Global Payments

Globalization is driving corporations to transact more frequently across borders. Consumers are also transacting more on a global basis—buying from foreign eCommerce sites as well as traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. This is also leading to a consequent shift downwards in the average value of these payments.

SVB Appoints Former BofA and Amex Execs as Payments and Digital Solutions Heads
SVB Appoints Former BofA and Amex Execs as Payments and Digital Solutions Heads
August 22, 2023  |  Personnel

Silicon Valley Bank has named new heads of its payments and digital solutions divisions. The bank announced Tuesday (Aug. 22) that Martin Murrell had been named head of global...

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SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
SWIFT’s Headway on Faster Cross-Border Payments Is Just the Beginning
August 22, 2023  |  Real-Time Payments

One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed.   Faster payments tend to translate into greater...

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Yeeld and Airwallex Team to Enhance International Payments
Yeeld and Airwallex Team to Enhance International Payments
August 22, 2023  |  Partnerships

FinTech startup Yeeld has partnered with Airwallex to accelerate global payments and financial operations for customers. Yeeld, founded by former Stripe employees Emily Tsitrian and Mira Boora, specializes in assisting businesses of all sizes...

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Koverly Launches B2B BNPL Platform for International Trade
Koverly Launches B2B BNPL Platform for International Trade
August 22, 2023  |  B2B Payments

Koverly has unveiled its B2B buy now, pay later (BNPL) platform, offering businesses enhanced payment flexibility and reduced foreign exchange (FX) rates. The standout feature of...

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Global B2B Payments Network TreviPay Adds Cross-Currency Feature
Global B2B Payments Network TreviPay Adds Cross-Currency Feature
August 22, 2023  |  B2B Payments

TreviPay has introduced a new feature that enables merchants to process cross-currency transactions for their B2B customers. This development aims to facilitate global business growth and enhance buyer...

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Clara Launches Cross-Border Payments Service in Mexico
Clara Launches Cross-Border Payments Service in Mexico
August 21, 2023  |  Cross-border Payments

FinTech company Clara has reportedly launched a cross-border payments service in Mexico.  The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday...

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Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
August 18, 2023  |  Cybersecurity

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it...

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Velo Payments Buys YapStone to Form Unified Payment Management System
Velo Payments Buys YapStone to Form Unified Payment Management System
August 16, 2023  |  Partnerships

Velo Payments is acquiring YapStone, a leading payment processing platform in the short-term and vacation rental industry. The companies have entered into a definitive merger agreement, and...

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Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans
Cross-Border Payment Solutions Give Big Lift to Small Business Growth Plans
August 16, 2023  |  Cross-border Payments

Small- to medium-sized enterprises (SMEs) help economies across the world go ’round. But despite their significant contributions to global commerce, local SMEs have long been underserved by...

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