The Fintech Times

JULY 17, 2024

The Saudi Central Bank (SAMA) has introduced Naqd – a government banking services platform – to provide government agencies with a secure and efficient platform for managing financial transactions.

Governance 59

Governance Government Transactions Central Bank 59

PYMNTS

MARCH 1, 2017

“API technology allows Citi to offer a variety of services in a dramatically different way,” Sultan continued, “and over time Citi will also offer additional functionality, including service inquiries, account management and liquidity services.”. Across every industry, APIs are proving to have significant business impact.”.

API 78

API Payment APIs and Integration Treasury On-Demand 78

Fintech News

JULY 3, 2024

Each Agribank Digital machine is equipped with the functions of a banking transaction office such as identification, registration of biometric information, account opening and card issuance, electronic banking services, loan application, and financial transactions. of adults having a bank account.

Finance 117

Finance Online and Mobile Banking Micro-Entry Non-Bank 117

PYMNTS

JUNE 25, 2020

One can indeed expect some announcements on electronic banking and Orange Bank in August.”. The telecom group’s banking division has a partnership with Wirecard to process mobile payments with Google Pay and Apple Pay, the news service reported. The banks later said the deposits were never made.

Audit 82

Audit PayPal Payments Caps 82

PYMNTS

SEPTEMBER 17, 2020

In today’s top news in digital-first banking, SWIFT has announced that its international platform will be updated to let financial institutions (FIs) provide instant transactions, and VSoft has rolled out its new Bread merchant services network. Instead, funds are moved directly from a sender to a receiver’s account once a Bread user pays.

SWIFT 52

SWIFT RTP Cross-Border Payment Networks 52

PYMNTS

MAY 3, 2020

Roughly 11,000 “friends and family” customers will now have a minimum of two months’ notice before their accounts are closed, Rose said, referring to Bó. “Bó The demise of Bó collides with other high-profile firms that didn’t work out in the battle among big banks and digital-only challengers.

Contactless Payments 72

Contactless Payments Electronic Banking Authentication Rules 72

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. This is pretty much similar to the service that PayPal offers.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

PYMNTS

OCTOBER 7, 2020

“We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said. Against that backdrop, legacy systems at FIs lack core underlying designs that take into account best practices.

Process 91

Process Payments Money Laundering Non-Bank 91

Payment Savvy

NOVEMBER 8, 2022

Barely a couple of decades ago, there were just a few options available for transferring money from one account to another, but the rise of internet banking has given way to a bunch of different services with different names, processes, fees, and waiting times.

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

Fintech News

MAY 23, 2024

To determine the best banks of 2024 from Asia and elsewhere, participants assessed banks where they currently have or had a checking or savings account within the past three years, or were familiar with through family or friends. Personal Banking offers accounts, savings, cards, and loans to retail customers. #3

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

PYMNTS

JANUARY 4, 2019

Among the biggest banks in the country, amid the push toward instant payments, are OTP Bank, Belgian KBC Groep and Austrian Erste Group Bank. GIRO said the new system will allow bank transfers to be done across mobile phone numbers, which should provide alternatives to 24-digit bank account numbers.

Instant Payments 67

Instant Payments Funds Transfer Online and Mobile Banking Payments 67

PYMNTS

SEPTEMBER 20, 2018

Businesses are more satisfied with ACH payments, electronic bank transfers and even credit cards than they are with checks for sending and receiving B2B payments. About 81 percent use credit cards, for instance, while 41 percent prefer settling accounts with ePayables technology, just to name a couple.

B2B 49

B2B Innovation Finance Real Time Payments 49

The Payments Association

MARCH 19, 2025

We continued the evolution from cash to cards by around the 1950s with the Diners Club credit card, the 1970s brought the ATM, and the 80s and 90s (along with fantastic style choices, haircuts and music) saw electronic banking starting to make an appearance.

Push-to-Card 88

Push-to-Card AI Bitcoin Blockchain 88

PYMNTS

JANUARY 7, 2020

Lawmakers in New York have proposed a public electronic banking system that would essentially function like payment service Venmo, with the purpose of including more people in the economy in an attempt to stimulate growth, according to Vice.

Venmo 52

Venmo Electronic Banking Central Bank Laws 52

PYMNTS

DECEMBER 18, 2019

. “As Africa ‘s global bank, we are delighted to open up a fresh opportunity for real-time money transfer in partnership with TerraPay. This is another huge step in improving access to financial services for our customers across the globe,” said Sampson Aneke, group head of transaction and electronic banking for UBA Group.

Cross-Border 52

Cross-Border Cross-Border Payments International Payments Electronic Banking 52

PYMNTS

JANUARY 26, 2018

Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,

Close Processes 47

Close Processes Innovation FinTech Accounts 47

Clearly Payments

MARCH 4, 2024

From the Target data breach that compromised millions of customer accounts to the collapse of Wirecard AG following revelations of accounting fraud, these fraud events serve as stark reminders of the vulnerabilities within payment systems. Over 40 million credit and debit card accounts compromised. billion ($2.1 billion).

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. Card Network: The credit card network sends the transaction details to the issuing bank (the customer’s bank) for authorization.

Process 59

Process Processors Online and Mobile Banking Payments 59

EBizCharge

MAY 15, 2024

Funds Transfer: After authorization, the funds are transferred from the buyer’s account to the seller’s account through the chosen payment method. Record Keeping: Finally, both parties maintain records of the transaction for accounting and auditing purposes.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

JANUARY 2, 2019

NBK now delivers customers greater transparency and traceability in cross-border transactions, which facilitates better communication and reconciliation for the bank’s customers.”. In The Philippines , UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts, according to reports.

SWIFT 49

SWIFT Cross-Border Payee Funds Transfer 49

PYMNTS

DECEMBER 13, 2017

Corporate users can customize their dashboards for quick access to data on accounts, balances, transactions and other areas of corporate finance. Treasury Link has also integrated cash flow management, fraud and authentication capabilities, while its electronic payment service supports domestic and cross-border wire and ACH payments.

Cash Management 42

Cash Management Treasury Cross-Border Wires 42

PYMNTS

JULY 18, 2017

Different algorithms within the decision flow help to reduce time to customer decision like electronic bank statement data parsing models.”. Finally, the completed agreement goes to the customer for review and digital signature, and the funds typically appear in their bank account within 24 hours.

Underwriting 58

Underwriting Verification Payment APIs and Integration Credit Risk 58

Payment Savvy

DECEMBER 11, 2023

What Is ACH Bank Transfer?: ACH transfers are electronic, bank-to-bank money transfers processed through the ACH network. This network serves as a batch-processing system, allowing banks and financial institutions to aggregate and process these transactions efficiently. What Are The Benefits of ACH Transfers?

ACH 52

ACH Wire Transfer Direct Deposit Wires 52

Payment Savvy

NOVEMBER 14, 2022

If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. As an eCheck comes in an electronic format, it requires fewer steps to process it.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

PYMNTS

AUGUST 3, 2016

The event, sponsored by American Express, focused on the ways health care organizations can manage the exit of paper, manual-based accounts payable processes and progress into digital B2B payments. The latest soapbox to do so was Becker’s Hospital Review ‘s 7th Annual Meeting held last month.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

JULY 26, 2017

Under the new rule, financial institutions will need to give FinTechs, retail merchants and other companies access to consumer financial data to complete a transaction, or may need to display information from a range of bank accounts on one screen. But, as Egner noted, the bill isn’t without controversy.

Regulations 44

Regulations Credential FinTech Credit Union 44

PYMNTS

APRIL 1, 2016

Bank, for instance, has just rolled out the small business version of its mobile app to facilitate mobile deposit of checks. A tool that allows users to snap a picture of a paper check with their smartphone and deposit it into a bank account — without ever having to visit a bank branch — is becoming commonplace for consumers.

B2B 41

B2B Online and Mobile Banking Mobile Deposit Checks 41

Stax

MAY 7, 2024

Miscellaneous fees – These are fees charged for additional services, such as statement fees, account set-up fees, and batch fees. How to Lower Credit Card Processing Fees Most small businesses prioritize finding credit card solutions that won’t dent their accounts. The best thing is that processing fees aren’t always fixed.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Ikajo

NOVEMBER 2, 2023

They play a vital role in facilitating various payment methods, such as credit or debit card transactions, digital wallet transfers, mobile payments, and electronic bank transfers. The processor then completes the transaction, and funds are settled from the customer’s bank to the merchant’s account.

Process 52

Process Processors Payment Gateways Payments 52

Fintech Labs Insights

JANUARY 5, 2017

ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET). You can also follow all the alumni news headlines on the Finovate Twitter account. Mitek partners with the American Cancer Society, supporting mobile fundraising with its mobile deposit and MiSnap technology.

Mobile Deposit 16

Mobile Deposit Electronic Banking Posting Accounts 16

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero.

Commercial Card 42

Commercial Card Online and Mobile Banking Payments Payer 42

PYMNTS

JANUARY 10, 2019

B2C disbursements account for more than 3.5 As of May 2018, over 85,297,000 million taxpayers have received faster federal tax refunds via direct bank deposits into bank accounts through electronic bank transfers. Further evidence of that comes from the new PYMNTS Disbursements Tracker.

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

Evolve Payment

JANUARY 21, 2025

With Evolve Payment and Biller Genie, integrating ACH payments into your accounting program for your business is seamless, offering complete system integration and consolidated reporting for easy management. Biller Genies RDC automates invoice closing and transaction journal entries via an integration with your accounting software.

ACH 52

ACH RDC Remote Deposit Capture Innovation 52