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.

Loop Raises $4.7 Million for Small Business Money Movement Service
Loop Raises $4.7 Million for Small Business Money Movement Service
September 17, 2024  |  Investments

Loop raised $6.4 million CAD ($4.7 million) to expand its financial management platform for small businesses. The funding comes on top of a $4 million...

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What Payments Professionals Should Know About Biometric B2B Payments
What Payments Professionals Should Know About Biometric B2B Payments
September 16, 2024  |  Biometrics

There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce....

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This Week in B2B: Embracing Automation, Digitizing Payments, Unlocking Value
This Week in B2B: Embracing Automation, Digitizing Payments, Unlocking Value
September 12, 2024  |  B2B Payments

Digital transformation is a one-way street and a two-way journey — particularly within B2B. Embracing innovation is a one-way exercise in that businesses that realize...

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Cross-Border Payments Cost Could Be Cut by Blockchain, If It Can Only Solve the Scale Problem
Cross-Border Payments Cost Could Be Cut by Blockchain, If It Can Only Solve the Scale...
September 11, 2024  |  Blockchain

Cross-border payments suffer from inefficiencies such as high fees, slow settlement times and poor transparency, making international transactions costly and cumbersome. Blockchain technology offers transformative...

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Real-Time Payments Reach Key Milestones in the US, Switzerland and Australia
Real-Time Payments Reach Key Milestones in the US, Switzerland and Australia
September 06, 2024  |  Real-Time Payments

Real-time payments continue their rapid global expansion, with banks and governments updating existing systems and introducing new ones for their citizens and customers. Australia is...

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This Week in B2B: Partnerships, Payments and Process Improvements
This Week in B2B: Partnerships, Payments and Process Improvements
September 05, 2024  |  B2B Payments

The future of B2B payments lies in automation, not administration. Given the B2B sector’s legacy of complex workflows, intricate data requirements and entrenched manual processes,...

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TerraPay President Says Cross-Border Payments Need Global Digital Wallet Network
TerraPay President Says Cross-Border Payments Need Global Digital Wallet Network
September 05, 2024  |  Mobile Wallets

In emerging markets, the digital wallet represents much more than a novel payment option. It is a digital passport to the digital world. And in...

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TerraPay Appoints Visa Veteran Ralph Koker as Global Head of Products
TerraPay Appoints Visa Veteran Ralph Koker as Global Head of Products
September 03, 2024  |  Personnel

Global money movement company TerraPay appointed Visa veteran Ralph Koker as global head of products. In his new role, Koker will refine TerraPay’s product strategy,...

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Bridge Raises $40 Million for Global Stablecoin-Based Payments Platform
Bridge Raises $40 Million for Global Stablecoin-Based Payments Platform
August 30, 2024  |  Investments

Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the...

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