Remove Addressing Remove Wire Remove Wires
article thumbnail

MAS Fines Five Payment Firms S$960,000 Over AML/CFT Control Failures

Fintech News

Remsea received the largest fine of S$280,000 for breaches between August 2020 and August 2023, including failing to obtain customer residential addresses, check for beneficial ownership, verify representatives’ authority, and include required information in cross-border wire transfers.

AML 66
article thumbnail

Unlocking Instant Inbound Payments: Cross River Launches Request for Payment Solution

Trade Credit & Liquidity Management

This innovation addresses a longstanding imbalance in money movement: while outbound payments have become nearly instantaneous, incoming payments have typically relied on slower methods like ACH and wire transfers, which are limited by batch processing and banking hours.

article thumbnail

Introducing the Paytiko GrowthHub: The future of payment technology

The Payments Association

In addition to jurisdictional data, risk levels, and business size compatibility, providers are mapped by type, including credit cards, alternative payment methods (APMs), wire transfers, and cryptocurrency. Each automation, report, and feature is designed to address a genuine issue that merchants encounter.

article thumbnail

OpusDatum launches new WTR Knowledge Hub to transform global compliance landscape

The Payments Association

Introduced in May 2025, this pioneering platform marks a significant advancement in helping financial institutions and fintech firms navigate the complex regulatory environment surrounding international wire transfers.

article thumbnail

Cross River Unveils Request-for-Payment for Real-Time Pay-Ins

The Fintech Times

The RfP capability aims to address delays in inbound payments, which often rely on traditional ACH and wire transfers. Cross River , a banking infrastructure provider, has launched Request-for-Payment (RfP) on the RTP® network, with fintech platform Plaid as the first user enabling instant pay-ins for online used car seller Carvana.

article thumbnail

NetSuite Payment Methods: The Collection Tools That Actually Work

EBizCharge

Wire transfers: Wire transfers are a reliable method for large sums or international payments in NetSuite since they offer fast and secure transactions, making them ideal for businesses dealing with significant volumes. EFTs reduce the need for physical checks, speeding up payable processes and improving cash flow.

article thumbnail

PrimeXBT Expands Payment Methods Integrating Neteller and SWIFT

Fintech Review

Castries, Saint Lucia, April 7th, 2025, FinanceWire PrimeXBT , a regulated multi-asset broker, has integrated Neteller, a globally recognized e-wallet provider, and SWIFT, a leading wire transfer network, to provide secure and flexible payment options to traders worldwide.

SWIFT 52