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

Citi Says Winning the End Customer Experience Is Future Battleground for Banks
Citi Says Winning the End Customer Experience Is Future Battleground for Banks
October 30, 2023  |  Banking

Institutional inertia is real, and it’s holding some incumbent businesses back while digital upstarts flourish. This situation is particularly acute for financial institutions (FIs) that...

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Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
October 27, 2023  |  Cryptocurrency

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...

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ISO 20022, Open Banking Will Transform Cross-Border Payments
ISO 20022, Open Banking Will Transform Cross-Border Payments
October 26, 2023  |  Cross-border Payments

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and...

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Western Union Sees 3% Revenue Growth in Digital Business
Western Union Sees 3% Revenue Growth in Digital Business
October 25, 2023  |  Earnings

Western Union, a provider of cross-border money movement and payment services, has focused on digital conversion to enhance its services and improve customer experiences. The...

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BNY Mellon Debuts ‘Universal’ Foreign Exchange Platform
BNY Mellon Debuts ‘Universal’ Foreign Exchange Platform
October 25, 2023  |  Banking

BNY Mellon has introduced a foreign exchange (FX) platform that lets clients execute transactions across portfolios. Universal FX, announced Wednesday (Oct. 25), follows the bank’s earlier debut of...

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Visa Direct Transactions Grow 19% Year Over Year, Credentials Up 7%
Visa Direct Transactions Grow 19% Year Over Year, Credentials Up 7%
October 24, 2023  |  VISA

Visa posted results after the markets closed Tuesday (Oct. 24) that showed a continued enthusiasm for Tap to Pay transactions in in-store settings across the...

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Sabre Partners With CellPoint Digital on Travel Industry Payment Solutions
Sabre Partners With CellPoint Digital on Travel Industry Payment Solutions
October 24, 2023  |  Travel Payments

Sabre, a software and technology provider in the global travel industry, has partnered with CellPoint Digital, a payment solutions provider for the airline industry. Under the...

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ACE and dLocal Team to Improve Remittances in APAC and EMEA
ACE and dLocal Team to Improve Remittances in APAC and EMEA
October 24, 2023  |  Cross-border Payments

Payments service provider dLocal has launched a partnership with British remittances firm ACE Money Transfer. The companies say their collaboration, announced in a news release Tuesday (Oct. 24), is...

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Payhawk Partners With Wise Platform to Streamline Global Payments
Payhawk Partners With Wise Platform to Streamline Global Payments
October 24, 2023  |  B2B Payments

Global spend management solution Payhawk has partnered with global payment infrastructure firm Wise Platform to provide faster and more cost-effective global payments to its international customer base. This collaboration...

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