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Cross-Border Options Are Among Factors Driving Real-Time Payments Growth, a Study Finds
A growing volume of cross-border transactions is fueling the development of real-time payment services, according to a new report from Bank of New York Mellon Corp. and research firm Datos Insights. The report also says businesses stand to lose if they’re slow to invest in real-time payments. Some 80% of …
Read More »FreedomPay’s Cross-Border Platform And Other Digital Transactions News briefs from 9/14/23
Commerce platform FreedomPay said it will begin offering point-of-sale devices from Pax Technology Inc. in the second quarter next year. Visa Inc. announced it will deploy its real-time payments network, Visa Direct, to allow users of United Kingdom-based money-transmission platform Paysend to route payments to eligible Visa cards in 170 countries and territories. …
Read More »Digital Dollar Project Completes Cross-Border Test And Other Digital Transactions News briefs from 8/4/23
The Digital Dollar Project announced benefits such as reduced cost and risk from a recent pilot of a retail central bank digital currency for cross-border transactions. The DDP ran the project in the Philippines in partnership with The Western Union Co., supported by the consulting firm Accenture. Digital-currency platform Circle Internet Financial Inc. launched the …
Read More »CBDCs’ Future Lies in Cross-Border Payments
A recent pilot demonstrated a number of benefits stemming from the conversion of real-world assets into their digital equivalents. Lost in the coverage of the crypto meltdown last year were some important announcements by major bank associations, such as SWIFT and the Bank for International Settlements, about the use of …
Read More »TCH, SWIFT, And EBA Clearing Close in on a Pilot for Real-Time Cross-Border Payments
The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have taken the next step in making their planned real-time cross-border payments pilot a reality. The three companies announced late Thursday that the technology piece of the puzzle is ready. This includes technical messaging between …
Read More »Payveris Adds Bill Pay Options; PingPong’s Cross-Border Payment Moves; Linxens in Biometric Card Deal
PingPong Strengthens Its Cross-Border Payments Business With a JCB Deal
Cross-border payments specialist PingPong Payments has partnered with the card network JCB International to enable JCB merchants in Hong Kong to receive online payments from JCB cardholders worldwide. The deal, which means PingPong now has direct relationships with all six major international credit card networks, strengthens the company’s position in …
Read More »Circle Makes Stablecoin Move; Fleetcor To Expand Cross-Border Payments; Plus Weekly Recap
Fleetcor Will Expand Cross-Border Payments With Pending U.K. Acquisition
In a diversification move, business-to-business payments provider Fleetcor Technologies Inc. reported Thursday it had signed a definitive agreement to acquire Global Reach Group, a London-based cross-border payments provider. Terms of the deal were not announced, and a Fleetcor spokesperson could not be reached for comment Friday. Atlanta-based Fleetcor expects the …
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