Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically time consuming and expensive. But that’s exactly the problem that Chen Amit, set out to solve four years ago when...
An Argentine bank whose anti-money-laundering controls got a clean bill of health from the New York Federal Reserve is now at the center of civil and criminal Federal investigations over laundering of $24 million by means of more than 20,000 separate checks between 2005 and...
It seems soon Greyhound buses and Amtrak trains could soon know the world of hurt that ride-sharing has already brough to the world’s taxi operators. Instead of offering a taxi service like Uber or Lyft, Tripda matches passengers and drivers (who are already planning travel)...
Bank of America Merrill Lynch has added some significant new global features for its B2B cards, including expanded country footprints (adding Guatemala and Turkey), real-time account management and integrated global data consolidation in Hong Kong and India, additional B2B payment options in 27 more countries...
Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. Get...
The three months through September were still the busiest for IPOs in four years and would have been even if Alibaba had never set foot in the U.S. and gone public. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Non-cash payments ticked up 10 percent in 2013 to 366 billion transactions, pulled along by intense growth in developing markets. According to RBS data, nearly a quarter of all global non-cash transaction growth–that’s about 93 billion transactions–happened in those developing markets. China remains less developed...
Robust economic growth in the U.S. and United Kingdom, combined with a gradual recovery in the Eurozone, should help strengthen global economic activity over the next year, according to the latest HSBC Trade Confidence Index. However, rising geopolitical tensions could weaken such projections. Get the...
Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at five common elements that link many of those stories, in essence making them the “trends of the week.” Get the...
