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
Read More
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
Read More
Crossborder Ecommerce Guide to Freight Payment Risks

Crossborder Ecommerce Guide to Freight Payment Risks

This article delves into the differences between prepaid and collect freight in international shipping, analyzing the inherent risks of each payment method. It provides comprehensive risk mitigation advice for cross-border e-commerce sellers, helping them choose the appropriate payment option to safeguard their interests and ensure smooth international trade. The analysis highlights potential pitfalls and offers practical strategies for sellers to navigate the complexities of freight payment, ultimately contributing to more secure and efficient global transactions.

02/03/2026 Logistics Encyclopedia
Read More
Payment Orchestration Improves Success Rates Lowers Costs

Payment Orchestration Improves Success Rates Lowers Costs

Payment orchestration consolidates payment services, optimizing costs, increasing success rates, and improving user experience. When selecting a platform, consider factors such as platform fit, integration capabilities, customization options, compliance adherence, and optimization potential. Nuvei offers a comprehensive solution to address these needs.

02/05/2026 International Settlement
Read More
Businesses Urged to Adopt Cargo Liability Coverage

Businesses Urged to Adopt Cargo Liability Coverage

Freight liability insurance protects cargo owners from claims arising from third-party losses caused by goods in transit. Purchasing this insurance transfers risk to the insurer, meets carrier contractual requirements, and safeguards business financial security. Businesses should select an appropriate insurance plan based on their specific risk profile. It offers peace of mind during the transportation process and helps mitigate potential financial burdens associated with accidents or damages.

11/03/2025 Logistics Encyclopedia
Read More
Understanding Port Charges in Ocean Freight Consolidation Imports

Understanding Port Charges in Ocean Freight Consolidation Imports

In LCL shipping imports, port charges can be quite expensive due to the involvement of multiple services and operations. Costs accumulate from berth usage to container transfer, with services provided by port authorities and third-party companies. Additionally, the issuance and retrieval of bills of lading in LCL shipments can lead to extra expenses. Although the fee standards are public, customers still struggle to negotiate effectively with port authorities.

07/17/2025 Logistics Encyclopedia
Read More
Guide to Authentic KOL Data for Effective Brand Campaigns

Guide to Authentic KOL Data for Effective Brand Campaigns

This paper delves into the strategies and techniques of Xiaohongshu KOL marketing. It focuses on how to effectively identify the true value of KOLs through data analysis, third-party platform evaluation, and content tone matching. The aim is to avoid potential pitfalls and achieve efficient brand seeding on the Xiaohongshu platform, ultimately enhancing marketing effectiveness. The study emphasizes leveraging data to optimize KOL selection and campaign performance for successful brand promotion.

01/06/2026 Logistics Industry Insights
Read More
Guide to Instagram Reposting for Brand Growth

Guide to Instagram Reposting for Brand Growth

This article provides an in-depth analysis of Instagram content reposting strategies and techniques, covering the use of native features, screenshot methods, and third-party application recommendations. By mastering these methods, brands can efficiently leverage user-generated content, enhance brand awareness, and build closer relationships with their audience. It explores how to effectively share and amplify valuable content created by users, ultimately contributing to a stronger brand presence on the platform.

01/05/2026 Logistics Encyclopedia
Read More
Amazon Germany Introduces Click Collect for Seller Growth

Amazon Germany Introduces Click Collect for Seller Growth

Amazon Germany has launched a "Click & Collect" service, allowing third-party sellers to offer same-day in-store pickup to nearby customers. This initiative aims to increase foot traffic, attract new customers, strengthen customer engagement, and enhance store visibility. The service is expected to help sellers expand their local market presence. However, the ultimate impact of this service remains to be seen and will depend on market adoption and customer response.

01/04/2026 Logistics
Read More
Paypal Fee Strategies for Ecommerce Sellers

Paypal Fee Strategies for Ecommerce Sellers

This article provides a detailed analysis of PayPal's fees for receiving payments, withdrawals, and currency conversions. It compares PayPal with alternative third-party settlement platforms like Payoneer and WindPayer, offering cross-border e-commerce sellers suggestions for optimizing their withdrawal strategies. The aim is to reduce transaction costs and improve profitability by highlighting ways to minimize fees associated with international transactions and currency exchange when using PayPal for business purposes.

01/04/2026 International Settlement
Read More