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The Journey of Payments and Clearing Systems in India

Finextra

Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. This democratized electronic fund transfers for individuals and small businesses. Please read our Privacy Policy.

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Real-Time Payments and the Future of Cross-Border Transactions: What Businesses Need to Know

Finextra

Businesses can now enjoy instant fund transfers, better cash flow management, and improved transparency. With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. We use cookies to help us to deliver our services. Please read our Privacy Policy.

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Deep Dive: Mastercard’s Shift - From Plastic to Platforms

Finextra

Mastercard operates one of the world’s fastest payment processing networks, acting as the intermediary for electronic funds transfers on debit, credit, and prepaid cards. In essence, it provides the rails and rules that allow money to move securely between parties worldwide. We use cookies to help us to deliver our services.

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As Federal Checks Disappear, Banks Face Surge in ACH Payments and Rising Fraud Risks

Finextra

In fiscal year 2023, approximately 96.45% of Treasury disbursements were made via electronic funds transfer, or EFT, compared to just 3.55% by paper check. New ACH Rules Expand Liability Adding to these challenges, NACHA’s revised ACH Rules, which take effect in March 2026, will expand the liability of receiving banks (RDFIs).

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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

ACH Bank-to-bank transfers, like direct deposit or bill pay. EFT (Electronic Funds Transfer) Same as ACH, used more often in Canada. EFT (Electronic Funds Transfer) Used in Canada for bank transfers. Settlement Delay Canadian merchants often get funds in 12 business day U.S.A.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

It’s like a direct deposit from one account to another, but unlike wire transfers, they are not subject to a fee by the processing banks. A customer authorizes these electronic payments by indicating it’s their preferred payment method for recurring bill payments or other essential funds transfers such as an annual tax payment.

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Finovate Global: Talking Fintech Regulation in the European Union with EverC’s Maya Shabi

Finovate

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. What makes the EU AI Act stand out is its risk-based approach.