PYMNTS

JULY 10, 2019

Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform. Custom remittance information can be sent directly back to the foreign vendor, while the service also supports custom reporting for a buyer’s own back-office processes.

Foreign Exchange 64

Foreign Exchange Accounts Payable Invoicing Reconciliations 64

PYMNTS

JANUARY 9, 2020

Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was hit by a ransomware gang, according to reports on Thursday (Jan. Travelex’s network of branches continue to provide foreign exchange services manually.”.

Currencies 52

Currencies Foreign Exchange Banking Securities 52

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

PYMNTS

JULY 9, 2019

The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity. That approval enables Neo to create a payment institution to store, receive and send payments and invoices in multiple currencies for corporate users while operating its own core banking system.

Foreign Exchange 60

Foreign Exchange Banking Currencies Accounting 60

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. The transaction netted JPMorgan approximately $173 billion in loans, $92 billion in deposits, and $30 billion in securities. Throughout 2023, JPMorgan Chase raised $2.3

Banking 105

Banking Foreign Exchange Profit and Loss Finance 105

PYMNTS

DECEMBER 4, 2020

That’s why we introduced a new, secure way to accept payments through websites, and we have enabled customers without an online presence to get paid fast through secure payment links,” said Revolut CEO and Founder Nik Storonsky. “Companies across Europe know that it’s now essential to their success to be able to do business online.

Foreign Exchange 73

Foreign Exchange Currencies Banking Securities 73

PYMNTS

OCTOBER 16, 2020

Moving money from one currency to another sounds like it should be pretty straightforward, especially in an era where moving money is basically moving bits of information across the internet,” Lembo said in a recent interview with PYMNTS. “It Staying Secure. Kicking Free Of Correspondent Banking.

Foreign Exchange 85

Foreign Exchange Compliance Currencies Banking 85

PYMNTS

MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

Foreign Exchange 59

Foreign Exchange Currencies Securities Numbers 59

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. Starting now, Australian Airwallex users can distribute virtual payment cards in multiple currencies to pay suppliers instantly. .

B2B 71

B2B Foreign Exchange Currencies Valuation 71

CFO News Room

FEBRUARY 2, 2022

The securities/ financial instruments discussed in this material may not be appropriate for all investors. This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of any offer to buy or sell any security/financial instrument, or to participate in any trading strategy.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

NOVEMBER 13, 2020

The company secured the funding from an unnamed angel investor, reports said. Statrys offers banking and foreign exchange payments solutions for SMBs and startups that operate across borders, connecting them with solutions like payment cards and cross-border payment capabilities.

B2B 91

B2B Banking Foreign Exchange Startups 91

PYMNTS

JULY 17, 2018

So-called stable coins, which are pegged to an asset, be it gold or currency, have been growing in popularity as companies try to expand the uses for cryptocurrencies. Buyers of the digital token deposit U.S. dollars with Prime Trust, Stronghold’s partner, and are issued the tokens on a 1-to-1 ratio. ”

Foreign Exchange 73

Foreign Exchange Currencies Securities Retail 73

PYMNTS

MARCH 23, 2020

Many freelancers still receive their payments via traditional wire transfers — despite the fact that they can receive payments from friends in an instant — and a large number of firms do not accept or send payments in alternative currencies. dollar or the British pound.

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

MARCH 19, 2019

InstaReM isn’t the only payment company that is using xRapid to send payments around the world quickly and securely. In August Ripple announced it had brought on Bitrex to act as the preferred digital asset exchange for its transactions that move through U.S.

Foreign Exchange 64

Foreign Exchange Startups Currencies Banking 64

PYMNTS

JANUARY 28, 2021

“As you progress, and digital assets start to integrate into finance, then you start to see companies looking to hedge [foreign exchange (FX)] exposure, or looking to reduce an emerging market currency volatility, by holding digital assets.”. Embracing A New Paradigm.

Treasury 84

Treasury Foreign Exchange Accounts Payable Currencies 84

PYMNTS

OCTOBER 22, 2020

A key part of this effort is cross-border payments, which are vital to keeping supply chains running smoothly and securely in the more than 100 countries in which GE operates. The average global company works with at least six banks and 40 percent of them make payments in at least six currencies. We've suffered losses with the company.

Healthcare 98

Healthcare Foreign Exchange Treasury Economics 98

PYMNTS

JUNE 4, 2019

In a press release, the two companies said the agreement meshes with Visa’s stated goal to make secure digital payments possible at home and when people are traveling. The two said they will focus on providing solutions that remove barriers to how, where and when consumers can pay internationally.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Annual overseas transfers of more than $50,000 must also be reported.

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

PYMNTS

OCTOBER 23, 2019

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company focuses on global currency trading solutions and financial services in both the B2B and B2C frontier.

Restructuring 40

Restructuring Foreign Exchange Securities B2C 40

Global Finance

JANUARY 9, 2025

Key features include secure global remittance networks, same-day express transfers to BEA Hong Kong accounts, foreign currency time deposits, and real-time foreign exchange services in 11 currencies.

Foreign Exchange 52

Foreign Exchange Currencies Banking Investments 52

PYMNTS

NOVEMBER 22, 2016

Blockchain is the technology behind bitcoin, the popular alternative digital currency. Banks are eyeing blockchain technology to make transactions faster, lower the cost of operators and secure its infrastructure. An R3 spokesman told WSJ that turnover in the group is to be expected.

Foreign Exchange 59

Foreign Exchange Currencies Startups Technology 59

Global Finance

JUNE 4, 2024

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. Security risk: Risk of terrorist attacks, intercommunal and religious tensions, violent crime, petty crime and credit card fraud. Each time, it has bounced back.

Economics 91

Economics Currencies Restructuring Foreign Exchange 91

PYMNTS

AUGUST 16, 2018

In a press release , Ripple said that for xRapid to be successful, there needs to be a healthy ecosystem of digital asset exchange partners around the world that allow payments to move from one currency into XRP, then back into another currency quickly and efficiently. will be preferred for Mexican pesos and Philippine pesos.

Securities 40

Securities Foreign Exchange Currencies Accounting 40

PYMNTS

MARCH 19, 2020

FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange. In that initiative, i2c processes multi-currency payments on the FinTech’s new B2B Airwallex Borderless Card, which uses the Visa rails to bring the solution to scale.

B2B 95

B2B Foreign Exchange Accounts Payable Currencies 95

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. A 29% decline in foreign currency purchase value by U.K. Larger corporates landed increases in both the number of foreign currency purchases made in July, as well as an increase in the value of those purchases, suggesting larger U.K.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

OCTOBER 28, 2019

API integration offers a way to streamline payments processing while providing access to transparent foreign exchange rates and associated fees. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

Foreign Exchange 51

Foreign Exchange B2C Currencies B2B 51

Global Finance

DECEMBER 6, 2024

Offshore investments become a hedge against currency volatility. High inflation, currency volatility, and foreign exchange scarcity have eroded wealth and significantly contributed to a decline in net worth for many people. Wealth preservation and growth in Africa are highly challenging.

Banking 52

Banking Foreign Exchange Currencies Investments 52

PYMNTS

JANUARY 13, 2020

Foreign exchange company Travelex is back online with some of its electronic services after its system was brought down by hackers nearly two weeks ago, Reuters reported on Monday (Jan. Travelex’s network of branches continues to provide foreign exchange services manually.”.

Foreign Exchange 52

Foreign Exchange Currencies Communication Securities 52

Global Finance

OCTOBER 10, 2024

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. Mansur to be central bank governor.

Benchmarking 90

Benchmarking Foreign Exchange Forecasting Economics 90

PYMNTS

AUGUST 3, 2016

Currency transfer and finding ways for consumers to avoid the inevitable fees is a hot spot for FinTech startups. With Revolut, the money can be spent in over 90 currencies around the world at the cheapest exchange rate available, the interbank rate, with no fees, at least for now. Revolut, a U.K.-based

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

JANUARY 20, 2021

“Thanks to this agreement we can now offer JAGGAER customers and their suppliers improved tracking, reconciliation and speed of processing or receiving cross-border transactions in 134 currencies,” JAGGAER CEO Jim Bureau said in the announcement.

Foreign Exchange 57

Foreign Exchange Reconciliations Strategic Planning Currencies 57

PYMNTS

NOVEMBER 9, 2017

What can foreign exchange service providers learn from the Uber model? 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. That’s where foreign exchange (FX) payment providers step in to help.

Foreign Exchange 43

Foreign Exchange Currencies B2B Leverage 43

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

SEPTEMBER 14, 2018

FinTechs are gaining traction in cross-border payments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments. 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

OCTOBER 22, 2020

This could lead to more buyers to start using B2B eCommerce sites to secure items, and these marketplaces are expected to facilitate $3.6 trillion worth of sales by 2024. Find more about these and all the rest of the latest headlines in the Playbook.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

PYMNTS

JANUARY 10, 2020

News came this week that several banks based in the United Kingdom – including HSBC, Lloyds and Barclays – were essentially hobbled in their foreign exchange operations , rendered unable to take orders from end users (such as travelers) for foreign currencies. Ransomware , to be exact.

Foreign Exchange 52

Foreign Exchange Currencies Banking Sales 52