New IATA System Modernizes Airline Payment Settlements

New IATA System Modernizes Airline Payment Settlements

IATA is upgrading BSPlink to a "Next Generation BSPlink," enhancing the efficiency, security, and user experience of airline settlement, and supporting the future development of the aviation industry. This upgrade aims to streamline processes, improve data management, and provide a more modern and user-friendly platform for airlines and travel agents. The new BSPlink will offer enhanced functionalities and improved performance, ultimately contributing to a more efficient and secure global airline settlement system.

01/26/2026 Logistics Industry Insights
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Fed Hikes Payment Fees Exempts Fednow Service

Fed Hikes Payment Fees Exempts Fednow Service

The Federal Reserve announced an average price increase of 1.8% for traditional payment services, while keeping FedNow service fees unchanged. This move aims to recover costs and promote the FedNow instant payment system. The Fed is also introducing four payment system enhancements to improve efficiency and security, building a more modern payment ecosystem. The unchanged FedNow fees are likely intended to incentivize adoption of the new real-time payment platform.

01/30/2026 International Settlement
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Comoros Strengthens Crossborder Payment Strategies Amid Dollar Fluctuations

Comoros Strengthens Crossborder Payment Strategies Amid Dollar Fluctuations

This article explores the exchange rate relationship between the US dollar and the Comorian franc, highlighting its significance in international payments. It analyzes the impact of exchange rate fluctuations on transaction decisions and offers optimization suggestions for cross-border payments. Choosing the right platforms and tools is crucial, particularly for small and large exchanges.

08/20/2025 Exchange Rate Query
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Monthly Payment Plan Eases Cash Flow for Importers

Monthly Payment Plan Eases Cash Flow for Importers

The Periodic Monthly Statement (PMS) is a payment option introduced by U.S. Customs that allows importers to consolidate duty and tax payments on a monthly basis, optimizing cash flow. This program not only reduces the financial pressure of individual payments but also enhances the flexibility of fund utilization, making it a valuable option for importers to consider and leverage.

08/05/2025 Customs Knowledge
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