Remittance

05 Dec 22 @ 18:14

On October 26, 2022 a proposal for a Regulation amending Regulations (EU) no 260/2012 (SEPA Regulation) and (EU) 2021/1230 (Cross-border Payments Regulation or CBPR2) as regards instant credit transfer in... read more

28 Nov 22 @ 14:49

Papaya Global, the global payroll company, is aiming to revolutionize the global workforce management. This is a field that has boomed since the pandemic, and their platform is one of... read more

30 Oct 22 @ 14:24

Swift says it has worked extensively with its global community to prepare for the start of the ISO 20022 migration for cross-border payments and reporting (CBPR+). Since August, all required... read more

25 Oct 22 @ 18:05

A draft European Union rule would demand that euro zone banks in would be required to provide instant payments in the single currency. The EU wants to modernise payments so... read more

11 Oct 22 @ 13:23

Cheque usage continues to decline for business-to-business (B2B) payments in US and Canada (North America), falling to an all-time low of 33% since AFP (Association for Financial Professionals) began tracking this... read more

10 Oct 22 @ 15:20

Research conducted by Celent has revealed that, in response to commercial pressures and changing scheme and regulatory requirements, payments processing is transforming from a commodity to a business, creating compelling... read more

30 Sep 22 @ 09:26

A new report from leading financial research firm East & Partners in partnership with Payments Cards & mobile, claims banks are lagging far behind their clients’ expectations when it comes... read more

20 Sep 22 @ 11:10

Citibank has been told it is entitled to recoup $500 million that it accidentally wired Revlon, a US appeals court has announced. Reversing a lower court ruling, the 2nd U.S. Circuit... read more

05 Sep 22 @ 17:25

Early last week, Walmart asked the federal court handling the FTC’s lawsuit into money transfer fraud to dismiss it. Walmart’s brief lays out several reasons why the FTC’s case is... read more

22 Aug 22 @ 12:30

In August 2020, Citibank mistakenly used its own money to repay a $900 million term loan it administered on behalf of Revlon that was held by multiple asset management groups.... read more

09 Aug 22 @ 13:50

Remittances sent worldwide have increased 64.3% in the past decade, rising from $420.1 billion 10 years ago to $653.4 billion in the last year*, according to research by ACE Money... read more

04 Aug 22 @ 14:57

A new study has found the volume of domestic digital money transfer payments will exceed 300 billion globally for the first time in 2026, from 207 billion in 2022; representing... read more