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.

Ripple, Brazil’s Travelex Bank Add Crypto-Based X-Border Payments
Ripple, Brazil’s Travelex Bank Add Crypto-Based X-Border Payments
August 18, 2022  |  Cryptocurrency

Aiming to use cryptocurrency to enable cheaper, faster cross-border payments, enterprise blockchain and crypto solution provider Ripple has teamed up with Travelex Bank to launch...

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Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
August 16, 2022  |  Cross-border Payments

The continued eCommerce shift has merchants — especially larger ones — pivoting to sell their products directly to consumers (D2C). In that model, they’re eschewing...

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SMB Sellers, Payments Surprisingly Resilient in the Face of Global Turmoil
SMB Sellers, Payments Surprisingly Resilient in the Face of Global Turmoil
August 12, 2022  |  B2B Payments

B2B payment digitization came to the rescue during the pandemic, but it also can help businesses cope with humanity’s self-induced catastrophe, war. Ukraine is a...

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Wise, Plaid Launch Open Finance Partnership
Wise, Plaid Launch Open Finance Partnership
August 10, 2022  |  Partnerships

Money transfer service Wise and payments processing company Plaid have formed an open finance agreement to help customers move money across different financial institutions (FIs)....

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NEW REPORT: Supporting Resilient Growth While Navigating Black Swan Events
NEW REPORT: Supporting Resilient Growth While Navigating Black Swan Events
August 04, 2022  |  Risk Management

Managing global risk has become more complicated than ever. Risk managers must not only confront issues of maintaining global regulatory compliance concerning anti-money laundering (AML)...

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Amex Launches Global Pay for Cross-Border Payments
Amex Launches Global Pay for Cross-Border Payments
August 02, 2022  |  Cross-border Payments

American Express has launched Global Pay, a digital solution the company said will let U.S. businesses make secure domestic and international B2B payments. “Through this...

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ClickBank CFO: Localized Payments, Streamlined FX, Key to Global Expansion
ClickBank CFO: Localized Payments, Streamlined FX, Key to Global Expansion
August 02, 2022  |  Cross-border Payments

At first glance, eCommerce platforms are made for the global economy. They are extensible, cross borders and rely on digital means to bring buyers and...

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Rêv Worldwide Set to Acquire Netspend Consumer Business
Rêv Worldwide Set to Acquire Netspend Consumer Business
August 01, 2022  |  Acquisitions

International FinTech Rêv Worldwide announced Monday (Aug. 1) that it will acquire Netspend’s consumer business from Global Payments, in partnership with Searchlight Capital Partners. The...

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Global Payments Pays $4B for Payments Firm EVO
Global Payments Pays $4B for Payments Firm EVO
August 01, 2022  |  Acquisitions

Payments software firm Global Payments is set to acquire payment technology and acquiring solutions firm EVO Payments for $4 billion, according to a Monday (Aug....

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