international payments

Swift and Wise to Expand Cross-Border Payment Options Globally

September 19, 20236 min

Collaboration will help financial institutions provide a greater range of choice to their customers for cross-border payments Payments initiated by banks via Swift will be able to complete on Wise quickly and easily through Wise Platform’s new Correspondent Services offering Swift and Wise have announced an innovative collaboration to increase cross-border payment options for financial institutions and their customers, enabling payments sent securely via Swift to complete seamlessly over Wise with end-to-end transparency. Financial institutions...

by BusinessWire

Payments

Swift’s Cross-border Payments Processing Speed surpasses G20 Target

August 22, 20236 min

89% of cross-border payments are processed over Swift within an hour, placing its transaction speed ahead of the G20’s end-to-end target of 75% by 2027

by PRNewswire

Crypto Currencies

PayPal launched U.S. Dollar Stablecoin

August 8, 20237 min

PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars Fully-backed, regulated stablecoins have the potential to transform payments in web3 and digitally native environments. To address that emerging potential, PayPal announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S....

by BusinessWire

Payments

JAGGAER enhanced JAGGAER Pay Open Connect

July 24, 20234 min

JAGGAER, the global leader in Autonomous Commerce, announces new enhancements to its integrated payments solution. JAGGAER Pay Open Connect enables end-to-end global accounts payable (AP) automation, providing users with the ability to onboard suppliers, process invoices, and originate all their global payments in a single, seamlessly integrated solution. “Automated payments are one of the cornerstones of JAGGAER’s Autonomous Commerce strategy,” said Dawn Andre, JAGGAER’s Chief Product Officer. “There is no one-size-fits-all solution to meet 100%...

by BusinessWire

Payments

ACI Worldwide adds Swift Go to its cross-border payments offering

May 22, 20233 min

ACI enables financial institutions to utilize Swift Go via the ACI Enterprise Payments Platform

by BusinessWire

Payments

FV Bank Launches Cross-Border FX Payments Service

January 23, 20234 min

New offering provides fast, secure, competitive international FX payment options for global businesses