Flywire Corp., a specialist in payments for higher education, has partnered with Blackbaud Inc., a provider of fundraising, education, and social impact apps, to enable digital tuition payments in the United States for international students. The deal covers more than 1,000 K-12 private and independent schools served by Blackbaud and …
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Thunes And Nium Extend Swift Capability to Enable Cross Border Real-Time Payments
Real-time payments network Thunes Ltd. announced early Monday its connection to Swift, the Brussels-based international financial-messaging network, will enable financial institutions to support the sending and receiving of money to and from more than 3 million mobile wallets globally. Using Thunes’s Direct Global Network, which covers 130 countries and 80 …
Read More »Modern Treasury’s Cross Border Payments Plan And Other Digital Transactions News briefs from 3/3/23
Payments-technology provider Modern Treasury and Silicon Valley Bank launched what they call a global payment solution to let clients of the two companies send cross-border payments at lower than prevailing costs and using local automated clearing house networks. SpecTrust Inc., whose Trust Cloud offers fraud protection for online transactions, said it has …
Read More »Western Union And 7-Eleven Team Up To Enable Cross Border Remittances in Mexico
Western Union Co. expanded its cross-border remittance capabilities Wednesday with the announcement it is partnering with 7-Eleven Mexico to enable money transfers from 1,800 7-Eleven locations in Mexico. The agreement will enable Mexican citizens to send money to more than 200 countries and territories in which Western Union operates, in …
Read More »Real-Time Cross Border Payment Test Nears; FTX’s Crypto Debit Card; Plus Weekly Recap
Global Digital Cross Border Transactions Are Exploding, a Researcher Reports
With digital domestic money transfers expected to exceed 300 billion transactions globally in 2026, up from a projected 207 billion transactions in 2022, a nearly 50% increase, new players are expected to push the envelope by introducing alternative forms of digital cross-border transfers, such as cryptocurrency and central digital bank …
Read More »LianLian Global Launches Cross Border Wallet to Iron Out Wrinkles for Small Online Sellers
E-commerce growth exploded during the pandemic, but international sales can be a challenge for small online sellers that confront challenges like currency conversions or sometimes burdensome fees. Early Monday, the cross-border payments firm LianLian Global announced its Cross Border Wallet, aimed at unraveling these challenges particularly for e-commerce merchants selling …
Read More »Mastercard And Previse Team Up to Enable Same-Day Cross Border Payments
The movement to speed up cross-border payments received another boost Monday as Mastercard Inc. announced the integration of Mastercard Cross-Border Services, the card network’s global push payments platform, with Previse Ltd.’s InstantPay platform. The cross-border payments integration, which leverages machine learning, will enable companies to identify invoices likely to be …
Read More »ThetaRay Introduces an Anti-Money Laundering Tool for Cross Border Payments
With criminals continually devising ways to defeat rules-based applications used for detecting illicit cross-border payments, ThetaRay Ltd., an Israel-based cybersecurity and data-analytics firm, on Monday introduced SONAR, a software-as-a-service-based machine-learning application that detects known and unknown risks associated with cross-border payments. Using machine-learning algorithms, SONAR identifies normal characteristics within specific …
Read More »Phishing Sets Record As Fraudsters Link Hands Across Borders
The volume of unique phishing attacks hit an all-time high in January, while fraudsters broadened their reach to spoof Web sites they hadn't targeted before, such as social-networking and gambling sites, according to a group that tracks phishing fraud. The number of unique phishing e-mails hit 29,930, up 26% over …
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