Cross-Border Payments Cannot Afford to Move at Yesterday’s Speed

Real-time payments are giving banks another reason to confront technology they have spent years working around. The PYMNTS Intelligence report “From Adoption to Execution: How FIs Are Turning Real-Time Payments Into Competitive Advantage” is the August edition of the “Real-Time Payments Tracker” and a collaboration with The Clearing House. It found that 76% of financial […] The post Real-Tim

Four payments executives, from TNG Digital, NETS, Thunes and Nexus Global Payments, spent an hour on a Fintech News Network webinar picking apart what still doesn’t work in cross-border payments. Their verdict was consistent across the panel where the four of them concluded that more rails have arrived over the past decade than ever before, [...] The post What Will It Take to Build the Futur

I thought accepting international payments would be straightforward. It wasn’t. Here’s what actually caused problems for us: High FX and conversion fees that weren’t obvious at the start Settlements taking longer than expected (sometimes 5–7 days) Cards from certain countries failing more often Tax and compliance requirements changing by country Customers wanting to pay in their local method, not