PYMNTS

MARCH 16, 2020

Western Union is partnering with Integral for a new risk management mechanism called Integral BankFX, according to a press release. The BankFX program will let Western Union exercise more control and automation over its programs, including a wide jurisdiction over the 10,000 currency pairs available through the system.

Foreign Exchange 63

Foreign Exchange Risk Management Currencies B2B 63

PYMNTS

MARCH 5, 2019

WorldFirst is looking to expand its B2B payments position through an acquisition of CurrencyVue, the company said on Monday (March 4). CurrencyVue offers a foreign exchange risk management platform that integrates with companies’ existing ERP and accounting systems. and the U.K.

B2B 43

B2B Foreign Exchange Invoicing Risk Management 43

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability?

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

SEPTEMBER 14, 2018

Deutsche Bank’s Global Transaction Banking Unit released a report that shows that faster payments are spurring corporate treasurers to get a bit faster, too, as they manage risk. Along with real-time conversions comes the need for real-time FX volatility management.

Foreign Exchange 49

Foreign Exchange Risk Management Currencies B2B 49

PYMNTS

MAY 7, 2020

In times of volatility, corporates and their business partners must collaborate to find common ground and ensure that cash continues to flow favorably for both sides of a B2B transaction. Argos Risk, Gatekeeper Enable Third-Party Management. Fintainium, CIT Team For SMB Cash Flow. Companies need to offer their clients choice.”.

Accounts Payable 60

Accounts Payable SAP B2B Currencies 60

PYMNTS

APRIL 26, 2017

In our CAB meetings, we focus on innovating solutions that can help eliminate regulatory and market challenges and plan for surprises, such as the financial crisis of 2008 or the recent political and currency volatility that we’re experiencing around the world today.

Risk Management 40

Risk Management Treasury Auditing Securities 40

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. He stated, too, that currency risk management is often not a priority for many SMBs on a day-to-day basis. and GBP/EUR could rise [toward] €1.15 [$1.30

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

Risk Management 54

Risk Management Leadership Prioritization Economics 54

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

SEPTEMBER 13, 2018

Adopting real-time business processes has led them to embrace real-time FX management. The Deutsche report cites data from Euromoney, which shows that as many as two thirds of executives have interest in adopting automated, round-the-clock currency conversion activities.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

PYMNTS

MAY 15, 2019

As he told Webster, “when you combine Earthport and Visa, we now stand in front of virtually 100 percent of the globe in terms of a reach equation,” with what he termed “bank-grade-type compliance and risk management in the operating structure provided by Visa’s network.”. That’s B2B Connect,” he said.

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

MARCH 16, 2018

But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. TMS providers have great platforms, and we have a great position in risk management as it relates to FX.”. In the U.K.,

Treasury 53

Treasury Foreign Exchange Risk Management B2B 53

PYMNTS

AUGUST 13, 2019

importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. Last month, reports in the Financial Times made clear that businesses will increasingly be faced with decisions they must make about how to manage foreign exchange volatility. “We importer said.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

APRIL 6, 2016

When B2B payments firm Saxo Payments released a new whitepaper outlining the troubles of cross-border payments for corporates, the company was gearing up for its latest release: a real-time foreign exchange trading platform, integrated into its Banking Circle portal. Saxo did not specify what its transaction fees will be, however.

Foreign Exchange 40

Foreign Exchange Profit and Loss Currencies Treasury 40

PYMNTS

AUGUST 17, 2018

Markets and currencies can fluctuate in seemingly strange ways, sucking profit from the season’s labor. But as Jeff Matheson, senior vice president at Cambridge Global Payments , discussed in a recent PYMNTS interview, the seafood industry still has a few things to learn about managing risk and hedging bets. Still Some Paper.

Risk Management 40

Risk Management Foreign Exchange Manufacturing Currencies 40

PYMNTS

JULY 10, 2019

The invoice processing solution augments Cambridge Global Payments’ existing offering of global payments and foreign exchange management solutions. Last year, Frey spoke with PYMNTS’ Karen Webster about some of the biggest challenges of FX management.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

NOVEMBER 9, 2017

Increasingly, firms selling abroad are embracing the belief that there is a business advantage to making products available for purchase in foreign customers’ home currencies. Taking the exchange risk and conversion off customers can make it an easier decision to hit the buy button, netting extra sales volume for merchants in the process.

Foreign Exchange 43

Foreign Exchange Currencies B2B Leverage 43

PYMNTS

MAY 19, 2016

The procurement of raw materials can expose an organization to some serious market volatility, the risk management software firm said, and much of the solutions these firms are using to mitigate risk, like ERP solutions, don’t quite make the grade when covering a business’ exposure to commodity trade risk.

Treasury 40

Treasury Risk Management Currencies Foreign Exchange 40

PYMNTS

DECEMBER 13, 2018

In a recent interview with PYMNTS, Western Union Senior Currency Strategist Nawaz Ali spoke about the tension of currency hedging that companies endure today, with many firms taking a “one-off” approach to hedging. trade war with China, for example.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

JUNE 10, 2020

In separate news, Western Union teamed with Integral for Integral BankFX, a new risk management solution. Western Union was to harness Integral’s system for risk management throughout its Western Union Business Solutions initiative. BankFX will be linked to the cloud.

Foreign Exchange 52

Foreign Exchange Risk Management Currencies Technology 52

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.

B2B 42

B2B Cash Management Treasury Invoicing 42

PYMNTS

MAY 15, 2019

Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Joseph Otting told the governing body that he would use legal powers usually reserved for the oversight of financially troubled lenders.

Risk Management 48

Risk Management Leadership Currencies Banking 48

PYMNTS

MARCH 3, 2017

Citi released a new report this week warning corporate treasurers to improve their FX risk mitigation efforts. The biggest question is, will more multinationals adapt their legacy FX risk management processes and practices to navigate the changing market environment?”. The bank said Thursday (Mar. Yet, status quo prevails.

Treasury 40

Treasury Risk Management Benchmarking Currencies 40

PYMNTS

JANUARY 10, 2020

David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo. Are Virtual Cards The Future Of B2B Travel Payments? No one knows just what Brexit will mean for commerce, for international trade, for currencies across the continent.

Healthcare 52

Healthcare B2B Startups Risk Management 52

PYMNTS

JANUARY 15, 2019

As has been reported, the regulators include the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., Yet now, said Reuters, the Fed has said there is not enough risk management in place to allow FinTechs full-fledged access to the payment system. Reuters reported early Monday (Jan.

Risk Management 59

Risk Management Banking Currencies Financial Systems 59

PYMNTS

SEPTEMBER 25, 2018

. “It’s hard to escape from the hype surrounding all the possibilities available to finance leaders to help manage their organizational risk,” wrote D&B Global Head of the Trade Credit Business Eric Dowdell in the “ The Future of Risk Management ” report.

Prioritization 67

Prioritization Corporate Finance Education Finance 67

PYMNTS

SEPTEMBER 6, 2017

In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidity risk management is important.

Treasury 43

Treasury Risk Management Cash Management Currencies 43

PYMNTS

SEPTEMBER 11, 2018

Unfortunately, while small business owners are increasingly aware of the importance of currency management, Wissema told PYMNTS that they largely remain unaware of the tools available to do so. “I I would say many businesses do not fully understand, or have awareness of, the different risk management tools,” he stated.

Foreign Exchange 40

Foreign Exchange Currencies Risk Management Marketing 40

PYMNTS

MARCH 3, 2017

She gave the example of cross-border payments, where companies are offering new services to ease pain points tied to international activity, via ACH and other conduits, with the impact of streamlining B2B and other transactions. . Time exists as a form of currency, the duo agreed. You have both evolution and dramatic changes [here].”

Healthcare 50

Healthcare Risk Management B2B Currencies 50

PYMNTS

APRIL 27, 2016

“Sources of hidden FX exposures range from internal functions, such as treasury, trading and technology, to external forces, such as currency volatility or government-imposed cash restrictions,” Deloitte stated. Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging.

Treasury 40

Treasury Currencies Risk Analysis Risk Management 40

PYMNTS

JANUARY 25, 2018

According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreign exchange (FX) and risk management solutions. Together, the firms will target middle-market businesses looking to grow internationally.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

MARCH 2, 2016

“If you can’t see it, you can’t manage it,” said Deloitte U.K. Without accurate measurement, value erosion from negative currency rate movements can’t be anticipated or prevented.”. Global Treasury Advisory Services Practice Partner Karlien Porre in a statement.

Foreign Exchange 40

Foreign Exchange Treasury Forecasting Risk Management 40

PYMNTS

SEPTEMBER 11, 2018

. “There have been recent events that have escalated the importance of FX volatility and managing it, whether it’s trade disputes happening internationally at the moment, or Brexit,” Wissema told PYMNTS. ” SMBs particularly appear challenged by FX risk mitigation, he noted. Enter: the prepaid card.

Foreign Exchange 40

Foreign Exchange Currencies Risk Management Education 40

PYMNTS

MAY 24, 2018

The firms said that risk management and transparency will be part of the network, with an eye on digitizing business processes. Separately, The Manila Times reports that UnionBank, which hails from the Philippines, has taken a “significant jump toward the future” and unveiled a fully digital branch, its first.

Banking 40

Banking Risk Management eCommerce Currencies 40

PYMNTS

APRIL 12, 2017

As of Q3 2016, less than a third of B2C SMBs and a mere 10 percent of B2B SMBs had the capability to accept payments online, according to the PYMNTS SMB Technology Index. So we’re combining the SMB-focused feature set of Ecwid with the core competency of WePay in payments and risk management,” Nagarajan said.

B2C 40

B2C Investments eCommerce Startups 40

PYMNTS

JULY 29, 2019

The firm’s latest Kyriba Currency Impact Report, which analyzed FX exposures among 1,200 organizations, concluded that negative FX impacts are on the rise for businesses — and called upon chief financial officers to act. Given today’s market conditions, currency volatility will only continue.

Foreign Exchange 40

Foreign Exchange Currencies Treasury Technology 40

PYMNTS

JULY 3, 2017

Complex Cross-Border B2B Payments. It’s impossible to do the work of a travel agent without the ability to exchange money, what with global suppliers dispersed across various countries and currencies. The experts can provide everything an agent needs to accept and process payments globally, and in a secure and compliant environment.

Advertising 44

Advertising Risk Management B2B Currencies 44