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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Why is it important? What’s next?

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Numisma Bank starts operations backed by SAP Fioneer Cloud for Banking

Fintech Review

Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. Connecticut) chartered and regulated bank with direct access to the Federal Reserve System including master account and cash services.

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Business Travel Company Ayruu and Edenred Payment Solutions Revolutionise Travel Expenses With Embedded Payments

Fintech Finance

The all-in-one business travel company, Ayruu and Edenred Payment Solutions to provide virtual cards in its workflow, to make paying suppliers and travel partners easier across France and Europe. Using Edenred Payment Solutions, Ayruu can streamline its B2B payments, eliminating the need for manual check processing or wire transfers.

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Nucleus Software Offers Real-Time Banking Tech For Corporates

PYMNTS

Nucleus, which works in the field of lending and transaction banking, introduced the new service to help banks open virtual accounts for corporate customers. launched this week, will allow for the expansion of the virtual banks, which can replace real current accounts and transfer payments to a linked master account.

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The Future Of Payments Beyond The Pandemic

PYMNTS

Any sudden shock to the system like we have observed with the pandemic exposes both vulnerabilities and opportunities, especially for payments. Payments are going to really exist in the context of our behaviors, of our expectations, of our norms, how we’re conducting the rest of our lives,” said Bottomline’s Eberle.

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Saxo Launches IBAN Service For Global Payments

PYMNTS

Saxo Payments is looking to ease friction in cross-border payments through the launch of an IBAN service, the company said this week. Doing so, Saxo explained in its announcement , means end users won’t have to have their own multiple bank accounts across jurisdictions. According to Tuesday (Feb.

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Nexus Explores Unexpected Challenges Of Faster Supplier Payments

PYMNTS

Late and delayed supplier payments are often discussed as a problem that can plague any industry. Faster supplier payments do not necessarily mean that accounts payable processes are working as efficiently as they could and should be, however.

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