To gain speed and transparency, cross border payments need new infrastructure. Recent news show partnerships among banks, and in some cases, consortiums of FIs. Some efforts target blockchain, too – all with the ultimate goal of boosting trade finance and supply chain finance efficiencies.
Hong Kong’s central bank has announced measures that top financial institutions of the city plan to deploy in support of local small businesses, Reuters reported Wednesday (Oct. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Without regulatory mandates, the Open Banking wave is crashing on the shores of the U.S. financial services (FinServ) sector. 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...
After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices, The Financial Times (FT) reported on Wednesday (Oct. 16). Get the Full Story Complete the form to unlock this article...
The earlier, the better, right? 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 Today. By completing this form, you agree to receive...
Consumers may not spend much time thinking about payments, but they certainly have expectations for them. High expectations, in fact: As the 2010s are drawing to a close, customers demand a better experience when it comes to buying — and if they don’t get it,...
The merger between T-Mobile and Sprint has officially received enough votes to win approval by the Federal Communications Commission (FCC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Payday lending practices again came under fire Wednesday (Oct. 16) from members of the U.S. Congress, as Kathy Kraninger, director of the Consumer Finance Protection Bureau (CFPB), faced lawmakers during their semi-annual review of the agency. Get the Full Story Complete the form to unlock this...
The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
