Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150 million-plus account holders — many of whom live in remote parts of Indonesia, a nation of 17,000 islands — make real-time international money transfers across a range of payment methods, according to a...
There’s a reason why the well-worn phrase “Like money in the bank” is shorthand for security and peace of mind. For B2B suppliers especially, money in the bank — in its most literal sense — is among the most critical components of security. Cash in...
Visa and CARD91 have partnered to enable regulated entities to issue Forex Cards on the Visa network. This collaboration brings together Visa’s digital payments network and CARD91’s issuance platform-as-a-service solutions to improve the issuance experience for both cardholders and issuers, the companies said in a Thursday...
BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer – an international payment option for small- to medium-sized businesses (SMBs) — along with upgrades to BILL’s instant payment and...
September 20, 2024
With remittances, when in doubt, check it out. But don’t head straight to the regulators. That seems to be the message conveyed by the Consumer Financial Protection Bureau (CFPB), which on Friday (Sept. 20) issued a proposed rule with what it termed “a narrow amendment to disclosure requirements for certain international money transfers, or remittances.” […]
October 09, 2023
When it comes to cross-border payments, patience is a virtue — but fees are a reality. That’s because moving money between nations has long been plagued by inefficiencies, high costs...
October 06, 2023
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time...
September 01, 2023
The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get immediate access to their funds....
October 29, 2024
The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its Project Mandala, a collaboration with four central banks. “Mandala is pioneering the compliance-by-design approach to improve cross-border payments without compromising privacy or the integrity of […]
October 18, 2024
Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150 million-plus account holders — many of whom live in remote parts of Indonesia, a nation of 17,000 islands...
October 04, 2024
Visa and CARD91 have partnered to enable regulated entities to issue Forex Cards on the Visa network. This collaboration brings together Visa’s digital payments network and CARD91’s issuance platform-as-a-service solutions to...
September 25, 2024
BILL has introduced new payment offerings for small businesses and accountants. The new capabilities, announced by the financial platform Wednesday (Sept. 25), include Local Transfer – an international payment option...
