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SmartCard Marketing Systems Inc. (OTCQB:SMKG) JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies
SmartCard Marketing Systems Inc. (OTCQB:SMKG) JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies.
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[{"type":"text","content":"SmartCard Marketing Systems Inc. (OTCQB:SMKG) JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies Sept 12th, 2022 New York, Ny USA About The Axepay Joint Venture With SMKG:OTCQBSmartCard Marketing Systems Inc and Axepay formed a joint venture partnership that united a Payment Strategy for Digital Payments Innovation of Cross-border Payments with Embedded Payments. The partnership between the companies morphed into a unique opportunity to develop both the technology and relationships globally with financial institutions and money service businesses to strengthen the Axepay.com platform.Simplicity Is InnovationAs we move toward real-time interoperability between payments systems and countries, Moore told Webster that cross-border payments executives should keep one guiding principle top of mind: Simplicity itself is innovation.Messaging standards such as ISO 20022 and straight-through processing help improve the quality of data and speed of transactions. Along the way there’s significant opportunity to take B2B transactions fully into the digital age.And drilling down a bit, those improvements can help multinationals change their own business models as, for instance, they may look to engage with end customers directly rather than with wholesalers. In doing so, Moore said that in a cross-border, eCommerce environment, companies will have to use and offer the prevalent, local payment methods. Consumers and vendors will want to see prices in their own currencies, and that segmented pricing can be affected through APIs (with providers such as J.P. Morgan Chase managing any issues on the back end, rather than trying to do it all themselves).“Everyone wants these payments to be easy, to be familiar — and as frictionless as possible,” Moore told Webster.Source link: JPMorgan: Strong Dollar Prompts Cross-Border Rethink of Idle Cash, Liquidity Strategies (pymnts.com)Massimo Barone the CEO of SMKG stated “ Cross-border Payments - This is the news we like to see. When the largest institution JP Morgan spells out what you have already known and developed a platform and payment rails for! At SMKG, the Axepay cross-border payments platform provides a seamless global network of corridors and automated FX trades desk that coins the word and services \"Seamless Payments\".About Smar...