Global information services company, Experian, and American Express are going into partnership to provide international payment processing and foreign exchange services to Experian’s UK clients. The deal will add global payment processing to Experian’s range of services which currently include domestic payment processing and international bank account validation. The new service will be implemented through American Express’s Foreign Exchange International Payments product which will be integrated with Experian’s Payments Gateway.
Experian’s Director of Payments Strategy, Jonathan Williams, remarked that the partnership “will enable Experian’s clients to make payments anywhere in the world, leaving them able to focus on their primary business activities.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more