PYMNTS

JUNE 15, 2020

The Beijing-based giant with a valuation of $75 billion is competing for one of five electronic banking licences to be issued by the Monetary Authority of Singapore , the nation’s central bank and financial regulatory agency, by year’s end, the report said.

Electronic Banking 107

Electronic Banking Central Bank Consulting Authorization 107

PYMNTS

OCTOBER 7, 2020

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said.

Process 91

Process Payments Money Laundering Non-Bank 91

PYMNTS

JANUARY 22, 2020

Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter.

eWallet 54

eWallet Online and Mobile Banking Void Non-Bank 54

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 provides an additional layer of security.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

PYMNTS

JANUARY 5, 2017

ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service.

Fraud Prevention 40

Fraud Prevention Risk Management Interoperability Electronic Banking 40

Fintech News

MAY 23, 2024

Corporate Banking offers financial products and services to corporations, government agencies, and financial institutions, including corporate loans, trade financing, deposit services, wealth management, financial consulting, cash management, remittance, settlement, custody, and guarantee services. #6

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

Stax

MAY 7, 2024

Average transaction size As we’ve seen, the processing fees charged by card-issuing banks and brands are a combination of a percentage and a fixed fee for every transaction. For example, a healthcare consultant specializing in emergency care and complex surgeries is likely to have a higher average transaction size.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88