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FV Bank Expands Stablecoin Offering With PayPal USD Conversion Feature

The Fintech Times

FV Bank strengthened its cross-border offering allowing it to provide its global customers with a wider range of deposit options. These include USD, EUR, USDC, USDT, and PYUSD, along with the ability to send 13 different currencies from their USD bank account over its local network or via SWIFT , enabling better treasury management in USD.

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Today In Digital-First Banking: Revolut Clients Get Access To Early Payday Feature; SWIFT gpi Instant Goes Online In UK

PYMNTS

that will offer access to direct deposits a day early, while SWIFT is rolling out a new offering for live international payments and transfers called gpi Instant. that will provide access to direct deposits a day early for its over three million clients. SWIFT gpi Instant Goes Live in the UK.

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Today In Payments: SWIFT gpi Instant Goes Live In The UK; UK Revolut Customers Get Access To Early Payday Option

PYMNTS

In today’s top news, SWIFT launched gpi instant for real-time cross border payments, and Revolut introduced an early payday option for U.K. SWIFT gpi Instant Goes Live In The UK. Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant.

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FinTechs Take On Payment Rail Status Quo

PYMNTS

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. The company has rolled out its service in the U.K.

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Introduction of resolution packs : These packs must include essential documents and information that would facilitate swift action during insolvency, reducing delays in fund distribution to customers. Immediate safeguarding of funds: Firms must ensure that customer funds are directly deposited into safeguarding accounts upon receipt.

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ACH vs. Credit Cards: Comparing Payment Methods

EBizCharge

This payment system is predominantly used for payroll, direct deposits, and bill payments. The credit card payment process includes: Speed and convenience: Swift transactions are suitable for quick, one-time payments. How do ACH payments work? An ACH payment operates through a batching method.

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What Is a Routing Number?

EBizCharge

When you initiate a transaction, such as a direct deposit or a wire transfer, the routing number determines which financial institution should receive the funds. For example, when you deposit a check, your bank uses the routing number to process the check and send it to the correct institution. How do routing numbers work?