A payment moving from one country to another passes through banks, clearing systems and payment networks that operate under different rules. The recipient information used to check the payment and bolster security can be just as fragmented. Payee verification connects some of those far-flung systems....
Citi now enables its bank clients to access multiple cross-border instant payment markets through a single account structure, the bank said in a Tuesday (Sept. 29) press release. This solution also eliminates the need for these bank clients to have separate local banking relationships, bilateral agreements or local technical infrastructure, according...
The payments industry has largely converted its cross-border messaging infrastructure to ISO 20022. Its next challenge is getting structured address data to match the new messaging standard. Swift postponed the next major milestone in that effort Thursday (Aug. 27), extending the timetable for eliminating fully...
Payments used to arrive at the end of a sale, take the money and leave. Now they have a much bigger job. They can help companies earn revenue, see cash, serve customers and make better decisions. PYMNTS developed “Summer School 2026: The Payment Stack Strikes...
October 05, 2026
Watch more: Need to Know With Spreedly’s Nick Daley Selling in another country can force a merchant to find out how much growth its payments infrastructure can actually support. New markets bring local payment preferences, new providers and different transaction economics, while every connection adds another system that has to be integrated, reconciled and maintained. […]
August 11, 2026
Payments used to arrive at the end of a sale, take the money and leave. Now they have a much bigger job. They can help companies earn revenue, see cash,...
July 08, 2026
Watch more: Need to Know With Bank of America’s AJ McCray The greatest obstacle to faster cross-border payments is no longer moving money. It is delivering the same certainty, visibility...
June 25, 2026
Watch more: The Digital Shift With OpenPayd’s Iana Dimitrova For years, the goal in global payments was simple: connect businesses to more rails. The pitch was always speed, lower cost,...
September 29, 2026
Citi now enables its bank clients to access multiple cross-border instant payment markets through a single account structure, the bank said in a Tuesday (Sept. 29) press release. This solution also eliminates the need for these bank clients to have separate local banking relationships, bilateral agreements or local technical infrastructure, according to the release. Citi’s offering operates on the Swift payments scheme and […]
June 18, 2026
Zelle network operator Early Warning Services plans to launch a proprietary U.S. dollar-backed stablecoin as part of its strategy to expand Zelle person-to-person digital payments beyond the United States. The ZelleUSD (ZLUSD)...
March 04, 2026
Standard Chartered named JPMorgan Chase’s former blockchain unit leader to oversee its payments business. Naveen Mallela will become the bank’s global head of payments starting May 4, according to a...
January 12, 2026
Financial technology company FIS has introduced its first agentic commerce offering. FIS says this new tool, announced Monday (Jan. 12), is the first to allow banks to “safely and securely”...
