Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Corpay Cross-Border Using Blockchain Technology to Facilitate Client FX Conversions

Facilitates client FX conversions using Kinexys by J.P. Morgan’s Blockchain

Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business can facilitate client foreign exchange (FX) conversions using J.P. Morgan’s Kinexys Digital Payments blockchain.

Kinexys Digital Payments is a payment rail powering near real-time1 value transfer using commercial bank money, offered through Kinexys by J.P. Morgan, the firm’s blockchain business unit.

Through Kinexys Digital Payments, Corpay Cross-Border can extend their trading hours for their global client base and provide speed of settlement not possible on traditional fiat FX rails without a significant lockup of liquidity. A recent use case saw a UK-based Corpay Cross-Border client receive USD and book an FX trade to convert and pay to their GBP account in the UK, after the market close on a Friday evening. The trade settled within minutes, and the client received GBP in their account via the UK Faster Payments network.

“We are extremely excited about this technology both from an internal Treasury liquidity use case, and a client experience perspective,” said Paul Bregg, Treasurer, Corpay Cross-Border Solutions. “Our clients now have access to greatly expanded trading hours, along with incredibly fast settlement times, less than 30 seconds in most cases. In addition, from an internal Treasury perspective, this technology greatly reduces settlement risk and settlement times between counterparties.”

"We are pleased to support Corpay and their clients in unlocking new capabilities and efficiencies in cross-border and cross-currency transactions, through the power of blockchain technology,” said Zack Chestnut, Global Head of Business Development for Kinexys Digital Payments. “By providing clients access to a 24/7, frictionless FX market, we are empowering new business flows and assisting treasurers in redefining business processes and optimizing working capital management.”

Since inception, the Kinexys platform has processed in excess of $1.5 trillion in notional value2, an average of more than $2 billion3 daily in transaction volume. Payments transactions have grown by 10x year-over-year4.

About Corpay

Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.

Corpay – Payments made easy. To learn more visit www.corpay.com.

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.

1 Transfers on the network are completed on a 24/7/365 and same day basis. Moving funds to and from the network from traditional Demand Deposit Accounts on legacy systems to Blockchain Deposit Accounts has a three-hour downtime over the weekend (3-6 p.m. EST every Saturday). Enhancement is under development.

2 Cumulative transactions (USD) across Kinexys products since inception

3 JPMC proprietary data, 2024 (https://www.jpmorgan.com/kinexys/index)

4 Based on Jan-Aug 2023 vs 2024 YoY transactions volume attributed to growth driven by Kinexys Digital Payments

Contacts

Corpay Contact:

Brad Loder

Chief Marketing Officer

Corpay Cross-Border Solutions

+1 (647) 627-6635

brad.loder@corpay.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.