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Highnote and BVNK Join Forces to Make Instant Program Fund Transfers Using Stablecoins

The Fintech Times

Program funds can now be transferred using stablecoins , automatically converted to US dollars, and deposited in sponsor bank accounts in real-time, even on nights, weekends, or holidays. The post Highnote and BVNK Join Forces to Make Instant Program Fund Transfers Using Stablecoins appeared first on The Fintech Times.

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Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less

Fintech Finance

Visa , a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

To achieve this, the PoC focused on three key processes: issuance, redemption, and fund transfers. The implementation of a decentralised fund transfer process further optimised liquidity management, enabling real-time transactions validated by distributed nodes.

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First International Bank & Trust (FIBT) Named Service Bank for Raisin as Global Fintech Becomes First to Integrate with Kotapay’s Kavinu™ Platform

Fintech Finance

With the conversion of service bank responsibilities to FIBT, Raisin now accesses a variety of cloud-based microservices to processes fund transfers between external accounts and the 80+ banks and credit unions on the Raisin marketplace, as well as perform critical risk management and compliance functions.

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Visa Direct to Accelerate Fund Transfers to Under a Minute by 2025

The Fintech Times

Additionally, Visa Direct supports immediate fund transfers to a broad network, reaching 99 per cent of US bank accounts and connecting to over 11 billion endpoints globally, including cards, accounts and digital wallets. The FPC promotes diverse perspectives and collaboration to address barriers to faster payments.

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The GENIUS Act Passes: 4 Things This Means for Banks and Fintechs

Finovate

The GENIUS Act, however, offers both banks and fintechs a clearer legal framework to issue and use stablecoins since it outlines requirements for licensing, reserves, and oversight. This method of funds transfer won’t rely on traditional rails like ACH, wires, or even FedNow.

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PayDo Releases Team Members Feature for Business Accounts

Fintech Finance

Approval Workflows : Enable junior team members to request fund transfers that require review and approval by senior staff. Real-World Use Case Imagine a large eCommerce business with separate teams handling customer support, vendor payouts, and treasury operations.