UK businesses voice concerns over barriers to international commerce
by Ben Poole
Bottomline research finds international payments predicted to decrease further.
International Payments
Background
Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make…
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Goldman Sachs and Visa target global treasury modernisation
by Ben Poole
Their strategic partnership aims to transform treasury operations for Goldman’s clients with Visa B2B Connect and Visa Direct.
ICICI Bank taps SWIFT for instant cross-border inward remittances
by Ben Poole
Beneficiaries in India get instant credit of cross-border payments of up to ₹2 lakh.
Two live transactions boost Marco Polo’s digital trade finance network
by Ben Poole
Commerzbank successfully executed the transactions to secure payments for commercial transactions based on blockchain technology.
HSBC multi-currency wallet aims to simplify international payments
by Ben Poole
The bank says its new solution lets businesses "pay like a local" in foreign currencies.
On the fifth day of Christmas my guru sent me advice on how to:
by Jack Large
Optimise AND integrate your payments and collections
The role of banks in the future of European payments
by Ben Poole
A white paper from EBA and McKinsey has examined the challenges to banks’ traditional role at the centre of the payments ecosystem.
Mastercard advances multi-rail strategy to modernise business payments
by Ben Poole
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
SWIFT pilots service for low value cross-border payments
by Ben Poole
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.
Transaction banking: “What an advantage starting from scratch is”
by Jack Large
Goldman Sachs progress report shows the advantage of having no legacy infrastructure holding them back
Surviving ISO 20022 migration – a report and a product
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Deutsche Bank’s report shows what happening and Message Checker could help you survive and prosper?
SWIFT announces a strategy for instant, frictionless payments and securities processing
by Ben Poole
It aims to enable seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
BNY Mellon on the case
by Ben Poole
The bank now offers SWIFT's gpi Case Resolution service for payment investigations.
Ripple enters the ISO 20022 fray
by Ben Poole
It joins the ISO 20022 Standards Body less that two months after SWIFT pushed back adoption of the standard for cross-border payments.
Ethical Payments Foundation targets silo thinking
by Jack Large
EPF aims to join up the silos of disconnected expertise for emerging countries
Industry roundup: 1 May 2020
by Ben Poole
News in brief featuring Deutsche Bank, BNP Paribas, Ripple, SIA, and many more.
Industry roundup: 27 April 2020
by Ben Poole
News in brief from Deutsche Bank, AvidXchange, Western Union and SurePayd.
Industry roundup: 23 April 2020
by Ben Poole
News in brief including CLS, PayFit, SAP, and more.
Singapore and Australia agree to enhance financial services data connectivity
by Ben Poole
The two countries have signed a suite of MoUs designed to help both capitalise on the digital economy.
BlueSnap upgrades marketplace payment solution
by Ben Poole
The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
RMB cracks top 5 currency ranking for global payments volume
by Ben Poole
SWIFT's latest RMB Tracker statistics show the continued global growth of the Chinese currency.
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
by Jack Large
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
i2c enables Airwallex B2B payments card
by Ben Poole
The i2c platform uses AI to optimise cross-border, multi-currency payments.
SWIFT ISO 20022 adoption for cross-border payments pushed back
by Ben Poole
The original lead migration deadline of November 2021 has been delayed until the end of 2022.