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Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice

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Launching next quarter: Bank of America’s global cross-border real-time payments solution will enable corporate, commercial and financial institution clients to send and receive funds instantly via Swift or CashPro®.Built for high-volume, low-value flows such as person-to-person (P2P) and business-to-consumer (B2C) transactions that are expected to increase by 58% and 131%, respectively, by 2032.More speed and transparency: real-time tracking, full-principal delivery and lower costs—aligned to the G20 cross-border payment objectives.

LONDON and NEW YORK and MEXICO and SINGAPORE, June 4, 2026 /PRNewswire/ — Bank of America today announced plans to launch a cross-border real-time payments solution that will enable its corporate, commercial and financial institution clients to send and receive funds instantly through Swift or the bank’s flagship digital platform, CashPro®. The service will offer real‑time payment tracking, full-principal preservation and lower costs.

The service is expected to launch next quarter and will support high‑volume, low‑value international payments. Designed to address rising demand for faster and more transparent global payments, the new capability will support use cases such as international remittances, gig‑worker payouts, and e‑commerce marketplace vendor payments, among others. These P2P and B2C payment flows are expected to increase by 58% and 131%, respectively, by 2032.1

“Around the world, policymakers and financial institutions share a common goal: making cross‑border payments faster, more transparent, more affordable, and more accessible,” said Mark Monaco, head of Global Payments Solutions (GPS) at Bank of America. “This new capability directly supports the G20 payment objectives while giving our clients a scalable, reliable way to move money globally—without adding operational complexity.”

Solution leverages existing real-time networks
The offering will connect to several real‑time payment networks, including SPEI in Mexico, the Faster Payments Service in the United Kingdom, and Unified Payments Interface in India. Clients will also be able to receive inbound real‑time payments into the United States, where Bank of America serves approximately 70 million consumer and small-business clients. Funds will be delivered to beneficiaries in local currency, supporting improved certainty and usability.

Seamless connectivity
Corporate and financial institution clients will be able to access the service via Swift or their existing CashPro connectivity, whether through application programming interfaces (APIs) or host‑to‑host channels. This approach minimizes technical overhead while enabling rapid adoption across client segments.

Additional benefits include:

Payment tracking: Real‑time status visibility and confirmation once funds are credited.Principal preservation: No lifting fees or deductions—the full payment amount reaches the beneficiary.Reduced returns: Pre‑validation of recipient account information to help minimize failed payments.Precision timing: Payments can be initiated at any time, with funds typically delivered within seconds or minutes.

“We designed this solution with simplicity, trust, and scale in mind,” said Daniel Stanton, Payments Product Head in GPS at Bank of America. “By combining established payment rails with real‑time capabilities and seamless integration, we’re giving clients a practical new option for global payments.”

Frequently asked questions

Question: How does Bank of America’s new solution differ from traditional cross‑border payments?
Answer: Traditional cross‑border payments can involve intermediaries and longer settlement times or require costly investments into new technologies. This solution will leverage existing bank connectivity to domestic real‑time payment systems, requiring no investment in new technologies.

Question: What is the G20 cross‑border payments initiative?
Answer: The G20 cross‑border payments initiative, led by the Financial Stability Board (FSB) in collaboration with global standard‑setting bodies, was launched in 2020 to address long‑standing frictions in international payments. The initiative aims to make cross‑border payments faster, cheaper, more transparent and more inclusive, with global targets focused on improving speed, cost, access and transparency by 2027.

Question: What is CashPro?
Answer: CashPro is Bank of America’s digital banking platform for corporate and institutional clients. It provides a single point of access for payments, receivables, liquidity, foreign exchange, investments and trade services, and supports multiple connectivity options—including online, mobile, API and file‑based channels—to help clients manage global treasury operations securely and efficiently.

Question: What role does Bank of America play in global payments?
Answer: Bank of America is a global leader and innovator in payments. The bank helps companies and institutions process more than USD450 trillion in payments annually and invests approximately USD1 billion each year in payments technology.

Question: What is Swift?
Answer: Swift (Society for Worldwide Interbank Financial Telecommunication) is the world’s leading secure financial messaging service, connecting over 11,500 financial institutions and corporates across 200+ countries and territories. It enables, but does not physically move, funds for international transactions, ensuring secure, standardized communication.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Louise Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com

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SOURCE Bank of America Corporation

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DapuStor to Showcase AI Storage Innovations with Global Infrastructure Partners at Tech Week Singapore 2026

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SINGAPORE, Sept. 18, 2026 /PRNewswire/ — DapuStor, an enterprise storage solutions provider, will showcase its latest enterprise SSD technologies alongside four global AI infrastructure partners at Tech Week Singapore 2026, taking place September 29–30 at Marina Bay Sands.

Under the theme “Powering AI Infrastructure Together,” DapuStor will demonstrate how enterprise storage works with data platforms, compute infrastructure, and AI applications to support increasingly data-intensive AI workloads.

The showcase will feature DapuStor’s latest enterprise SSD portfolio, including the 512TB R6060 E2 QLC SSD, J5060 SLC/QLC mixed-mode SSD, R6 liquid-cooled E1.S SSD, and J5 M.2 boot drive SSD. Designed for evolving AI training and inference requirements, the portfolio addresses growing dataset sizes, thermal constraints, storage density, and infrastructure efficiency.

DapuStor will also present a series of joint AI infrastructure showcases with its partners. Together with DDN (DataDirect Networks), DapuStor will demonstrate high-performance enterprise TLC SSDs supporting AI data platforms including DDN Infinia, EXAScaler, and X3M, with a focus on efficient data access and movement at scale.

With Ubitus, DapuStor will showcase an integrated AI infrastructure solution combining scalable GPU computing with enterprise storage for AI training and inference. Together with ExponTech, DapuStor will highlight AI-oriented storage for KV Cache, RAG, training, and inference workloads.

DapuStor will also showcase enterprise NVMe storage alongside platforms from a leading global server technology provider, highlighting scalable compute and storage infrastructure for AI and cloud deployments.

Beyond the exhibition, DapuStor will participate in two conference sessions. On September 29 at 3:35 p.m. SGT, John Li, VP of Marketing and Operations at DapuStor, will join the panel “AI Sovereignty in Asia Pacific – Navigating Strategy, Policy, and Control.”

On September 30 at 12:45 p.m. SGT, DapuStor and DDN will jointly present “Powering AI Infrastructure with High-Performance Storage” at the Cloud & AI Infrastructure Keynote Theatre, sharing perspectives on scalable, production-ready AI infrastructure.

Visitors can meet DapuStor and explore the joint showcases at Booth 5-I45, Level 5, Marina Bay Sands, Singapore, September 29–30.

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SOURCE DapuStor

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Xinhua Finance: Robotics Contest Highlights Chongqing District’s Push Into Embodied AI

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National competition in Shapingba District draws more than 100 teams developing robotics technologies for real-world deployment

CHONGQING, China, Sept. 18, 2026 /PRNewswire/ — A national robotics competition held this month in Chongqing offered a look at China’s efforts to move embodied artificial intelligence out of research laboratories and into commercial use.

The finals of the 11th “Maker in China” SME Innovation and Entrepreneurship Contest for Intelligent Biomimetic Robots concluded Sept. 11 in Chongqing’s Shapingba District. The three-day national competition drew more than 100 teams from across China, with projects spanning biomimetic robotics, industrial automation and AI systems designed to perceive and interact with the physical world. 

Alongside the competition, organizers arranged meetings involving companies, universities and research institutions, as well as discussions aimed at technology transfer, financing and local deployment. The event formed part of a national program intended to support innovative SMEs with specialized technologies. Its theme was “Pushing Tech Frontiers, Unleashing Creativity.”

The competition comprised 13 tracks, covering work ranging from foundational research to systems approaching commercial deployment. Teams in the startup category competed in three broad areas: cutting-edge technologies, core enabling technologies and specialized applications. Their projects focused in part on the hardware, software and control systems underpinning the next generation of robots.

Teams in the enterprise category, by contrast, tested systems designed for real-world use in the electric power, healthcare and service sectors. The emphasis was on whether the technologies could perform reliably in operating environments and be scaled for broader deployment.

Many of the entries targeted technical bottlenecks that have limited the wider deployment of robotic systems. Projects included multi-robot coordination and task-scheduling systems for warehouses; assistive exoskeletons for older adults and rehabilitation patients; biomimetic robots for inspecting electric power infrastructure; miniature hummingbird-inspired flapping-wing drones; and robots capable of folding clothing autonomously. Together, the projects illustrated the range of engineering approaches Chinese developers are pursuing as they seek practical applications for embodied AI.

The competition also served as a venue for financing and business-development discussions, and several participating projects announced plans to establish operations in Shapingba. At the closing ceremony, the Shapingba District government signed letters of intent with SIASUN Robot & Automation Co., Ltd. and Chentu Technology, among other companies. ZTE also signed letters of intent with teams from Zhejiang University and Xi’an Jiaotong University.

Shapingba is seeking to establish itself as a center for embodied AI within Chongqing’s broader robotics supply chain. The value of the district’s robotics output rose 233% from a year earlier during the first seven months of 2026, according to local government data.

 

 

 

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SOURCE Xinhua Finance

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Peoplevine Secures Multi-Million-Dollar Growth Investment to Accelerate AI-Powered Hospitality

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Investment from Recurring Capital Partners will accelerate Peoplevine’s AI roadmap, payments infrastructure and global expansion across private clubs and luxury hospitality.

CHICAGO, Sept. 18, 2026 /PRNewswire-PRWeb/ — Peoplevine, the Guest & Member Experience CRM for hospitality, today announced a multi-million-dollar growth capital investment from Recurring Capital Partners (RCP). The investment will accelerate Peoplevine’s AI-driven product roadmap, payments infrastructure and continued global expansion across private clubs and luxury hospitality.

“Hospitality has always been about remembering people, who they are, what they value and what makes them feel known. AI gives us an entirely new way to unlock it.” Boren Novakovic, CEO, Peoplevine

For hospitality operators in more than 20 countries, Peoplevine helps deepen guest and member relationships through a living profile, connecting identity, membership, preferences, payments, reservations, visits and experiences to make hospitality more personal.

Peoplevine is investing in AI capabilities designed to make the depth of guest and member context within its platform dramatically easier for operators to surface, understand and act on, turning the living profile into intelligence, personalization and action.

“Hospitality has always been about remembering people, who they are, what they value and what makes them feel known,” said Boren Novakovic, CEO of Peoplevine. “For more than 12 years, our technology has helped clients build those relationships, and the living profile gives operators that memory at scale. AI gives us an entirely new way to unlock it. This investment allows us to accelerate that vision and help our customers create more personal, more intelligent hospitality around the world.”

Peoplevine’s Guest & Member Experience CRM helps private clubs, hotels, resorts, stadiums, restaurants and other membership-driven hospitality operators manage the guest and member relationship across its lifecycle.

“The opportunity isn’t simply to add AI features to the interface,” said Jordan Gilman, CTO and Co-Founder of Peoplevine. “It’s to make the depth already inside Peoplevine more accessible and actionable. When intelligence can securely reason across the living profile, operators can move from searching for information to understanding what matters, identifying opportunities and taking action. We’re building toward a system of identity and intelligence that puts the full context of the guest and member relationship to work.”

The investment will also support Peoplevine’s continued international expansion, extending the company’s platform and support capabilities to private clubs and luxury hospitality operators in new global markets.

“Peoplevine has a proven track record of driving growth through innovation in the private club and hospitality market,” said Brian Henley, Managing Partner at Recurring Capital Partners. “Peoplevine is exactly the kind of high-growth, capital-efficient company we’re excited to support, led by a proven management team. We look forward to fueling their continued success and innovation.”

About Peoplevine

Peoplevine is the Guest & Member Experience CRM for hospitality, purpose-built for private clubs, hotels, resorts, stadiums, restaurants and other membership-driven hospitality businesses.

Peoplevine helps operators acquire, check in, engage, retain and grow guest and member relationships through a connected living profile that brings together identity, membership, engagement, transactions and experiences.

For more than 12 years, Peoplevine has helped hospitality businesses create more connected and personalized experiences and today serves customers across 20 countries.

Peoplevine integrates with leading hospitality platforms across property management, point of sale, reservations, payments and other critical systems.

For more information, visit Peoplevine.com.

About Recurring Capital Partners

Recurring Capital Partners provides growth capital to SaaS technology companies. Combining deep operating experience with startup finance expertise, the firm partners with founders and management teams to accelerate growth, manage business and personal risk, and help capital-efficient software businesses scale.

Media Contact

Chris Lindsey, Peoplevine, 1 7734160841, chris@peoplevine.com, www.peoplevine.com

View original content:https://www.prweb.com/releases/peoplevine-secures-multi-million-dollar-growth-investment-to-accelerate-ai-powered-hospitality-302883594.html

SOURCE Peoplevine

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