“The pandemic has brought into very clear focus how commercial trading partners are struggling, with cash flow challenges due to payment slowdowns among the biggest contributors,” says Dean Leavitt, founder and CEO of Boost Payment Solutions. “Finding ways to preserve working capital has become an...
Similar to what occurred after the 2008 financial crisis, the COVID-19 pandemic has spurred a shift away from credit cards, notes Akash Garg, CTO of Afterpay. “Afterpay’s data has shown a significant shift to debit over the COVID-19 period, beginning in March — with nearly...
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Cross-border payments continue to be notorious for being slow and costly, with each FI involved in processing the transaction attaching additional fees. In this month’s The FI’s Guide To Modernizing Digital Payments, Nicholas Lembo, head of Americas growth for TransferWise, discusses how leveraging inter-bank networks...
The pandemic is accelerating the great migration of merchants to online channels, and particularly online platforms. In an interview with PYMNTS, Daniel Wideman, VP of product at Spreedly, said that platforms, payments orchestration and smart routing of transactions are becoming “must-haves” in an online world...
Cross-border payments are a necessary, yet often frustrating part of the world economy, with international transactions prone to overlapping government regulations, excessive fees and slow processing times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Enterprise blockchain service provider Ripple on Thursday (Oct. 8) announced a beta offering called Line of Credit that it says lets its FinTech customers use the XRP digital currency to send cross-border payments. The service is not available to individuals. Get the Full Story Complete...
Vertical payments firm Flywire has partnered with BELTA, the Brazilian Educational & Language Travel Association, in a move that grows the availability of its cross-border payment services for students from Brazil who are studying in other countries. Get the Full Story Complete the form to...
As data privacy becomes enshrined in international law, regulatory compliance will grow more stringent and costly to companies that fail to provide the digital defenses these laws demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
