School bells ring, school cash registers ring and cross-border payments can zing — if the right regulatory boxes are not checked off. Flywire’s CEO Mike Massaro spoke about the need for flexibility in cross-border transactions, with an eye on regulations and on reducing friction in the experience.
In an announcement, ProPay said it can now facilitate these transactions across borders and across channels. Recipients of payments can get paid via globalEFT, wire, debit or prepaid card, and the solution enables real-time or expedited commissions transfers.
In an interview with American Rhino founder Chris Welles, who discusses the payments complexities of his global clothing venture, which helps protect African rhinos.
In a world where payment processing is slated to grow by as much as 33 percent annually over the next few years, as measured by Allied Market Research, the talent acquisition deal between Vantiv and Worldpay stands out. The August announcement spotlighted a firm with 21 billion annual B2B transactions under its belt (Vantiv), broadening reach and scale with the assumption of Worldpay, which will have international headquarters in London.
The enterprise has been a bit skeptical about mobile payments. One exception may be in the T&E space, in which FinTechs are introducing ways for employees to make B2B payments and integrate transaction data into expense management systems, a reflection of the mobile nature of the traveling employee.
Flywire, a provider of cross-border payments and receivables solutions for businesses, schools and healthcare providers announced news on Tuesday (Aug. 28) that it is helping schools in Ireland comply with a recent government regulation regarding tuition payments made from outside Ireland.
Wilson Wang, director of checkout and payment products for online travel platform Expedia, explains why the company is doing everything from offering payment plans to accepting foreign currency in an attempt to make travel payments as painless as possible for its customers and its hotel and airline partners.
We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. Gathering wallet share of hundreds of millions of young, urban and newly flush Chinese consumers as they search online for goods and services is increasingly attractive for merchants and marketplaces alike.
International expansion is a high-risk, high-reward game for small- and medium-sized businesses (SMBs). A recent report by HSBC found that a lack of international business expertise is certainly preventing small businesses from dealing with global partners, with 60 percent telling researchers their lack of experience in trade negotiations is a major barrier to global growth.