Bank of America Expands Instant B2B Payments
Virtual Payables Direct, Bank of America’s new business-to-business payment offering, further expands the bank’s capabilities in instant payments, allowing UK users and the Single Europe Payments Area (SEPA) to pay suppliers via direct bank transfer. The service builds on BofA’s existing virtual cards program, offering traditional benefits such as extended payment terms, in addition to […]
SWIFT to Pilot Cross-Border Digital Asset Transactions Next Year
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) will begin trials of digital asset transactions across its global messaging network. SWIFT Chief Innovation Officer Tom Zschach stated that the organization’s goal is to build a network that supports both emerging and traditional payment systems. However, the current landscape is fragmented across a considerable amount of […]
Stopping Repeat Payment Fraud With Accurate Device Recognition
Online payment fraud isn’t just a growing problem; it’s a crafty, shape-shifting challenge for businesses of all sizes. From stolen credit cards to chargeback abuse, criminals have developed countless tactics to exploit online payments, and many of them keep coming back for more. It’s important to recognize these repeat offenders, and it’s not enough to […]