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.

Bank Of England Plans Panel To Standardize Payments Messaging
Bank Of England Plans Panel To Standardize Payments Messaging
November 12, 2018  |  B2B Payments

As the U.K. continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel...

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Amex Obtains License For Chinese Card Service
Amex Obtains License For Chinese Card Service
November 09, 2018  |  International

Before a summit between China’s President Xi Jinping and U.S. President Donald Trump, American Express has received the go-ahead to open up card-clearing services in...

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Singapore Alt-Lender Merges With eProcurement Platform
Singapore Alt-Lender Merges With eProcurement Platform
November 09, 2018  |  B2B Payments

Two Singapore-based FinTechs are combining their services to create a unified supply chain financing tool. Reports in Vulcan Post on Thursday (Nov. 8) said that...

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India Finance Minister Says Visa, Mastercard Losing Local Market Share
India Finance Minister Says Visa, Mastercard Losing Local Market Share
November 08, 2018  |  International

In the battle across India for consumer transactions, in the battle for hearts and minds and wallets, might Mastercard and Visa be losing share? Reuters...

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Zara Plans To Roll Out International Online Shopping Platform
Zara Plans To Roll Out International Online Shopping Platform
November 08, 2018  |  Retail

To bring its fashions to new markets, Zara plans to roll out a global online platform. With the launch, the retailer will expand its efforts...

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With New Deal, Western Union And M-PESA Make Global P2P Wave
With New Deal, Western Union And M-PESA Make Global P2P Wave
November 07, 2018  |  Global Payments

Western Union and M-PESA announce today a global P2P partnership that will make it easier for M-PESA customers to send money outside of Kenya and...

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Louis Vuitton Does Cross-Border Payments, Connects To SWIFT Via FIS
Louis Vuitton Does Cross-Border Payments, Connects To SWIFT Via FIS
November 07, 2018  |  Payment Methods

FIS, a global leader in financial services technology, announced that it has connected LVMH Group to the SWIFT Global Payments Innovation (gpi). The move will...

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The High Price Of Payments — And Innovation — In Travel
The High Price Of Payments — And Innovation — In Travel
November 06, 2018  |  Travel Payments

It’s that time of the year: crowded airports, missed connections, maybe the surprise of an upgrade (to stretch out those legs after sitting all day...

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Santander Launches Enterprise Payment Link
Santander Launches Enterprise Payment Link
November 06, 2018  |  B2B Payments

Santander Bank is rolling out a new corporate payments solution aimed at supporting visibility into business transactions via wire, ACH and check. The bank debuted...

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