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.

JPMorgan, Siemens and the Lure of Blockchain (Beyond Bitcoin, of Course)
JPMorgan, Siemens and the Lure of Blockchain (Beyond Bitcoin, of Course)
December 20, 2021  |  Blockchain

There are country-by-country rollouts — and then there are company-by-company rollouts. News this week that banking giant J.P. Morgan Chase is working with Siemens on...

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Deep Dive: How Localizing Cross-Border Payment Experiences Helps Merchants Attract International Customers
Deep Dive: How Localizing Cross-Border Payment Experiences Helps Merchants Attract International Customers
December 20, 2021  |  Cross-border Payments

Cross-border payments have been critical in keeping the global economy afloat during a period of extraordinary instability. As a result, a report predicted that the...

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Visa: How a Global, Digital Network Can Boost Financial Inclusion
Visa: How a Global, Digital Network Can Boost Financial Inclusion
December 20, 2021  |  Cross Border Commerce

Amid the great digital shift, subsets of financial services remain challenged because of decades-old, friction-filled and fragmented processes. Ruben Salazar, global head of Visa Direct,...

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Voda Swimwear on Localizing the Payment Experience to Help Drive Cross-Border eCommerce Sales
Voda Swimwear on Localizing the Payment Experience to Help Drive Cross-Border eCommerce Sales
December 17, 2021  |  Cross-border Payments

With more than 200 payment types available worldwide, deciding which ones to add and how much revenue they will generate can be overwhelming for global...

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Visa: US Consumers Prefer to Send Remittances Digitally
Visa: US Consumers Prefer to Send Remittances Digitally
December 17, 2021  |  Digital Payments

A Visa survey has found that digital payments are the most popular way to send money outside the country, with 23% of those surveyed have...

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SurePay, SEPAmail.eu and StreamMind Target Cross-Border Payments Fraud 
SurePay, SEPAmail.eu and StreamMind Target Cross-Border Payments Fraud 
December 16, 2021  |  Cross-border Payments

SurePay, SEPAMail.eu and StreamMind on Thursday (Dec. 16) launched a cross-border solution for IBAN check/confirmation of payees, allowing companies and banks to confirm account information...

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Bnext Adopts LoginID FIDO-Certified Biometric Authentication
Bnext Adopts LoginID FIDO-Certified Biometric Authentication
December 16, 2021  |  Partnerships

Spanish FinTech Bnext and FIDO-certified biometric authentication provider LoginID have partnered on the integration of LoginID’s FIDO2 SDKs into the Bnext mobile application.  The collaboration,...

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Western Union Teams With Ukraine, CIS Institutions on Cross-Border Payments
Western Union Teams With Ukraine, CIS Institutions on Cross-Border Payments
December 15, 2021  |  Cross-border Payments

Western Union will be working with major Ukraine financial institutions and across the Commonwealth of Independent States (CIS) to boost cross-border payments, according to a...

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SWIFT Outlines Strategies for Global Adoption of Frictionless Transactions in 2022
SWIFT Outlines Strategies for Global Adoption of Frictionless Transactions in 2022
December 14, 2021  |  Cross-border Payments

Global banking network SWIFT is closing 2021 by highlighting its progress toward enabling cross-border frictionless transactions and looking ahead to 2022 as it sets the...

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