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Dec 12, 2017 - A Brief History The origins of modern day banking can be traced all the way back to Renaissance Italy. Specifically, in Florence and Genoa and the banking dynasty created by the Medici family. From these humble roots, the concepts of banking, lending and credit spread throughout Europe and trickled over into other continents. By the […]

Dec 12, 2017 - Since the dawn of man, societies have exchanged money, or some variation of money, for goods and services. While banks have always existed in some shape or form, official banks are a relatively young institution that trace their official genesis to Florence, with the Medici banking family in the 17th century. One of the main […]

Dec 12, 2017 - According to a recent ABC News story, a New York seamstress fell victim to a banking error that almost cost her $39,000 and her business. The reason: using bank wire transfers to send money to suppliers abroad. Janet Bloor makes costumes for large-scale Broadway shows, ballets, and other smaller projects. She depends on supplies from […]

Sep 9, 2017 - A recent study revealed that 58% of small businesses have international customers. Given ever-increasing access to Internet services, that number is bound to grow exponentially over the next few years. In fact, 72% of the small businesses surveyed in that study said they plan to increase their international business. If small businesses want to compete […]

Feb 2, 2017 - How Bank-to-Bank Transfers Hurt Small Businesses 2017 is certain to be an interesting year for small business America. With American trade policy unknowns causing uncertainty over the cost of global exchange, global SMBs will increasingly look for greater efficiency and savings. When it comes to bank-to-bank wire transfer cost and efficiency, there’s some good news […]

Apr 4, 2016 - Empowering SMBs With New Technologies Wire transfers are integral to any small business operating internationally. SMBs have relied on this payment method for ages yet fail to realize the many issues that come with it. The mentality from the banks of, “it’s not broken so why fix it” has failed to empower SMBs with new […]

Feb 2, 2016 - Small Business Payments Should be Simple Last month, we conducted a number of focus groups to speak to small businesses about their experiences with sending money, or getting paid overseas. One of the biggest takeaways, not only from this research, but from other surveys, comments on articles, speaking to customers regularly, is that opinions vary […]

Feb 2, 2016 - The Problem With Small Business Payments The payments market needs a swift kick in the pants. Sending international money transfers  should be as simple, fast, and cheap as calling a friend on Skype. Yet cross-border payments today are not only a huge drain on resources, gobbling up $50 billion in wire fees every year, but […]

Feb 2, 2016 - Simplifying Payments for SMBs  Align Commerce, formally changed to Veem in 2017.  In the world of global trade, paying a supplier is usually one of the most difficult aspects of managing payments as a small business. It is an industry that is reliant on sending online payments via wire transfers, which is the most popular […]

Dec 12, 2019 - New payment methods for businesses looking to improve the security of their payments SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the most trusted and widely used network for sending financial messages. The organization is headquartered in Belgium and connects banks and financial institutions around the world so they can communicate about cross-border payments. Statistics […]