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Account-to-Account Payments: The New Banking Disruptor?

Segpay

Pay by bank transactions, also known as bank transfers, account to account (A2A) or direct bank payments are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through open banking. The post Account-to-Account Payments: The New Banking Disruptor?

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Worldline moves into account-to-account payment market

Finextra

Worldline is seeking to futher diversify its payment offerings with the launch of account-to-account payment services across ten European markets.

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Proposed Bill Could Allow Police to Restrict Bank Accounts of Potential Scam Victims

Fintech News

When a restriction is issued, it will by default apply to accounts with the seven Domestic Systemically Important Banks (D-SIBs) in Singapore – DBS, OCBC, UOB, Citibank, HSBC, Maybank, and Standard Chartered. However, it can also apply to accounts with non-D-SIBs if there is reason to believe those accounts are involved in the scam.

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Accounting Through the Ages: From Accountant to NHL Goaltender

FloQast

On March 29, 2018, Scott Foster, then a senior financial accountant from suburban Chicago, found himself achieving a childhood dream in perhaps the most unlikely way possible. in the Spring of 2018, Scott Foster was about to become the most famous accountant in the universe. A Legendary Performance “I’m an accountant by day.

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Upcoming Shared Responsibility Framework Will Protect Minor’s Bank Accounts

Fintech News

Gan Kim Yong He clarified that bank accounts for minors can only be opened by parents, either as joint accounts or accounts solely in the child’s name. Such accounts aim to instill financial management skills in children while providing a controlled environment.

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HSBC Launches New Cross-Border Virtual Account Solution for Banks

Fintech Finance

HSBC have launched a new cross border e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account. Merchants can therefore access their funds more quickly and without additional cost.

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OCBC Officially Launches Bank Account for Children and Teens

Fintech News

OCBC Bank has officially launched a new bank account designed specifically for children and teenagers aged 7 to 15. The OCBC MyOwn Account allows young people to manage their finances through the OCBC app, with parental controls in place. OCBC aims to open 100,000 MyOwn Accounts within the next year. But there must be balance.