Same-day payments keep climbing: Nacha
Payments Dive
OCTOBER 20, 2023
Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.
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Payments Dive
OCTOBER 20, 2023
Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.
South State Correspondent
MAY 15, 2023
community bank management team. The CLO was lamenting how he was losing quality loans and deposits to three aggressive national banks in the territory. We looked at the term sheet offered by the national bank and pointed out the strategy that this national bank was deploying and how the community bank could respond.
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South State Correspondent
SEPTEMBER 20, 2023
The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.
South State Correspondent
FEBRUARY 18, 2024
We recently reviewed a loan term sheet from a national bank for a $13mm commercial real estate (CRE) loan. This particular national bank has the ability to offer the borrower an interest rate hedge or an on-balance sheet fixed-rate loan. The borrower was provided options on the type of hedge and when to execute.
Abrigo
DECEMBER 18, 2023
Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.
PYMNTS
DECEMBER 9, 2020
In today’s top news, cybersecurity firm FireEye announced that it had been hacked by a suspected nation-state, and PayPal’s iZettle added QR code payments to its POS app in the U.K. Cybersecurity Firm FireEye Hacked By Suspected Nation-State. NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk.
Perficient
MAY 27, 2022
However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. New York’s BitLicense requirement therefore applies to investment managers who issue digital coins or otherwise act as an exchange platform regardless of where the buyers are located.
PYMNTS
JANUARY 15, 2021
EedenBull , which works with payment and spend technology, has a new agreement with National Australia Bank (NAB) in which the bank will let its small- to medium-sized business (SMB) users access EedenBull’s payment and spend platform, according to a report from Finacial IT.
PYMNTS
FEBRUARY 1, 2021
Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. The pandemic has added heat to this fire, driving many firms harder to find quick-to-adopt options for digitizing their AR operations.
PYMNTS
JANUARY 31, 2018
Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. “We 11 may be involved in the breach.
PYMNTS
NOVEMBER 11, 2020
Deutsche Bank has opened a new cash management business in Australia, which will add to its global portfolio, according to a press release. Deutsche Bank now operates a global network of cash management services in 35 locations with 14 in the Asia Pacific, the release stated.
PYMNTS
DECEMBER 7, 2020
British payments firm Paydek has teamed with Thunes , the international payments network, to offer a wider global reach and bolstered payment choices to clients, according to a Monday (Dec. It is anticipated that over 80 further nations are forecast to become part of the payment network of Paydek after the tie-up with Thunes.
PYMNTS
NOVEMBER 28, 2019
India’s Minister of state for electronics and IT (MeitY) has announced that the government is drafting a national framework to expand the deployment of blockchain use cases. Dhotre added that the government is drafting an approach paper on the National Level Blockchain Framework. India has been embracing blockchain technology.
PYMNTS
APRIL 8, 2019
The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard , has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. which focuses on managed healthcare. Mastercard hired Murphy in 2000.
Bank Innovation
APRIL 20, 2018
and the National Bank of Canada (NBC) announced today that they tested a debt insurance simulation on a new blockchain platform. JPMorgan Chase & Co.
PYMNTS
AUGUST 13, 2019
India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said.
PYMNTS
MARCH 29, 2019
Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. The terminals allow customers to pay with credit or debit cards and digital wallet payment options like Apple Pay or Google Pay.
PYMNTS
MARCH 3, 2020
In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.
PYMNTS
OCTOBER 14, 2020
Cambridge Global Payments , a FLEETCOR company working on cross-border payments, has partnered with enterprise blockchain solution Ripple on a cross-border payment solution for B2B customers, according to a press release. This isn't Ripple's first foray into cross-border payments.
PYMNTS
SEPTEMBER 18, 2020
Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. She noted that verifications can also utilize information tied to payment history.
PYMNTS
NOVEMBER 15, 2019
National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. The new accounts have no monthly fee and offer ATM fee reimbursement of up to $15 a month. checking account. .
PYMNTS
DECEMBER 15, 2020
15) said it has wrapped up its previously announced deal to buy eNett, which is a B2B payment solution provider, and Optal, a firm that focuses on optimizing B2B transactions. Anthony Hynes , eNett International’s former managing director and chief executive, will serve as the travel division’s president. said on Tuesday (Dec.
PYMNTS
MARCH 17, 2020
Speed drives innovation, particularly in payments. In this week’s look at payment rails innovation, PYMNTS finds a slew of new markets around the world adopting entirely new payment networks that can support their demand for real-time transactions. Hungary Welcomes Instant Payments. UAE Taps Ripple For Global Payments.
PYMNTS
DECEMBER 21, 2020
PayPal 's Xoom , an international money transfer service, has integrated with NPIL's/NPCI's Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release. In addition, recipients of money transfers will have the option to link several bank accounts and set their default bank account for transactions.
PYMNTS
JULY 16, 2019
Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.
PYMNTS
OCTOBER 10, 2019
Bank of America (BoA) may have hired a treasury product manager to work with Ripple. This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. “The
Bobsguide
OCTOBER 1, 2020
The payments industry must be wary of vulnerable tech builds as cyber threats are predicted increase, according to a director of incident management at the UK National Cyber Security Centre. “From our experience seeing some less mature organisations possibly, one of the things that.
PYMNTS
MARCH 3, 2020
As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. PNC was reportedly the first U.S. bank to use RippleNet’s blockchain network to move money across borders.
PYMNTS
MAY 15, 2019
Welcome to The Axis, your late look at payments news from around the world. Hatton National Bank PLC unveiled the rollout of HNB Solo in Sri Lanka , personal remittances from overseas Filipinos (OFs) are on the rise in the Philippines , and Canadian bank CIBC is launching a new small business platform called CIBC SmartBanking for Business.
South State Correspondent
SEPTEMBER 12, 2019
Payment Innovation When it comes to long-range strategic planning in banking, what to do about payments, should be in the top five considerations up there with treasury management, capital allocation, risk tolerance, and human capital. Below, we highlight our ten considerations when developing a payments strategy.
PYMNTS
OCTOBER 1, 2020
1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. The Belgium-based cooperative said the initiative will enable customers to make faster, easier, predictable and competitively-priced payments worldwide.
PYMNTS
JULY 1, 2020
A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . A so-called “scheme manager” will be the central governing body, the online news service reported.
PYMNTS
OCTOBER 14, 2020
Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. The tool will enable PNC clients to disburse money at speed to their own clients as well as their employees, without having to fall back on legacy payment methods.
PYMNTS
DECEMBER 26, 2018
founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., “According to the FBI, total ransomware payments in the U.S. Will the New Year bring an increase in cyberattacks? According to Robert Ackerman, Jr.,
PYMNTS
MAY 14, 2020
To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries. The SCB payment platform would work with the EMQ network to reportedly provide secure and cost-effective cross-border offerings.
PYMNTS
MAY 27, 2020
To help users manage everyday finances, Samsung Electronics America, Inc. has announced a new mobile-focused money management experience called Samsung Money by SoFi. Users can decide to open an individual or joint cash management account with Samsung Money by SoFi.
PYMNTS
NOVEMBER 4, 2019
PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. The company will leverage Lean Industries’ AdjustmentHub and NetworkHub solutions to manage dispute services. “As
The Paypers
AUGUST 20, 2020
ACI Worldwide , a global provider of digital payment software and solutions, has announced that Sri Lanka’s National Savings Bank (NSB) will leverage its Payments Risk Management.
PYMNTS
AUGUST 22, 2019
PSCU, one of the nation’s premier Credit Union Service Organizations (CUSO), has named two new account management executives, as part of what the company calls its continued commitment to delivering a best-in-class experience, according to a press release.
PYMNTS
NOVEMBER 10, 2020
Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. A Payments Culture Shift. It’s the culture that is changing.”.
Perficient
OCTOBER 12, 2020
We are excited to announce our partnership with Kyriba and dedicated practice to provide our Oracle clients with a robust cloud-based treasury management solution. Payment fraud is now a high-priority concern. Bank connectivity is one of the most complicated aspects of an ERP project.
PYMNTS
OCTOBER 5, 2020
Broadridge Financial Solutions has partnered with Hamburg, Germany-based payments consultancy and supplier PPI in order to launch a joint Payments-as-a-Service (PaaS) initiative to help alleviate payments processing pains, according to a press release.
PYMNTS
JANUARY 12, 2021
In today’s top payments news around the world, Checkout.com has brought its valuation to $15 billion after the closing of a $450 million Series C funding round, while Pakistan has debuted a government-run instant digital payment infrastructure. Pakistan Launches Payment System To Boost Financial Inclusion. Checkout.com, a U.K.-based
American Banker
FEBRUARY 12, 2024
With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.
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