As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. A virtual IBAN is a reference...
The Bank of England seems to be eyeing an embrace of digital, decentralized initiatives, with room for FinTech firms and blockchain. In a series of cross-border payment announcements, the travel industry gets an “instant” boost, while Ripple gains a bit of currency in the Middle East.
November 06, 2020
As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. A virtual IBAN is a reference number issued by a bank that allows payments to be […]
September 27, 2022
Social investment platform eToro has partnered with OpenPayd, a banking-as-a-service (BaaS) infrastructure provider, to help power eToro Money accounts across Europe, offering an almost-instant payments experience, a press release said Monday (Sept. 26). eToro Money connects with an existing eToro account, letting users manage funds in one place for a simpler payment experience. It will […]
