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suir Big Banks Draw Digital Battle Lines
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鈥擟ross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails.But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other.Not the least of which is how long it takes for international transactions to settle.Fortunately, many industry leaders tell PYMNTS this situation is about change 鈥?for the better.Thats because several future-fit efforts to improve cross-border payment systems are well u stanley mugs nderway, including next generation real-time payment RTP initiatives from SWIFT, ongoing development and experimentation of blockchain-based solutions that include international central bank digital currencies CBDCs , and more digital-first platforms and solutions that aim to remove historical cross-border frictions while streamlining and expediting the payment journey.Still, moving from an international payment landscape made up of two- or three-day cycles to a 24/7/365, always-on envir stanley polska onment may seem daunting to many businesses who have structured their working capital and cash flow forecasting strategies around th stanley cup e persistent inefficiencies of cross-border money movement.With so many new options on the horizon, interoperability between emergent and historical payment platforms and systems will be crucial to smoothing out and streamlining payment flo Lcox Coronavirus Cases Climb; Dow Sinks Along With Mortgage Rates
The global demand for top notch craft beer has aficionados frothing over access to foreign brews. Simultaneously, American beer makers are searching for ways to expand distribution and become international brands. At the intersection is Shannon Long, CEO of Brew Export, a turnkey service that handles legal, shipping and marketing logistics for U.S. breweries that聽want to gain exposure abroad.PYMNTS caught up with Long to discuss her endeavor and how American craft beer is going cross-border.Heres a preview: Like with any cross-border endeavor, however, Longs operations occasionally run into roadblocks. As alcohol laws vary by country, Brew Export needs to ensure it fully understands the regulations surrounding labels and taxes for each market. One of Longs recent challenges came as she attempted to get into the Brazilian market. [Brazil has] a whole craft beer movement, they love craft beer down there, Im friends with tons of people on Facebook down there and I feel awful because at this point I just cannot stanley france get bee stanley cup r down to them. Its a challenging market to enter and alcohol regulations are challenging, Long explained. Especially with me with the Olympics, I really would have liked to get beer down there. Id love to get beer down there with all the events they have coming up, because theres going to be so many Americans down there and people from around the world, but theres just no way, not at this point. 聽eCommerce opens bordersRecent cross-border headli stanley cup nes have focused |
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