Visa expands ConnexPay collab, Ripple teams with MoneyGram for B2B X-border payments and Goldman Sachs considers digital coin
| | | | BUSINESS-TO-BUSINESS EDITION | | Ripple Talks MoneyGram X-Border Payments Deal The correspondent banking system, which underpins cross-border B2B commerce, is anything but efficient â and is especially expensive for smaller enterprises. However, up until now, itâs been the only game in town. A new partnership between Ripple and MoneyGram, tied to blockchain and cryptocurrencies, seeks to change all that, as Kahina Van Dyke, SVP of business and corporate development at Ripple, tells PYMNTS. Hereâs why. |
| Private Sector Not Immune To Late Payments Struggle The late payments fight goes global this week, with the spotlight turning on Scotland's construction industry, while new Xero research points to the struggle of Aussie small businesses (SMBs) in particular. In the U.S., meanwhile, late payments criticism hits both the private and public sectors. |
| | Fleet | | Fleet Payments Explore The Connected Car Opportunity Autonomous vehicles and connected cars have tech players exploring how to use a vehicle to disrupt payments in the same way as the mobile device. Car IQ CEO Sterling Pratz says that opportunity is particularly large in the fleet payments space, as technologies like telematics and IoT gain traction. |
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