Cross-border Payments

Cross-border Payments
Mastercard, Visa, Amex Face Penalties For Violating India Data Law
October 16, 2018

Major U.S. payments companies are facing fines for violating a data law in India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Global Payments
Tappy Teams With Etisalat For Wearables; Nets Rolls Out PayCollect For Merchants
October 15, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Singapore’s Nets PayCollect rollout. In addition, Xero is working with GoCardless in New Zealand on payment collection, and Tappy Technologies is teaming up with Etisalat for wearable payments in the UAE....

Cross-border Payments
Two US Senators Call On India To Relax Data Rules
October 14, 2018

U.S. Senators John Cornyn and Mark Warner, co-chairs of the Senate India caucus, sent a letter to India’s Prime Minister Narendra Modi urging him to soften his stance on rules that require customer data to be stored locally. Get the Full Story Complete the form...

Cross-border Payments
Report: 64 Percent Of Countries Have Money Laundering Risk
October 12, 2018

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse. Get the Full Story Complete the...

Global Payments
SmartPesa Rolls Out Android POS System; Vipps Selects Inside Secure For Payment Security
October 11, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Norway’s Vipps selection of Inside Secure to provide security for contactless payments. In addition, SmartPesa is rolling out an Android point-of-sale (POS) system, and South Africa’s Mugg & Bean (M&B)...

Cross-border Payments
Earthport Named By BNP Paribas To Provide ACH Cross-Border Payment Services
October 11, 2018

Earthport, a global payments company, announced Thursday it has been named by BNP Paribas to provide Automated Clearing House (ACH) cross-border payment services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Global Payments
Santander Goes Live On SWIFT gpi
October 11, 2018

SWIFT announced Thursday (Oct. 11) that Santander, the retail and commercial bank, has gone live on SWIFT’s global payments innovation (gpi) service in Spain, the U.K., Argentina and Poland. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Europe
EU Cracks Down On Passport Sales Due To Money Laundering
October 10, 2018

The European Commission announced Wednesday (October 10) that it plans to provide European Union states with guidelines for handling national schemes to sell passports and residency permits to wealthy foreigners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Global Payments
Western Union Unveils UK High-Value Transfers; Gap Taps Adyen For European Payments
October 10, 2018

Welcome to The Axis, your look at payments news from around the world. Coverage includes The Western Union Company’s roll out of high-value digital transfers from the U.K. In addition, Gap Inc. has tapped Adyen for online and in-store payments in Europe, and the Bangalore...