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.

CFPB’s Fee Focus May Reshape $626B Remittance Payments Industry
CFPB’s Fee Focus May Reshape $626B Remittance Payments Industry
January 17, 2023  |  Legal & Regulation

With a focus on fees, the Consumer Financial Protection Bureau (CFPB) may reshape cross-border payments, specifically the hundreds of billions of dollars in remittances that...

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CFPB’s Next Target Is Cross-Border Payments
CFPB’s Next Target Is Cross-Border Payments
January 16, 2023  |  Legal & Regulation

America’s top consumer watchdog is reportedly looking to strengthen its rules for overseas money transfers. The Consumer Financial Protection Bureau (CFPB) is considering new restrictions...

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Payoneer: Cross-Border Payments Should Be Just Like Sending Email
Payoneer: Cross-Border Payments Should Be Just Like Sending Email
January 05, 2023  |  Cross-border Payments

As small- to medium-sized businesses (SMBs) and freelancers extend their global eCommerce reach, making payments should be as easy as sending an email. “Everyone wants...

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Santander Teams With Global Payments on Commercial Cards
Santander Teams With Global Payments on Commercial Cards
January 04, 2023  |  B2B Payments

Santander Bank said it’s working with Global Payments on a card offering for corporate clients. In a LinkedIn post on Wednesday (Jan. 4), Santander said that starting in...

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Why Worldline Says Turkey Is Ready for eCommerce Innovation
Why Worldline Says Turkey Is Ready for eCommerce Innovation
January 01, 2023  |  eCommerce

The fast-growing Turkish eCommerce market is catching the attention of global online businesses. According to Guillaume Tournand, vice president of growth and digital commerce at...

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Borderless Business Payment Methods Automate International Growth
Borderless Business Payment Methods Automate International Growth
December 29, 2022  |  B2B Payments

Innovative B2B payment methods and automated enterprise systems are mission-critical for companies expanding abroad. As a result, companies around the world are turning to multicurrency...

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Businesses Tame Market Volatility With Multi-Currency Wallets
Businesses Tame Market Volatility With Multi-Currency Wallets
December 27, 2022  |  Global Payments

Foreign exchange (FX) volatility presents challenges for cross-border payments, but digital multi-currency wallets offer a solution. According to Ola Oyetayo, CEO at B2B cross-border FX...

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75% of Small Businesses Dissatisfied With Cross-Border Payment Solutions
75% of Small Businesses Dissatisfied With Cross-Border Payment Solutions
December 14, 2022  |  SMBs

International transactions for small businesses should be as easy to clinch as domestic sales. The rise of digitally powered businesses has opened new possibilities for...

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Airlines and Travel Agencies Ride Tailwind of Payment Choice Online
Airlines and Travel Agencies Ride Tailwind of Payment Choice Online
December 05, 2022  |  Travel Payments

Increasing optionality in travel payments is helping to keep the sector’s rebound rolling. Al Enes, vice president of gig economy and travel at payments platform...

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