia-founded leading financial platform for modern businesses,  announced the launch of Airwallex for Startups, Australia’s comprehensive program for local startups seeking to accelerate their growth. The initiative – which includes practical resources, networking and content opportunities, exclusive product offers “from Airwallex and others… Read More

Coinbase Integrates Bitcoin (BTC) Lightning Network via Lightspark Partnership

Coinbase (NASDAQ:COIN) is rolling out support for the Lightning Network enabling instant, low-cost bitcoin transfers. Users will have the option to choose between using Lightning for faster and cheaper bitcoin transactions, or processing their transaction on the traditional Bitcoin network. This integration furthers their mission… Read More

Send this to a friend