The International Chamber of Commerce met on Oct. 21 for a session that was called a set of “intense talks” to finalize the first set of standardized supply chain finance definitions. After nine hours of discussion, the 11-member group prepared the terms for an initial draft that’s expected...
Visa and MasterCard have won a reprieve from Russia’s demand that the card brands pay more than $1 billion each to continue operating in the country, Russia Beyond the Headlines reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Alibaba’s biggest rival in China, Tencent, has just led a $350 million funding round for a startup called Koudai Gouwu that could challenge Alibaba where it’s weakest: mobile shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Central Bank in Ecuador is trying to launch a national mobile payment scheme that is designed to handle B2B transactions (along with P2P, top-up, cash in and out, in-store purchases and electronic receipts), deliver a very low rate (a $50 charge costs four cents,...
The Tungsten Network, a global e-Invoicing platform built on OB10, now enables customers to send and receive electronic invoices that qualify as a legal invoice in Qatar. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Alipay Wallet has confirmed 190 million annual active users and is delivering 45 million daily transactions, with more than half of that coming directly from Alipay transactions, reports Technode. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
RBS is slashing the time and paperwork required for corporate clients in 23 countries to open new accounts -- and not just in the U.K., the bank announced Thursday (Oct. 16) at the Eurofinance conference in Budapest. The bank's Accelerated Onboarding Service, which is already...
Forty percent of Fortune 500 companies are already connected to SWIFT, the global financial-messaging network. That’s according to Gottfried Liebbrandt, CEO of Brussels-based SWIFT, at the organization’s Sibos conference in Boston last week. But that number should be closer to 90 percent, said David Blair,...
For some, EMV-enabled payment cards are about more than just security. For some, EMV is deemed essential for banks with reloadable prepaid products to both cut costs and boost convenience for international travellers, says Pamela Kohl, Executive VP of Products and Channels, Banco do Brasil...
