Venezuela's grand gathering with creditors Monday lasted all of 30 minutes and didn't produce anything of substance. To make matters worse, S&P Global Ratings declared the country in default while Fitch Ratings cited missed paymentsShow More Summary
By Katia Porzecanski Venezuela, one of the world’s riskiest credits, was declared in default by S&P Global Ratings after missing two interest payments on its debt. The nation, home to the world’s largest oil reserves, owed investors about $200 million and failed to make those payments by the end of a 30-day grace period that expired […]
Globalization is in full swing these days, despite nationalist rumblings. And when goods and people are crossing borders, so too must money. At PayPal, for example, cross-border trade volume grew 41% last year, to over $18 billion. Payments...Show More Summary
The two nations’ premiers shared their thoughts on linking payment systems, as Moscow said that no single currency should dominate global trade.
NCR Corporation, a global leader in omni-channel solutions, recently unveiled its new NCR Mobile Payments solution at the NACS Show, the leading convenience and fuel retailing event. The cloud-based solution enables fast mobile transactions...Show More Summary
BEIJING (Reuters) - Russia and China were considering linking their national payment system, Russian Prime Minister Dmitry Medvedev said on Wednesday, as he called for a more balanced global finance structure.
Mobile payment apps have made a significant impact in our global market, but what wisdom can be gleaned from their success? Let's take a look. The post Mobile Payment Apps: What We Can Learn from Their Success appeared first on Mobile App Development & Design Company - Snyxius.
To make themselves invaluable to consumers of the future, PayPal has unveiled the very aptly named PayPal for Marketplaces, which they are billing as an “end-to-end global payment solution.” The new payment system lets consumers useShow More Summary
Global payments company Mastercard has announced that it will be opening up its internal blockchain API to developers. According to the company, "Mastercard’s blockchain solution provides a new way for consumers, businesses and banks...Show More Summary
Global payments and technology company Mastercard Inc. today announced that it will be opening up access to its blockchain technology for banks and merchants through an application programming interface published on Mastercard Developers. Show More Summary
Categories: Afternoon Coffee Tags: General News IBM announced Wednesday a new blockchain solution that will help financial institutions reduce settlement costs and speed up the process of completing global payments. Mining giant Rio Tinto and two of its former executives have been charged with fraud by the Securities and Exchange Commission (SEC). Show More Summary
IBM is announcing today that it has created a new cross-border blockchain payments solution with KlickEx Group and Stellar.org. The move is designed to improve efficiency and reduce the cost of making global payments for businesses and consumers. For the first time, public blockchain technology — a kind of transparent ledger system that is distributed […]
Token sales, also called ICOs, are the new normal when it comes to early stage cash. Originally envisioned as a way to create new and unique rails for payments, customer interaction, and peer-to-peer networking the token is now both an integral part of most companies and a great way to fund a great (or awful) idea. Show More Summary
Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and...Show More Summary
Premier League clubs unanimously agree to adjourn a meeting about ending the equal distribution of global TV money until next month.
By Charles Hugh Smith – The demise of the US dollar has been a staple of the financial media for decades. The latest buzzword making the rounds is de-dollarization, which describes the move away from USD in global payments.
GoCardless, a fintech startup that’s setting out to make it easier for companies to collect recurring payments from customers, has raised $22.5 million in a round of funding from existing investors including Balderton Capital, Accel Partners, Notion Capital, and Passion Capital. Founded out of London in 2011, Y Combinator alum GoCardless’s mission is to create a […]
The payments company is open-sourcing its transaction data to help nonprofits, governments, and private companies understand how to achieve great financial inclusion in the developing world. The whole idea of corporate philanthropy is...Show More Summary
Merlin, the global digital music rights agency for 20,000 indie labels and distributors from 53 countries, has announced its billionth dollar in distributions, since launching in May of 2008. With all of its payments coming from music streaming, this milestone points to a promising future for independent music companies. ____________________________________...
Every company makes payments, even if they're not in finance. The speed in which this money moves can either impede or accelerate new opportunities and growth for a business. Currencycloud is a cloud payments platform that allows businesses to automate and send international bank transfers. Show More Summary