Articles with tag: settlement

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Japanese banks plan new settlement system for small payments

10 Aug 2020 | Payments General

A group of Japanese banks are set to initiate talks to develop a new settlement system to enable small payments, says Verdict.

Japan, settlement, small payments, digital payments, banks

Bolero joins Marco Polo Network to advance digital trade settlement

05 Aug 2020 | E-invoicing, SCF & E-procurement

Trade Digitisation provider Bolero has joined the Marco Polo, to bring Bolero’s e-Bill of Lading (BL), including e-documents and e-presentation solutions, to the trade finance network. 

Bolero, Marco Polo Network, digital trade settlement, e-bill of lading, BL, e-documents, e-presentation, trade finance network, Galileo, digital trade finance, banks, corporates, trade ecosystem, trade finance transactions

MoneyGram gets USD 5.1 mln from Ripple in 'Market Development Fees' in Q2

04 Aug 2020 | Cryptocurrencies

MoneyGram has received over USD 15 million from Ripple in Q2 for providing liquidity for Ripple’s XRP-based cross-border settlement network.

MoneyGram, Ripple, XRP, cross-border settlement network, payments, global remittance

Mobile payments surged to 391 percent in Nigeria

07 Jul 2020 | Mobile Payments

Data from the Nigerian Inter-Bank Settlement Scheme (NIBSS) has revealed that mobile payments have increased by 391% since May 2019.

Nigerian Inter-Bank Settlement Scheme, NIBSS, Nigeria, mobile payments, COVID-19, OPay, mobile payment method, Paga, FirstMonie

Fujitsu Frontech, Soft Space team up for contactless payments

30 Jun 2020 | Online Payments

Fujitsu Frontech and Asia-based fintech company Soft Space have entered into a memorandum of understanding (MOU) that aims to boost the usage of contactless card payments with smart devices in Japan.

Fujitsu Frontech, Soft Space, collaboration, contactless payments, NFC, Japan, Asia, payments, contactless cards, settlement terminal, fintech

Neutral Air Partner enables digital payments through PayCargo partnership

26 Jun 2020 | Online Payments

Hong Kong-based logistics platform Neutral Air Partner has announced its members will be able to access and pay for airfreight digitally, after teaming with with online payment platform PayCargo.

NAP, Neutral Air Partner, PayCargo, payments, online payments, payments settlement, Hong Kong, Asia, APAC

Sephora and Instagram build an online shopping experience

25 Jun 2020 | Ecommerce

France-based personal care and beauty retail chain Sephora has revealed a new digital collaboration with Instagram

Sephora, Instagram, checkout, payments settlement, online payments, ecommerce, partnership, instagram account, beauty retailer, retail, France, world

Crypto payments company NetCents to provide daily merchant settlements

24 Jun 2020 | Cryptocurrencies

Canada-based cryptocurrency payments company, NetCents Technology, has announced that it now provides daily settlements for all US-based merchants.

NetCents Technology, cryptocurrency payments, daily settlements, US, merchants, ACH integration, payout, credit facility

Raiffeisenbank and Slavneft cooperate using NSD's Transit 2.0

24 Jun 2020 | E-invoicing, SCF & E-procurement

Raiffeisenbank and Slavneft, a Russia-based oil and gas company, have begun cooperation using the Transit 2.0 financial message exchange platform run by National Settlement Depository (NSD).

Raiffesenbank, Slavneft, partnership, NSD, Transit 2.0, exchange, National Settlement Depository, payments

FSS Technologies signs Emrys La Carte for issuance processing service

23 Jun 2020 | Cards

Global digital payments company FSS Technologies has partnered with France-based neo-bank Emrys La Carte to provide a hosted card issuance service. 

FSS Technologies, Emrys La Carte, hosted card issuance service, cards, FSSNeT, FSS’, data security, regulatory compliance, digital payments, commerce, payment acceptance, in-store, online transactions, settlement, risk management, card programme, virtual card, prepaid card, rewards wallet, digital wallet, loyalty wallet, FSS Card Management platform, IBAN account issuance

American Express scores licence to clear transactions in China

16 Jun 2020 | Mobile Payments

American Express has announced that its joint-venture in mainland China has received approval from the People’s Bank of China (PBOC) for a network clearing license.

American Express, China, People's Bank of China, PBoC, payments, payments reconciliation, payments settlement, Asia, APAC

NSD, TDCC sign a MoU for capital markets of Taiwan and Russia

09 Jun 2020 | Payments General

The National Settlement Depository (NSD) and the Taiwan Depository and Clearing Corporation (TDCC) have signed a Memorandum of Understanding.

clearing, settlement, MoU, National Settlement Depository, NSD, Taiwan Depository and Clearing Corporation, TDCC

FPC reveals its Faster Payments Interoperability whitepaper

05 Jun 2020 | Online Payments

The US Faster Payments Council (FPC) has released a new Faster Payments Interoperability whitepaper developed by the FPC Network Committee. 

U.S. Faster Payments Council, FPC, whitepaper, payments, security, risks, fraud threats, cross-border payments, settlement

Airwallex rolls out WeChat Pay payment option in Australia, Hong Kong, Singapore

04 Jun 2020 | Ecommerce

Hong Kong-based fintech company Airwallex has rolled out a WeChat Pay payment option in Australia, Hong Kong, and Singapore. 

WeChat Pay, Airwallex, APAC, merchants, ecommerce platform, settlement reports, Australia, Singapore, card payment

Banking Circle study finds SMEs were borrowing funds to pay business costs even before COVID-19

28 May 2020 | Payments General

Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis).

FX rates, loans, SMEs, banking, fintech, merchants, Europe, study, cross border payments, payroll, business costs, settlement accounts, Banking Circle

ACI Worldwide, Wundr team up to power cross-border payments

19 May 2020 | Online Payments

ACI Worldwide has announced that Wundr, a retail payments platform, will power its payments with ACI’s UP eCommerce Payments solution.

ACI Worldwide, Wundr, launch, cross-border payments, instant settlement, RESTful API, open payments, partnership, retail

Ebury launches instant payment service

19 May 2020 | Payments General

UK-based global transaction platform Ebury has launched its new feature, ‘Ebury Instant’, which allows clients to make instant payments, regardless of currency.

Ebury, product launch, instant payments, Ebury Instant, immediate payment settlement, transactions, Anti-Money Laundering

Sberbank, Cherkizovo Group start interactions via NSD's Transit 2.0 Platform

19 May 2020 | Payments General

Russian food producer Cherkizovo Group has connected to Sberbank’s banking services via National Settlement Depository's Transit 2.0 platform.

Sberbank, banking services, National Settlement Depository, APIs, corporate clients, Russia, Fintech API, payments

DBS Bank joins R3's Corda blockchain trade-finance network Contour

11 May 2020 | E-invoicing, SCF & E-procurement

DBS Bank has joined Contour’s network, which is built on blockchain technology company R3's Corda.

letters of credit, blockchain, trade finance, banking, Singapore, R3, Corda, settlement, DBS Bank

PayCargo enables payments in Canadian dollars

27 Apr 2020 | E-invoicing, SCF & E-procurement

PayCargo has launched a dedicated Canadian Dollar online freight payment platform in Canada. 

PayCargo, payments, payment platform, online payments, Canada, IATA, payment settlement