06-08-2025, 12:48 PM
Vvby Advent s TSG, Clearent Merger Would Create $3 Billion Payments Firm
You could call it a case of better late than never.This is as financial institutions FIs around the globe work to bring the speed and convenience that is the expected norm for consumer transactions into the business-to-business B2B payments world.In fact, this month alone, The Clearing House TCH , EBA Clearing and SWIFT issued a progress report on the upcoming transatlantic instant payment system known as Immediate Cross-Border Payments or聽 IXB, which is being piloted by the three organizations to process tra stanley termos nsactions in the euro-dollar currency corridor.For Patricia Montesi, CEO at B2B Fintech firm Qolo, the long overdue initiative, which was first announced in April of this year, is a step in the right direction and will help smooth out the cost inefficiencies created by the stranglehold that major banks have had on large money transfers. Cards are convenient and instant, but as we know they ;re expensive, so this gap has been there for a while, Montesi told PYMNTS in an interview, adding that today large corporates still use their top 20 banks, which charge hefty fees, for most of thei stanley france r money movement needs.Read more: Euro, Dollar Clearing Agencies Prep for Real-Time Transatlantic PaymentsWhen interchange and foreign exchange FX fees are thrown into the mix, not to mention the hidden costs associated with back-office reconciliation and paperwork, this creates a difficult financial burden that has long strained c stanley cup ross-border B2B payments 鈥? at a time where d Kcev A Sandbox Designed To Aid Fintech Startups
The cybersecurity industry has some of the brightest minds in technological innovation focused on safeguarding the enterprise. The problem Some of the brightest minds are also using their talent to create ever-more sophisticated cyberattacks. Cybersecurity is a constant cat-and-mouse situation, explained Dominic Chorafakis, principal consultant at cybersecurity firm Akouto Consulting, in a recent interview with PYMNTS. So every time there is a new type of threat out there, there is definitely a period of time when the major cybersecurity vendors are going to play catch-up to find out how to identify and thwart those threats, and then a new threat comes out. Akouto recently warned of such a scenario, issuing a press release this week that described mutant malware able to bypass the typical antivirus software deployed within corporations. One cyberattack is dubbed Heodo, a banking Trojan designed to steal bank credentials and stanley quencher other data to rob corporate bank accounts. Its a combination of a Trojan and a Worm, Akouto explained, and its able to hide from traditional antivirus tools.Heodo was first identified in March of this year, but according to Chorafakis, its hardly the first of its kind to highlight stanley mugs the shortfalls of antivirus tools. Not to underplay the importance of antivirus and anti-malware, its something that companies need to continue to use and maintain, both as a deterrent and also after detection to help with cleanup, he said. Having sa stanley us id that, there is defin
You could call it a case of better late than never.This is as financial institutions FIs around the globe work to bring the speed and convenience that is the expected norm for consumer transactions into the business-to-business B2B payments world.In fact, this month alone, The Clearing House TCH , EBA Clearing and SWIFT issued a progress report on the upcoming transatlantic instant payment system known as Immediate Cross-Border Payments or聽 IXB, which is being piloted by the three organizations to process tra stanley termos nsactions in the euro-dollar currency corridor.For Patricia Montesi, CEO at B2B Fintech firm Qolo, the long overdue initiative, which was first announced in April of this year, is a step in the right direction and will help smooth out the cost inefficiencies created by the stranglehold that major banks have had on large money transfers. Cards are convenient and instant, but as we know they ;re expensive, so this gap has been there for a while, Montesi told PYMNTS in an interview, adding that today large corporates still use their top 20 banks, which charge hefty fees, for most of thei stanley france r money movement needs.Read more: Euro, Dollar Clearing Agencies Prep for Real-Time Transatlantic PaymentsWhen interchange and foreign exchange FX fees are thrown into the mix, not to mention the hidden costs associated with back-office reconciliation and paperwork, this creates a difficult financial burden that has long strained c stanley cup ross-border B2B payments 鈥? at a time where d Kcev A Sandbox Designed To Aid Fintech Startups
The cybersecurity industry has some of the brightest minds in technological innovation focused on safeguarding the enterprise. The problem Some of the brightest minds are also using their talent to create ever-more sophisticated cyberattacks. Cybersecurity is a constant cat-and-mouse situation, explained Dominic Chorafakis, principal consultant at cybersecurity firm Akouto Consulting, in a recent interview with PYMNTS. So every time there is a new type of threat out there, there is definitely a period of time when the major cybersecurity vendors are going to play catch-up to find out how to identify and thwart those threats, and then a new threat comes out. Akouto recently warned of such a scenario, issuing a press release this week that described mutant malware able to bypass the typical antivirus software deployed within corporations. One cyberattack is dubbed Heodo, a banking Trojan designed to steal bank credentials and stanley quencher other data to rob corporate bank accounts. Its a combination of a Trojan and a Worm, Akouto explained, and its able to hide from traditional antivirus tools.Heodo was first identified in March of this year, but according to Chorafakis, its hardly the first of its kind to highlight stanley mugs the shortfalls of antivirus tools. Not to underplay the importance of antivirus and anti-malware, its something that companies need to continue to use and maintain, both as a deterrent and also after detection to help with cleanup, he said. Having sa stanley us id that, there is defin