Neopay

AUGUST 22, 2024

European banks have expressed “serious concerns” regarding the UK Payment Systems Regulator’s (PSR) plan to cap interchange fees on cross-border digital transactions. They warn that the proposed cap could lead to losses on transactions due to the increased costs associated with digital wallets like Apple Pay and Google Pay.

Caps 52

Caps Online and Mobile Banking Cross-Border Consulting 52

Fintech News

JULY 17, 2024

In July, MariBank raised its cap for individual savings accounts to S$75,000 from S$5,000, following a similar move by rival GXS Bank. This suggested a possible easing of the S$50 million deposit cap initially imposed by the Monetary Authority of Singapore (MAS), although MAS has not confirmed this publicly.

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Caps Central Bank Advisors Authorization 109

PYMNTS

NOVEMBER 8, 2020

Among problems cited by the SBA, according to WSJ, were forged companies getting money; companies getting money even though their payrolls exceeded the 500-worker cap that applied in most instances; and companies getting money even though they were prohibited to do so because of pre-existing debts to the government.

Money Laundering 108

Money Laundering Payroll Treasury Financial Crimes 108

PYMNTS

OCTOBER 14, 2020

The central bank of Russia is seeking to place a yearly cap on the amount of cryptocurrency that retail investors can purchase, CoinDesk reported. However, investors who are considered to be qualified would not have to adhere to the cap. Silbert is the founder and CEO of the Digital Currency Group, which is the parent of Grayscale.

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Caps Bitcoin Digital Currency Central Bank 56

PYMNTS

APRIL 29, 2020

The Treasury Department, for its part, is feverishly seeking to find a method to get hundreds of millions in funds from large companies that applied for the loans and attained them under the original terms of the program, The New York Times reported. Fiesta has a market cap in excess of $205 million. Treasury Guidance.

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Treasury Returns Small Business Caps 58

The Payments Association

APRIL 22, 2025

Today, RLUSD is being used in the payment flow with select customers, including cross-border payment providers BKK Forex and iSend ,to improve their cross-border treasury operations. We’re seeing the market cap continue to grow, outpacing our internal projections. Access liquidity for remittance and treasury operations.

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Cross-Border Payments Cross-Border Stablecoins Treasury 88

PYMNTS

JULY 30, 2020

The government initially delivered EIP funds in one of two ways: Consumers who had up-to-date direct deposit details on file with the Department of the Treasury could accept stimulus money straight into their accounts, while others had to wait for paper checks to arrive in the mail. The Five-Month Gap. A Switch to Debit.

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Treasury Debit Card Direct Deposit Checks 57

PYMNTS

NOVEMBER 14, 2018

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Same Day ACH Liquidity Management 78

PYMNTS

JULY 12, 2020

Department of the Treasury and the Federal Reserve gave hope to small- to medium-sized businesses (SMBs) with the announcement of the Main Street Lending Program. But the launch of the program was delayed over disagreements between the Fed and the Treasury, The Wall Street Journal (WSJ) reported. More than three months ago, the U.S.

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Fed Treasury Federal Reserve Compromise 60

PYMNTS

APRIL 3, 2020

Department of the Treasury is reminding lenders to be on the lookout for fraud as the coronavirus grips the nation. Bancorp, was warned by colleagues and regulators that capping the number of alerts was dangerous and ill-advised. Investigators found that automated transaction monitoring software U.S.

Fincen 56

Fincen BSA Crime Financial Crimes 56

PYMNTS

FEBRUARY 15, 2018

Department of the Treasury, with the remaining amount satisfied by payments from the DOJ’s actions. Bank chose to manipulate their software to cap the number of suspicious activity alerts rather than to increase capacity to comply with anti-money laundering laws,” said FinCEN Director Kenneth A. Bank to the U.S.

Money Laundering 43

Money Laundering Fincen Office of the Comptroller of the Currency Settlement 43

The Fintech Times

DECEMBER 19, 2023

However, recent reviews, including the Woolard Review and the His Majesty’s Treasury Review , prompted a re-evaluation of the existing regulatory stance. This regulatory framework allowed BNPL services to thrive, resulting in a surge in their usage. The reviews identified important learnings and raised concerns that required addressing.

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BNPL Regulations Finance Consumer Protection 113

PYMNTS

MAY 15, 2020

Treasury have issued, and refined, a raft of guidelines that determine who is eligible, who is not … and what happens to companies that should not have gotten those loans – notably, public companies – arguably at the expense of smaller firms that desperately needed the financial lifeline. The Small Business Administration (SBA) and U.S.

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Returns Caps Correspondent Small Business 53

PYMNTS

SEPTEMBER 29, 2020

Treasury Secretary Steven Mnuchin are still trying to iron out the details of a compromise coronavirus stimulus plan. With just 36 days until the presidential election, House Speaker Nancy Pelosi (D-California) and U.S. CNBC reported Pelosi and Mnuchin spoke for 50 minutes Tuesday morning (Sept.

Returns 57

Returns Compromise Caps Payroll 57

PYMNTS

MAY 13, 2020

Tea brands need to make payments for everything from bottle caps and tea leaves to café repairs. Treasury department staff cannot quickly access financial data that depends on employees sifting through paper documents, for example. For more on these and the rest of the latest AP automation headlines, download the Tracker.

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Automation B2B Caps Process 79

PYMNTS

JUNE 4, 2020

While Congress dedicated nearly $700 billion for the PPP, there essentially will not be a cap on the program, per comments from Fed Chair Jerome Powell. The Federal Reserve, as well as The Treasury, would just increase the amount of resources available.

Fed 52

Fed Federal Reserve Non-Bank Caps 52

PYMNTS

APRIL 28, 2019

There is a good amount of talent here and we want to maintain that,” said one person briefed on Treasury thinking in the Financial Times report. The discussions are just beginning, but the Treasury is in favour of the status quo.”. with tuition capped and students eligible for loans underwritten by the government.

Treasury 43

Treasury Underwriting Caps Governance 43

Fintech Finance

JULY 4, 2024

To fix this HM Treasury announced its intention to publish a National Payments Vision and Strategy in the Summer of 2024. The letter will be delivered following today’s election, when the position has been filled, and will highlight the payments community’s priorities for the sector.

Scams 75

Scams Payments Interoperability Governance 75

PYMNTS

MARCH 6, 2018

The Asset reported news on Monday (March 5) that its initial review of chief financial officers (CFOs), part of its ongoing Treasury Review 2018 initiative, found service quality to be the number one recommendation for treasurers and CFOs when choosing a financial services provider with cash management services.

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AFP Cash Management Treasury Liquidity Management 43

The Fintech Times

JUNE 10, 2024

However, the Payments Association and some of its members argue that this cap could harm smaller payment providers. In May, they wrote to the British Economic Secretary to the Treasury, Bim Afolami, advocating for a lower cap of £30,000, which aligns more closely with the average APP fraud loss.

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Rules Payments Caps Non-Bank 59

PYMNTS

APRIL 3, 2020

The loan terms are for two years at 1 percent – not exactly cheap in a world where the yield on the two-year Treasury note is about 20 basis points. (We In addition, banks can impose their own thresholds on loans – that $10 million is a cap, after all. The community banks are starting to lend, in what seems to be at least a trickle.

Small Business 56

Small Business Payroll Treasury Caps 56

PYMNTS

MARCH 4, 2020

Wells Fargo To Offer Bank Accounts With Capped Overdraft Fees. HSBC On The Next Phase Of Treasury APIs. Wells Fargo debuted two new bank accounts that set limits on the amount of fees that can be charged to customers.

Acquirers 52

Acquirers API Payments Caps 52

Fintech Review

SEPTEMBER 23, 2024

Token Supply and Distribution The total supply of $MATRIX is capped at 10 billion tokens, with 164,525,000 tokens circulating immediately following the TGE.

AI 52

AI Use Case Governance Government 52

PYMNTS

JANUARY 16, 2020

The language is not explicitly tied to recent activities from the Treasury Department (and specifically mandated by the Foreign Investment Risk Review Modernization Act passed by Congress in 2018).

Agreements 53

Agreements Cross-Border Caps Payments 53

Fintech Review

SEPTEMBER 20, 2024

For example, if Catizen airdrops 10 million $CATI to Mantle game users, 990 million $CATI of the 1 billion on Mantle Network will enter the locking contract, while 10 million $CATI of the 1 billion on TON will enter the locking contract to ensure that the total circulation on both chains remains capped at 1 billion.

Web 3.0 52

Web 3.0 Bots Blockchain Treasury 52

The Fintech Times

MAY 16, 2024

We are also seeing an increase in the tokenisation of real-world assets from fractionalised real estate ( Parcl ), treasury bonds ( Ondo ), and even airplane tickets ( Flybondi ).” The market cap of stablecoins reached new levels, underscoring their growing significance.

Innovation 80

Innovation Blockchain Bitcoin Stablecoins 80

The Fintech Times

OCTOBER 26, 2024

Twenty-three per cent are calling for an increase in the LISA property purchase price cap in line with current house price growth. However, the government has not updated the product rule since its introduction in 2017, leading to FTBs calling for measures to futureproof the product.

Government 59

Government Governance Addressing Rules 59

The Payments Association

MAY 16, 2025

The PSR is weighing whether to reintroduce caps or impose disclosure requirements, in what could become one of the most financially significant regulatory changes for online merchants with international customers. Assess how stablecoin acceptance will affect treasury management and FX exposure. to 1.15% for debit and from 0.3%

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

MARCH 18, 2020

During a White House press conference Tuesday, (March 17), Treasury Secretary Steven Mnuchin told reporters of the administration’s intention to get relief funds into consumers’ hands as quickly as possible. Government relief is reportedly on the way. We’re looking at sending checks to Americans immediately.

Checks 73

Checks Governance Government Counterfeit Check 73

PYMNTS

JULY 2, 2018

By way of background, and as noted in this space late last year, in some overtures germane to the financial markets, Finance Minister Zhu Guangyao said foreign stakes in financial companies can increase upon the official lifting of caps, eyeing eventual elimination. Those policies are less restrictive than some observers had anticipated.

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Blocks Caps Treasury Continuity 40

PYMNTS

JUNE 18, 2019

” That sentiment was echoed by Citizens Bank Head of Treasury Solutions Michael Cummins in a recent interview with Forbes. he added, and the current transaction cap of $25,000 could stunt corporate uptake of the tool. ” The path toward real-time payments is in its early stages in the U.S.,

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

Global Fintech & Digital Assets

FEBRUARY 13, 2024

By Simon Hawkins and Adrian Fong On 8 February 2024, the Financial Services and the Treasury Bureau (FSTB) released a consultation paper on its legislative proposal to introduce a regulatory regime governing over-the-counter (OTC) trading of virtual assets (VA) in Hong Kong (Consultation Paper).

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Regulations Money Laundering Consulting Stablecoins 59

PYMNTS

APRIL 7, 2020

Although Treasury Secretary and architect of the massive stimulus package Steven Mnuchin worked hard to reassure SMB owners that despite difficulties in applying to the program on the first day, saying per NBC , “They shouldn’t worry about it. banking system which used to processing and distributing those funds.

Payroll 57

Payroll Push-to-Card Rules Credit Cards 57

PYMNTS

MAY 24, 2017

The new rates come in roughly 70 basis points higher, as posted by the Treasury Department last week, equating to the roughly 20 percent boost. There are caps in place, as Congress has mandated that interest rates on undergrad loans have to top out at 8.25. percent, which is a far sight higher than the 3.76 percent.

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Fed Laws Governance Government 40

PYMNTS

NOVEMBER 8, 2017

While there are no volume limits, there are caps on both consumer and business transactions of $26,000, according to FIS. Another high-ranking faster payments system, Express ELIXIR in Poland, similarly supports B2B payments. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

MARCH 30, 2020

times their average annual monthly compensation — for all employees and independent contractors on the payroll earning less than $100,000 a year — up to a cap. Treasury Secretary Steve Mnuchin said Sunday (March 29) on Face the Nation that any SMB that has laid-off workers should hire them back, and that help is on the way.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

The Fintech Times

MARCH 30, 2024

percentage points for a minimum of three years, and to cap them at the same level seen at the end of 2023 for five years – subject to approval by the US District Court for the Eastern District of New York. Interchange rates, set by the two payment giants, generally sit between two to four per cent of each transaction total. .”

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Credit Cards Settlement Visa Consumer 59