cross-border payments

Cross-border payment is a term referring to transactions involving individuals, companies, banks or settlement institutions operating in at least two different countries.

Source: kantox.com

India’s PMC Bank Accused Of Loan Fraud
India’s PMC Bank Accused Of Loan Fraud
October 01, 2019  |  International

A recent police complaint alleges that the Punjab and Maharashtra Co-operative Bank (PMC) made up 21,000 fake accounts to hide loans, according to a report...

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Flywire, JCB Team For Cross-Border Tuition Payments
Flywire, JCB Team For Cross-Border Tuition Payments
September 30, 2019  |  Partnerships / Acquisitions

To open up new currency options and new markets for cardholders of JCB across Asia, Flywire and JCB International, Co., Ltd. (JCBI) have unveiled a...

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FinTechs Help Global Banks Tackle SMB Challenges
FinTechs Help Global Banks Tackle SMB Challenges
September 27, 2019  |  B2B Payments

Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the...

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The Cash Flow Solution App Developers Don’t Know They Need — But Do
The Cash Flow Solution App Developers Don’t Know They Need — But Do
September 27, 2019  |  Faster Payments

The phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient...

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FIs Look Inward For Faster Blockchain Deployment
FIs Look Inward For Faster Blockchain Deployment
September 26, 2019  |  B2B Payments

Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger...

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SWIFT’s gpi Gains Ground In Instant Payments
SWIFT’s gpi Gains Ground In Instant Payments
September 26, 2019  |  B2B Payments

SWIFT said this week that a new service will integrate gpi into instant payment offerings across the globe. Separately, in India, seven banks sign on to...

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Bill.com Reports 200+ Pct. Increase In Transactions, Payment Volume This Year
Bill.com Reports 200+ Pct. Increase In Transactions, Payment Volume This Year
September 25, 2019  |  Global Payments

Cloud-based finance software Bill.com can now facilitate international payments in 106 currencies and 137 countries, the company announced in a press release on Wednesday, Sept....

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What Does Innovation Mean For Financial Institutions?
What Does Innovation Mean For Financial Institutions?
September 25, 2019  |  Innovation

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Is real-time global payments expanding...

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Western Union Says New Platform Strategy To Drive Growth, Higher Margins
Western Union Says New Platform Strategy To Drive Growth, Higher Margins
September 24, 2019  |  Payment Methods

Western Union Company is meeting with investors and analysts about strategy updates and its three-year financial outlook, the company said in a press release on...

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