The Payments Association

FEBRUARY 10, 2025

The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.

IBAN 88

IBAN AML Master Account Due Diligence 88

PYMNTS

FEBRUARY 15, 2017

. “It eliminates the need to set up banking relationships in multiple currencies and countries, thereby enabling FX and payments businesses to offer a more tailored service to their customers.” Saxo’s clients set up a master account linked to the Banking Circle platform, then issue a master IBAN.

IBAN 40

IBAN Global Payments Cross-Border Cross-Border Payments 40

PYMNTS

APRIL 19, 2018

Multi-currency account provider Centtrip is introducing a way for corporates to make and receive faster cross-border payments. based company, which provides global payments, foreign exchange (FX) and banking services, announced its real-time payments solution on Wednesday (April 18).

Real Time Payments 40

Real Time Payments Cross-Border Payments Multi-Currency Cross-Border 40

PYMNTS

JUNE 7, 2018

Among these is the London-based FinTech Centtrip , which provides global payments, treasury and FX services to business clients. PYMNTS recently caught up with Brian Jamieson, the company’s co-founder and CEO, to discuss its new service enabling clients to make real-time, in-network payments.

Multi-Currency 46

Multi-Currency Master Account Reconciliation Multifactor Authentication 46

The Payments Association

MARCH 18, 2025

If realised, such changes could also have wider implications for the global payments ecosystem, particularly in areas where crypto and traditional finance intersect. One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88