| B2B Payments, SWIFT And In The Cloud
B2B transactions are complex, especially across borders. Technology can help salve the pain points of information flow needed across an increasingly regulated landscape. As Stanley Wachs, SWIFTâs global head of bank engagement, told PYMNTS, speed and transparency are critical components of SWIFTâs gpi system in serving banks and corporates, in an update on the recently debuted services.
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| B2B Not A Vital Part Of Real-Time Payments Innovation, Yet
While real-time payments initiatives initially focused on consumer payments, FIS notices more programs around the globe targeting B2B transactions. Its latest Flavors of Fast report, though, suggests corporate payments still aren't a main driver of real-time payment schemes in place today. Open platforms, APIs and government efforts to promote innovation, though, mean B2B payments are sure to gain new ways to jump into real-time payments.
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| | PYMNTS X-Border Receivables Report | | TRENDING: The Uberization Of X-Border Receivables
Rideshare services have gained popularity by taking the pain out of making payments. Can foreign currency exchange services adopt a similar model? In the latest PYMNTS.com X-Border Receivables Report, powered by Flywire, Mark Frey, COO of Cambridge Global Payments, discusses the need for FX providers to offer fast, seamless transactions to help clients manage the payments they get from buyers. That, plus a data dive on the rise of remote professional services and the latest news and headlines, inside the report. Read More... |
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