Ascendant will leverage SWIFT gpi to further enhance its customer platform aPay and its API capabilities, improve payment delivery, and provide greater transparency for customers.
Payee Intel greatly diminishes the number of returns and investigations associated with
international payments, improves the efficiency of collecting payee banking details, and reduces the overall cost of sending international
SchedulePay saves organizations time by enabling quick and easy B2B and B2C payment processing for payments at a future date.
It was the first time the Congress was held outside of France in order to acknowledge and pay tribute to the American partnerships that are essential to their success in the export barrel
New integration puts customer needs first when it comes to international payments.
AscendantFX has incorporated risk analytics software from ACL to enhance our compliance services and add additional screening to help our financial institution clients identify risks that may not be easily identifiable with their present tools.
Debbie Nowak, VP of Global Payment Solutions, discusses how manufacturers can save money and time on international payments by eliminating cross border US dollar payments.
Dan Caputo, AFX Vice President of Global Payment Solutions, discusses how building partnerships with FinTech companies and third-party service providers can allow credit unions to offer more innovative products and services.
Our VP Global Payment Solutions, Dan Caputo discusses the power of collaboration between financial institutions and fintech companies with Payments Journal.
Our VP Global Payment Solutions, Dan Caputo was featured in Wisconsin Banker where he talked about the benefit of partnerships.
How to Control Cost through Customer-centric Payroll solutions. Technology and processes that provide procedural efficiency and employee confidence. By Mike Shamburg, VP Global Payment Solutions.
What's the best way to clear checks for your customers that can help manage the risks for both of you
Any time the Japanese yen is the top performing currency for the week, you know that the mood of the market is risk aversion, aka “Risk Off”. The resurgence of Covid-19 cases in several countries is frightening governments into lockdowns and will likely lead to Q4 growth downgrades... Read more
There wasn’t a lot of movement in the major currencies last week: only three quarters of one percent separate the best from the worst. The price action may have marked an inflection point (more on that later) but first, let’s look at the two outliers... Read more
Noun; the process of becoming like Japan, i.e. with vast government debts, ultra-low interest rates, near-deflation, and minimal economic growth.
It has taken a little over thirty years, since the collapse of the Japanese asset bubble in 1989, for the economic policies of Japan to be adopted by virtually all advanced economies... Read more
The USD under-performed against the majors last week, except versus the CAD. The CAD was down a third of a cent against the greenback and is the worst performing currency on the one-year time frame with a loss of 3.75%. The CAD traded between 1.3850 - 1.4200 from April to mid-May and then bottomed at 1.33 in the first week of June... Read more
…but they can be subject to interpretation. Since the official declaration of the COVID-19 pandemic in March, fundamental measures of the economy (such as joblessness, inflation, retail sales and the like) have been largely ignored. The recently ended second quarter of 2020 was such an unmitigated economic disaster that the aforesaid metrics were, frankly, meaningless.. Read more
With only 1% separating the best and worst performers, major currencies traded in a narrow range last week as risk sentiment took a punch in the gut. The risk off mode started last Sunday when China hawk, Peter Navarro, replied, “it’s over” to a Fox News reporter asking about the Phase 1 trade deal... Read more
We have long found it gratifying to see economists and market pundits proven incorrect in pessimistic forecasts. Not just wrong, but completely wrong. Last Friday’s employment statistics on both sides of the border was one of those all-too-rare occasions... Read more
Almost every currency was up against the USD last week on continued risk appetite in global equity markets as global economies gradually move to reopen after coronavirus shutdowns. Month-end adjustments to portfolio hedges after a monthly rally in May for US equities also weighed on the USD... Read more
The past week witnessed an escalation in Sino-US trade tensions, an aggressive stance taken by Chinese authorities with respect to Hong Kong, and a surprise economic announcement by, again, the Chinese government. Any one of these three actions would be tension-provoking; all three coming in the same week suggests a crisis atmosphere.. Read more
Risk sentiment was the prevailing market force last week in the currency market. It was a risk-off mood in the equity markets, which favours the USD and currencies that have negative interest rates such as the swiss franc, euro, and yen. Sentiment was soured by news that the trade war was back... Read more
After the Great Lockdown comes the slow and staggered reopening in North America, the European Union, and parts of Asia. This should also mark the peak in economic contraction as all those downward sloping charts of economic indicators over the past couple of months should stop looking like downhill ski slopes and start to form a bottom. This does not mean that the data will stop being shocking, since the incoming data lags the economic activity on the ground. .... Read more
The past several weeks have certainly been an eye-opener. Massive declines in equity markets followed by robust rallies, government spending at near-incomprehensible levels along with central bank easing (read: money-printing), and nothing has been more surprising than crude oil (the ‘black gold’ of commodities) trading at a negative price. What’s going on here? Let’s take a closer look... Read more
It’s official, they have a name for it now. The worst economic downturn since the Great Depression, caused by the coronavirus pandemic, has been labeled the Great Lockdown by the International Monetary Fund. In its semi-annual report, the IMF estimates that global gross domestic product will shrink 3% this year, far worse than the 0.01% contraction amid the Global Financial Crisis of 2008. ... Read more
There is a widely quoted Chinese saying: “may you live in interesting times”. Such are the times in which we now find ourselves. Consequently, fundamental analysis of corporations and the economy in general are largely pointless at present. Given the extreme uncertainty in the economy, many companies are cancelling their forward guidance– and who can blame them?... Read more
Act I of the COVID-19 pandemic has played out. The “shoot first ask questions later” deleveraging of assets caused the Federal Reserve and other central banks around the world to move aggressively to ease the disruption in the financial markets..... Read more
Bazooka (n; a short-range anti-tank rocket launcher)
Last week, the preferred metaphor of the financial media was “bazooka”. Although it was overused, it accurately described the actions of governments and central banks in dealing with the economic fallout of the ongoing coronavirus epidemic. Let’s take a brief look at what our betters were up to... Read more
Last week saw a classic herd response in the capital markets, with players selling everything in sight and seeking the safety of treasury bonds or other fixed-income instruments. Risk off would be a suitable description. This was indeed a massive move, sparked by growing (and, to a degree, irrational) fears of COVID-19, a.k.a. coronavirus.... Read more
Last week witnessed a slew of secondary economic releases in America, along with some Fedspeak from Fed chair Jay Powell, a complete lack of Canadian news (other than the ongoing rail blockades and traffic disruptions), and uncertainty about the coronavirus outbreak, now officially named COVID-19. Let’s sort it out and see what we can learn.... Read more
Donald Rumsfeld, the erstwhile secretary of defense in the George W. Bush administration, famously remarked about ‘known knowns’, ‘known unknowns’ and ‘unknown unknowns’. While this statement was widely ridiculed at the time, it was actually a rather clever observation, quite applicable to the current uncertainty plaguing national governments and global markets.... Read more
The past week witnessed numerous positive economic developments and a slew of upbeat numbers in the US. However, lurking behind the happy-faced news are some troubling indicators: some obvious, others not so plain. Let’s take a closer look, shall we... Read more
The yen was the best performing currency on the week as a result of safe-haven flows as equity markets continued their downward trend. Despite gains on Friday, both the S&P 500 and the DJ Stoxx 600 ended their 6-week winning streaks... Read more
Cyber-crime is criminal activity carried out using the internet, computers, or mobile devices. It is a major threat to businesses and individuals, and involves fraudsters or hackers unlawfully accessing confidential data or program files for the purpose of fraudulently obtaining money through coercion... Read more
The world of international payments can be confusing. Use this glossary to make sense of the payment vocabulary