YL GP 1

[Title of Your Report]

Authors: [Insert group members’ full names here]

Executive Summary

[Delete this placeholder surrounded by square brackets and insert one paragraph here to summarize your report.] 

Introduction

[Delete this placeholder surrounded by square brackets and insert your introduction here. 

Give an overview of the cross-border payments and your report. Please explain:

· What is cross-border payment?

· When and who will need cross-border payments?

· Compared to payments within the same countries, what are the unique characteristics and challenges for cross-border payments?

· The sections and organization of your report] 

Platform Description

[Delete this placeholder surrounded by square brackets and insert your case description here.

In this section, you will introduce the three payment platforms you chose in detail. Please  create a table  with the following information for all three platforms:

· the names of the platforms 

· all countries supported

· all currencies supported

· currency converting features

In addition to the table, please elaborate on the above aspects in paragraphs. Please also elaborate on the following for each platform:

· how does the platform work?

· how will businesses use the platform? What steps are needed to set up the cross-border payments?

· what is the customer and technical support availability?

· how popular are the platforms (in the form of market share, active users)?

For this section,  at least two trustworthy sources per platform  (e.g., official websites of the payment platform) are required. The sources need to be cited in  APA format (please click on the link for more information). Both in text citations and a reference list are required. The sources should be relevant and support your statements.] 

Platform Comparison

[Delete this placeholder surrounded by square brackets and insert your case evaluation here.

UnVRap is particularly interested in the cross-border payment processing between Canada and United States, as well as Canada and Europe. In this section,  please compare the platforms in more detail with specific focus on Canada, United States, and Europe (at least one European country). 

Please create a comparison table with the following information:

· the names of the platforms

· forms of payments supported (e.g., check, credit card)

· supports for recurring payments

· cost of payment processing (cross-border Canada-US, Canada-Europe)

· speed of payment processing (cross-border Canada-US, Canada-Europe)

· security features

· regulatory compliance with Canada, US, and Europe

For each of the aspects above, please elaborate and describe the details in texts. In particular, please pay attention to the regulatory compliance and comment on how the platforms meet the regulatory requirements.

After describing the above aspects, please comment on:

· the major advantages and disadvantages for each platform.

· what implications do the advantages and disadvantages have for UnVRap, which is a Canada-based company adopting a subscription model.] 

Conclusions and Recommendations

[Delete this placeholder surrounded by square brackets and insert your conclusion here.

Please conclude your main findings and make recommendations for UnVRap. Please comment on:

· Which platform is the most suitable for UnVRap? 

· Why is it the most suitable? Please elaborate.

· Why are other platforms less suitable? Please elaborate]

Discussion

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In your discussions, please comment on the current cross-border payment processing practices:

· How are cross-border payments typically handled in today’s world?

· What are the most critical factors business should consider when setting up cross-border payments?

· What are the common shared challenges across platforms?

· What created these common shared challenges? And what may be some possible solutions?] 

References

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