Insights and perspectives About Payments

Exploring topics, tips, and trends in the world of global and compliant payments.

  1. Understanding SEPA to Leverage Its Payments Infrastructure in Europe

    Understanding SEPA to Leverage Its Payments Infrastructure in Europe

    Two decades ago, Europe’s fragmented payments markets merged into a single clearing and settlement framework called SEPA.  It has radically simplified trade between the pan-European economies and unlocked new growth avenues for the European Union as well as anyone willing to do business throughout the area.  Since 2008, SEPA (Single… Read More

  2. Fedwire and CHIPS – All You Need to Know about Large Transactions in the US

    Fedwire and CHIPS – All You Need to Know about Large Transactions in the US

    Imagine you’re a bank in the United States, and you are looking at two large transfers.  One is a multimillion payment your client initiated where speed is of the essence. The other is one large transaction that settles all your daily payments with a wide range of financial institutions. You’d… Read More

  3. Swift Payments vs Local Payment Systems – Cross-Border Transactions Choice Made Simple

    Swift Payments vs Local Payment Systems – Cross-Border Transactions Choice Made Simple

    It’s a good time to be in business if you need to make a lot of cross-border payments. The global financial infrastructure of today has a wide selection of payment rails you can use to move your money around the world. However, in most cases, international payments come down to… Read More

  4. What Is Swift – All You Need to Know about the Manhattan Project of Global Payments

    What Is Swift – All You Need to Know about the Manhattan Project of Global Payments

    For over 50 years now, one messaging network has dominated international payments. Swift opened its doors in 1973 and delivered the first message within its network in 1977. Since then, it has become indispensable for the global economy as the only ecosystem that can connect 11,000+ financial institutions in 212+… Read More

  5. Understanding ACH | The Backbone of Electronic Payments

    Understanding ACH | The Backbone of Electronic Payments

    In the digital age, the way we handle money has evolved significantly. Gone are the days of paper checks and slow, manual transactions. Instead, we have systems such as ACH (Automated Clearing House) that power the seamless transfer of funds electronically. In this blog post, we will delve into the… Read More

  6. Why Payment Labs is Best Suited to Make Payments to Brazil

    Why Payment Labs is Best Suited to Make Payments to Brazil

    If you have ever had to make a payment to individuals in Brazil, you might know that this is not an easy country to move money into, and you might want to know the best payment method. The Brazilian Real (BRL) is a restricted currency, meaning it doesn’t leave the… Read More

  7. Payment Labs Now Supports Prepaid Debit Cards

    Payment Labs Now Supports Prepaid Debit Cards

    Announcement: The Payment Labs solution now supports prepaid debit cards as a customer payout method. Different individuals may prefer various payment methods to receive their funds and Payment Labs is pleased to offer another option to ensure fast payment processing. Benefits of Prepaid Debit Cards: Prepaid debit cards are an easy… Read More

  8. What is a Payment Rail?

    What is a Payment Rail?

    Oftentimes in banking, you will hear the phrase “payment rail,” and maybe you generally understand what it means in theory, but you can’t explain exactly what it is. You know you use them to send money in a wide variety of situations, but you might have questions about how exactly… Read More

  9. The Guide to Online Payment Security Methods

    The Guide to Online Payment Security Methods

    Part 1: Security Foundations in Payment Data Understanding the landscape When managing payments, it’s essential to recognize the sensitivity of having access to a customer’s personal and banking information and know how to secure the payment process. For example, in the United States, possessing someone’s account and routing number allows… Read More

  10. What is an FBO Account?

    What is an FBO Account?

    In the ever-evolving landscape of financial technology (fintech), businesses, especially small and medium-sized enterprises (SMBs), are constantly seeking efficient and compliant ways to make domestic and international payments. One critical aspect of this process often involves the use of FBO (For Benefit Of) accounts. In this comprehensive blog post, we’ll… Read More