Payments Source

AUGUST 13, 2018

s payments systems, the new Image Clearing System is in the process of being phased in. are connecting their various deposit channels into the central infrastructure, a process which will be completed by the end of 2018. As part of the modernization of the U.K.’s All banks and building societies across the U.K.

Check Clearing

Bank Automation

MARCH 15, 2024

Digital Grasshopper Bank will roll out an improved check-clearing process this year to streamline the time between depositing a check and gaining access to the funds.

Checks

PYMNTS

APRIL 8, 2020

— banks do not typically get involved in the intricacies of the customer’s business processes and are usually only involved in posting transactions that need to be done,” Latiff explained in a recent interview with PYMNTS. This is where APIs change the ball game. Making Money Move.

API

PYMNTS

AUGUST 8, 2019

The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s s path toward faster, digital payments.

FedNow

PYMNTS

JANUARY 3, 2020

As “instant” educates the educated, families will have less to worry about when the kids go off to college (“did the tuition check clear yet?”). Also, and more importantly, real-time financial aid disbursements to students will remove much anxiety from the process.

Faster Payments

FloQast

NOVEMBER 27, 2023

There’s no room for “close enough”; it’s about rigorous internal checks, clear documentation, and full disclosure. Implementing and maintaining effective internal controls is the heart of this process. Public companies, under Section 404, need to keep their financial reporting game strong.

Compliance

Nanonets

SEPTEMBER 28, 2023

ACH is an automated clearing house that processes electronic payments and is typically used for payroll and other bill payments. Once you have set up ACH payments, you won't have to worry about writing checks or making sure that you have the correct amount of cash on hand. ​ 3. Create an account.

Wire Transfer