Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

The Fintech Times

OCTOBER 23, 2024

According to Checkout.com data, total payment volumes for remittances and money transfers in MENA grew six-fold between January and December 2023, and the introduction of Account Fund Transfers (AFT) has fundamentally changed how remittances are processed.

Facilitators 72

Facilitators Government Governance Digital Payments 72

Fintech Finance

APRIL 15, 2025

PayPal , a global digital payments and commerce platform, today announced a strategic partnership with TerraPay , a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa.

Cross-Border Payments 59

Cross-Border Payments Cross-Border PayPal Funds Transfer 59

EBizCharge

JUNE 3, 2024

With the introduction of electronic funds transfers (EFTs), gone are the days of paper checks and manual money handling. What is an electronic funds transfer (EFT)? An electronic funds transfer , or EFT, is a core pillar of modern banking and transactions.

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

Fintech Finance

JUNE 10, 2025

Deutsche Bank will be the first German bank to facilitate Ant International’s blockchain based real-time treasury management platform to enable real-time fund transfers between Ant International’s intragroup entities. This will enable more efficient and transparent global treasury management for Ant.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Payment Solutions Treasury Management 52

Clearly Payments

JANUARY 23, 2024

Whether you’re dealing with routine bills, processing paychecks, or handling high-stakes international transfers, understanding the nuances of electronic fund transfers (EFTs) is crucial. When it comes to electronic payments, two major players stand out in the United States: ACH transfers and wire transfers.

Wire Transfer 104

Wire Transfer Wires Wire ACH 104

Fintech News

MARCH 18, 2024

Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipa y to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. As global economic activities continue to recover, demand for cross-border payments will only increase.

Visa 117

Visa Cross-Border Payments Cross-Border Security 117

Fintech News

AUGUST 5, 2024

China, Singapore’s largest trading partner, facilitated nearly S$80 billion in imports in 2023. The new CNY remittance corridor by YouBiz aims to streamline fund transfers from Singapore to China, offering a cheaper, more secure, and convenient alternative to traditional methods.

Multi-Currency 109

Multi-Currency Cross-Border Payments Cross-Border Funds Transfer 109

Fintech News

MARCH 27, 2024

The collaboration between Paysend, that specialises in international fund transfers, and Currencycloud, which facilitates business in a multicurrency environment, will enhance the former’s foreign exchange and treasury operations.

Cross-Border 109

Cross-Border SWIFT Funds Transfer Facilitators 109

Fintech Finance

FEBRUARY 29, 2024

Nium , the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA). “We are very excited about Nium’s attainment of the Japan Type 1 license.

Funds Transfer 52

Funds Transfer Cross-Border Cross-Border Payments Security 52

The Fintech Times

JUNE 11, 2025

Now, Deutsche Bank will be the first German bank to facilitate Ant International’s blockchain-based real-time treasury management platform to enable real-time fund transfers between Ant International’s intragroup entities. This will enable more efficient and transparent global treasury management for Ant.

Cross-Border Payments 45

Cross-Border Payments Cross-Border Treasury Management Treasury 45

The Fintech Times

NOVEMBER 6, 2024

It aims to enable more efficient funds transfer via Purpose Bound Money (PBM) when inbound tourists use Alipay+ payment partner apps for payments at GrabPay merchants in Singapore. ” The post Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments appeared first on The Fintech Times.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

The Fintech Times

MARCH 9, 2024

Wert , a payment solution provider facilitating fiat payments in the Web3 space, has broadened its card acceptance capabilities in collaboration with payment processor Worldpay , encompassing the inclusion of JCB, American Express, and Discover cards within its integrated payment system.

Electronic Funds Transfer (EFT) 114

Electronic Funds Transfer (EFT) NFTs Funds Transfer Facilitators 114

EBizCharge

NOVEMBER 12, 2024

A fundamental element that every business leader should be well-versed in is the merchant account — a critical service that facilitates electronic payments. Merchant accounts act as intermediaries between businesses and payment networks, facilitating the secure transfer of funds from customers to your account.

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

The Fintech Times

NOVEMBER 7, 2024

We take a look at how fintech could play a role in facilitating this. A key feature of the Favara system is the concept of the Favara ID, enabling users to create personalised and easily memorable credentials for fund transfers. This development promises to reshape the way transactions are conducted in the country.

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

Fintech Finance

JULY 9, 2024

Amadeus, a global leader in the travel tech industry, launched Outpayce last year as a standalone entity to evolve its travel payments business, facilitating B2B payments to the travel industry. Last year, Amadeus processed more than $160 billion in payments amongst its customer-bases worldwide.

B2B 98

B2B Multi-Currency Embedded Finance Funds Transfer 98

Fintech Finance

MAY 22, 2025

dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, has announced a strategic partnership with Panda Remit, a global remittance provider facilitating fast and cost-effective international money transfers.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Payment Solutions Alternative Payment Methods 96

PYMNTS

JUNE 23, 2020

In Hong Kong, HSBC introduced an application programming interface (API) to facilitate real-time direct debit for their corporate customers. The Bank of Thailand is readying to commence work on new infrastructure aimed at streamlining financial transactions for the business sector, it recently announced.

Federal Reserve 106

Federal Reserve RTP Payment APIs and Integration Fed 106

Global Fintech & Digital Assets

DECEMBER 18, 2023

General use would therefore encompass most forms of person-to-person (P2P) and consumer-merchant fund transfers by or on behalf of a consumer to another US-based person for personal, family, or household purposes. Importantly, the proposal specifically states that the covered person does not actually need to ever hold the funds.

CFPB 75

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

PYMNTS

APRIL 30, 2020

National Institutional Facilitation Technologies (NIFT) has announced a partnership with B2B FinTech Haball for a new contextual railroad to help boost B2B payments in Pakistan, according to a press release.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

The Payments Association

MAY 9, 2025

As financial crime evolves, correspondent banks must prioritise wire transfer transparency to meet global regulations and safeguard the financial system. Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

Stax

MARCH 6, 2025

Mobile wallets and in-app payments Mobile wallets facilitate in-store and online transactions without cash or physical cards. Once confirmed, the funds transfer directly from the customers crypto wallet to the merchants wallet. Accessible via digital invoices or from the merchants app. billion users worldwide.

Contactless Payments 88

Contactless Payments Online and Mobile Banking Encryption CHIPS 88

Fintech Finance

JUNE 25, 2024

The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers.

Central Bank 90

Central Bank Security Cross-Border Acquirers 90

PYMNTS

DECEMBER 15, 2020

In B2B payments, added Visa Direct Vice President of Global Segments and Market Development Tim Summers , businesses don't care exactly how funds get from Point A to Point B, but the rails that facilitate the movement of funds must do so seamlessly. Fabrick, Nets Collaborate On Instant Payments.

Innovation 94

Innovation Cross-Border Payments Cross-Border Real Time Payments 94

Stax

JULY 9, 2024

The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. EFT payments are fast.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

NOVEMBER 9, 2022

An Electronic Funds Transfer (EFT) is the movement of money electronically from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

Fintech Finance

OCTOBER 21, 2024

Wise also became one of the first international financial services companies to receive a Type 1 Funds Transfer Provider licence, allowing the removal of the 1 million JPY per transfer limit, enabling larger transaction volumes.

Cross-Border 98

Cross-Border Global Payments Cross-Border Payments Multi-Currency 98

Clearly Payments

DECEMBER 18, 2023

The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory. payment landscape: Real-time Payments: Services like Zelle and The Clearing House RTP system are gaining traction for their swift and convenient fund transfers.

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

Fintech Finance

FEBRUARY 28, 2024

In a groundbreaking partnership, Eazy Financial Services “EazyPay” , a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa , a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Funds Transfer Payment Gateways Cross-Border 52

Fintech News

APRIL 28, 2024

The collaboration aims facilitate seamless, real-time cross-border transfers between Indonesia and other countries. TOPOS RemiNet is an open remittance network leveraging blockchain technology to facilitate fast and cost-effective cross-border payments, enhancing global financial inclusivity.

Payment APIs and Integration 117

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 117

Payment Savvy

JUNE 18, 2020

According to analysts, in 2012, it was observed that SWIFT facilitated up to $6 trillion per day. However, contrary to what most people think, SWIFT does not do any of the fund transfers. Earlier, during the ear of World War II, Telex facilitated the formal way to send and receive data. In 2015, more than 6.1

SWIFT 52

SWIFT Funds Transfer Facilitators Correspondent Bank 52

Stax

MARCH 18, 2025

A payment processing system is a technology that facilitates the secure transfer of funds from a customer to a merchant. The processor facilitates the transaction by communicating with the payment gateway, issuing bank, and acquiring bank. Talk to sales What is a Payment Processing System?

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

PYMNTS

JANUARY 4, 2019

Separately, UCPB , a lender based in the Philippines, has introduced a money transfer service between banks, allowing for instant fund transfers. Verdict reported that the new service, known as InstaPay, can let customers transfer funds to a limit of 50,000 PHP ($951.48

Instant Payments 67

Instant Payments Funds Transfer Online and Mobile Banking Payments 67

Faster Payments Council

MAY 17, 2021

RTP technology facilitates payments across all payment categories, including business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B), peer-to-peer (P2P), government-to-citizen (G2C), and account-to-account (A2A) transactions. Current status of RTP adoptions around the world How RTP is used? Why RTP is used?

RTP 88

RTP G2C C2B Use Case 88

Clearly Payments

MARCH 18, 2024

In recognizing the significance of FedNow, we attain a comprehensive understanding of the ongoing enhancements in digital cash transfers across the nation. It facilitates instantaneous fund transfers between bank accounts, operating seamlessly 24/7/365. billion transactions.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

DECEMBER 9, 2019

The solution is an electronic funds transfer (EFT) payment tool built on top of R3’s Corda blockchain platform, and which integrates CULedger’s MyCUID decentralized identity technology to incorporate security, data exchange and value exchange in a single solution. credit union and an international credit union.”

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54