Payoneer has announced that it is helping direct selling industry leaders to pay their international sales representatives’ commissions on branded reloadable Prepaid MasterCard cards instead of sending them paper checks or wire transfers.   » Continue Reading

Travelex Cash Passport, the first prepaid foreign currency card in the United States according to the company, launched May 1. The card allows travelers to load and lock-in their rate for British Pounds or Euros.   » Continue Reading

EPN, the ACH business of The Clearing House Payments Company, is urging financial institutions to start planning now to meet OFAC requirements for new international ACH transactions (IAT) in March 2009 and has created an IAT Readiness Checklist to help financial institutions prepare.   » Continue Reading

The International Payments Framework Group (IPF) has announced its decision to go forward with the next phase of the project. According to IPF, 'Phase II will improve the cross-border payments process through operating rules that will enable interoperability between domestic and international ACH systems.'   » Continue Reading

The International Payments Framework (IPF) has announced completion of its first phase. Over the past 12 months, representatives from 30 organizations representing 15 countries around the world have been reviewing the feasibility of an International Payments Framework. Phase I of the project is now complete with the development of the IPF concept paper. Phase II, which will enable interoperability between domestic and international ACH systems, has begun with a 90-day member solicitation period to conclude March 31, 2008.   » Continue Reading