Money Transfer
Swift Launches Instant 24/7 Cross Border Payments in Europe
Cross-border payments destined for Europe can now reach beneficiaries in seconds through seamless connection to instant domestic payment systems, with full transparency and end-to-end tracking powered by Swift. The European Payment Council’s One-Leg-Out Instant Credit Transfer scheme, which went live
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Banking in 2024: Global Challenges, Europe’s Focus, and Innovation Path
As the Roman poet Ovid once said, ‘A horse never runs as fast as when it has other horses to catch and surpass.’ This metaphor aptly captures the essence of today’s banking sector, where understanding market demands and competitor strategies
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Instant Payments Availability: European Parliament Reach Agreement
The Council and the European Parliament have reached a political agreement on the instant payments proposal, which will improve the availability of instant payment options in euro to consumers and businesses in the EU and in EEA countries. The new
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Bottomline Opens B2B Payment Network
Bottomline makes its B2B payment network available to approved financial institutions, fintechs and others looking to increase payment acceptance. This is the first time Bottomline’s business payment network has opened access to its proprietary Premium ACH supplier network. Partners can
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Thought Machine Partners With Form3 to Bring Real-Time Payment Technology to Europe
Thought Machine, the cloud-native banking technology company, announced it has partnered with Form3, a cloud-native account-to-account platform, to add FedNow, TCH RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s payment platform, Vault Payments. This partnership brings together two
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Instant Payments Is Booming: McKinsey Global Payment Report 2023
Usage of cash globally is decreasing at a consistent pace as electronic transactions, including those involving instant payments and digital wallets, are taking off, a new report by McKinsey shows. The 2023 Global Payments Report, released on September 18, shares
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Payment Incumbents Ramp up B2B Payment Innovation Efforts
Innovation in consumer payments has progressed tremendously over the past years, pushed by demand for more efficient and secure methods of paying for goods and services both online and cashlessly. But while digitalization has flourished in the consumer payment area,
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Klarpay Appoints New Deputy CEO
Klarpay announced the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus brings a wealth of experience and expertise to Klarpay. Markus
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Klarpay’s CEO Emphasizes On Developing a Digital-First Approach to Banking
We sat down with Martynas Bieliauskas, CEO of Swiss-licensed fintech Klarpay AG, to discuss the company’s approach to servicing global digital businesses with scalable cross-border payment solutions. A digital-first approach is of utmost importance in today’s banking landscape. With the
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SumUp Selects Form3 for UK Payments to Boost Growth
SumUp, the financial partner for over 4 million businesses worldwide, has selected Form3, the cloud-native account-to-account payments platform, to provide direct access into the UK Faster Payments Scheme (FPS) and Bacs Scheme to further enhance its business account offering for
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