4 factors key to the success of instant payments
by Kylene Casanova
A white paper by EBA Clearing discusses why these four factors – including wide usability and reach – are important for the success of the EU's forthcoming instant payments scheme
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…
Read moreRefining text of PSD2: EBA unhappy with Commission amendments
by Kylene Casanova
The European Banking Authority (EBA) yesterday made further announcements on progress towards the final rules under the revised Payments Services Directive (PSD2)
Fintechs compete to receive €200k SWIFT GPI funding
by Kylene Casanova
SWIFT is offering fintech companies up to €200,000 to develop cross-border payments services based on its SWIFT GPI platform
European solutions improve as competition in immediate/high value payments grows?
by Kylene Casanova
Icon and ACI offer new solutions for banks, and EBA Clearing plans to revisit high value EURO1 offering
Payment system revolution continues with free cross-border payments + plain normal
by Kylene Casanova
Circle offer free payments, integrated transactions are the new business, Amazon disrupting again, how to use business cards in your payment mix
SWIFT to launch European instant payments message service by November 2018
by Kylene Casanova
As part of its global instant payments strategy, SWIFT has announced that it will launch an instant payments messaging service for Europe, to be available by November 2018
Can APIs deliver the corporate treasurers’ dream?
by Kylene Casanova
Release of the Pelican’s own ‘plug-and-play’ Open Banking API solution raises the pressure for APIs to produce and integrate everything
SWIFT GPI is going to change the cross-border payment market - really??
by Kylene Casanova
Service comes to cross-border payments as banks catch up with global courier’s level of service, but who is responsible for delivering the full cross-border payment solution?
Wrong payments data could stunt your business’s growth
by Kylene Casanova
Your company's future growth depends to a large extent on how efficiently payments are processed – yet one in five companies have more than 10% of payments rejected due to incomplete data
Cash management improvement opportunities world-wide with new payment services
by Kylene Casanova
Same day ACH debits, PSD2, Alipay, mobile payments slow growth, MasterCard B2B payments hub for SMEs, insights into B2B payments, EMV chip card penetration/region
New UK clearing bank for banks: Clear Bank® with single API to all clearings
by Kylene Casanova
A brand new clearing bank with no consumer customers that will break the big four monopoly and open up whole clearing in UK starts in 3Q 2017
INTL FCStone Ltd’s Global Payments Division joins the SWIFT Global Payments Innovation Initiative
by Kylene Casanova
Non-bank participation in SWIFT GPI expands potential for real revolution in cross-border payments and improvement in prospects for correspondent banking
SWIFT expand GPI initiative with Fintechs = full integration with corporate users
by Kylene Casanova
Ebury joins SWIFT gpi to provide corporations with improved cross-border payments globally
International importance of RMB: decline continues
by Kylene Casanova
Number of customer initiated and institutional RMB payments is now behind CHF plus there was a big decline in value of RMB trade
SWIFT’s tracker tool to improve payment status visibility for corporates
by Kylene Casanova
As part of its global payments initiative (GPI), SWIFT has launched a cross-border payments tracker that enables international payments to be traced in real-time
‘Borderless accounts’ from TransferWise covers multiple currencies and payments
by Kylene Casanova
15 currencies can be stored in one account and payments made from GBP, EUR and USD accounts
Nasdaq and Citi announce pioneering blockchain and global banking integration
by Kylene Casanova
Enables Nasdaq Private Market division to streamline payment transactions between multiple parties
Massive potential for Cryptotechnologies in international payments revealed
by Kylene Casanova
EBA Working Group on Cryptotechnology in International Payments shows how to unlock through use of new technolgies across the whole value chain
Blockchain is about to take off but there are hurdles ahead
by Kylene Casanova
We must resolve issues of security, privacy, law and computer processing capabilities before we see the first wider uses of blockchain in the financial industry
EBA moves step closer to transparent payment account fees
by Kylene Casanova
The European Banking Authority (EBA) has published a draft document to help consumers in the EU to compare payment account fees
Citi India launch new digital cross-border payment solution with no physical docs
by Kylene Casanova
Removes need for multiple underlying physical documents as paperless trade comes to India
SwapsTech ZillPAY™ : Mother of All Payments™ for global domination….?
by Kylene Casanova
New fintech technologies enable SwapsTech to show how to replace bank accounts and use other technologies to dramatically improve payment systems
Payment systems: What’s happened? What’s driving change? What do you want/need?
by Kylene Casanova
Two key questions are: is WHO is the payment from and WHAT for?
Blockchain can work for cross-border payments: new few hours US-China solution
by Kylene Casanova
US blockchain company Wyre are in the process of acquiring Chinese payments platform Remitsy to provide US-China business payments service in which payments take a few hours rather than days