EBizCharge

DECEMBER 3, 2024

Since managing credit card transactions can be complex, understanding how their settlements work is essential to maintaining financial health as consumer spending rises. Credit card settlements involve various processes and parties that ensure transactions are accurately recorded and funds are transferred.

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Credit Cards Settlement Finance Issuers 52

Fintech News

OCTOBER 23, 2024

Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement.

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Cross-Border Payments Cross-Border Settlement Real Time Payments 130

The Fintech Times

JULY 29, 2024

In light of this, Dubai Land Department (DLD) has successfully completed 647 real estate settlements using Oqoodi, the digital platform navigating land and property disputes. billion in H1’24, showcasing the safe and reliable ability of DLD to document agreements.

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Settlement Disputes Legal Support Legal 59

Electronic Payments Coalition

MARCH 26, 2024

EPC STATEMENT: WASHINGTON – Electronic Payments Coalition (EPC) Executive Chairman Richard Hunt issued the following statement regarding the impact the interchange lawsuit agreement between U.S. Congress should put an end to the ill-advised Durbin-Marshall mandates and let the agreement merchants reached stand on its own.”

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Agreements Payment Networks Settlement Credit Cards 52

Payments Source

JULY 19, 2019

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.

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Federal Trade Commission Data Breach Settlement Breach 81

Finextra

SEPTEMBER 19, 2024

Nasdaq: SSNC) today announced a definitive agreement to acquire Battea-Class Action Services, LLC, a market-leading provider of securities class action claims management and settlement recovery services. SS&C Technologies Holdings, Inc.

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Settlement Acquirers Processors Agreements 52

NFCW

JANUARY 23, 2024

To apply fair, objective, transparent, and non-discriminatory eligibility criteria to grant NFC access to third-party mobile wallet app developers, who will have to conclude an ADP license agreement to have access. EU calls for feedback on proposed settlement with Apple over NFC chip access was written by Sarah Clark and published by NFCW.

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Settlement CHIPS API Interoperability 70

Fintech Finance

MARCH 26, 2024

After nearly 20 years of litigation, Visa (NYSE: V) today announced it has agreed to a landmark settlement with U.S. The settlement also provides updates to several key network rules giving merchants more choice in how they accept digital payments. The agreement’s multi-year benefits for businesses include: Lower interchange rates.

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Settlement Caps Small Business Agreements 52

The Fintech Times

DECEMBER 6, 2023

RTGS.global, a settlement company focused on enhancing cross-border payments, is celebrating a significant milestone with the successful completion of an inaugural instant settlement cross-border transaction via its global network.

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Cross-Border Settlement Cross-Border Settlement Cross-Border Payments 59

Fintech Finance

MAY 29, 2024

Worldline already works closely with Banque Raiffeisen, providing services including Clearing and Settlement of SEPA Credit Transfers, Issuing Processing and ATM Acquiring. With this new agreement, Worldline will provide the bank with the means to send and receive instant payments as mandated by the EU’s Instant Payments Regulation.

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Instant Payments Agreements Process Payment APIs and Integration 52

The Fintech Times

MARCH 30, 2024

But if the settlement is approved, merchants will be able to change the rates they charge for all cards, instead of basing it on the credit card network alone. “The measures in this settlement that allow for more surcharging and greater competition could lead to swipe fee reductions well beyond just what is mandated.

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Settlement Credit Cards Visa Consumer 59

PYMNTS

JANUARY 24, 2019

The settlement, which is the largest against a retail pharmacy under the Qui Tam whistleblower provision of the False Claims Act (FCA), enables Walgreens to resolve allegations that it purposely defrauded the U.S. ” In addition, Baker will receive 21 percent of the amount recovered by the government.

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Settlement Governance Government Agreements 54

PYMNTS

APRIL 18, 2019

The estimate is based on Qualcomm’s guidance that states it estimates an increase of $2 per share after the settlement. The settlement comes after a jury in federal court in San Diego last month sided with Qualcomm in its long-running patent court battle with Apple.

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Settlement Disputes CHIPS Legal 54

Fintech News

NOVEMBER 6, 2024

The agreement allows FOMO Pay to streamline USD payments by leveraging BNY’s direct clearing capabilities, global reach, and expertise to improve the speed and efficiency of cross-border transactions. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.

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Multi-Currency Cross-Border APACS Financial Inclusion 98

Fintech Finance

OCTOBER 16, 2024

As a result of the agreement, Trust Payments will become MG’s preferred acquirer. Our clients can gain great leverage such as: Reliable Payment Processing: Robust money transfer transaction processes with real-time transaction reporting and data insights Fast Conversion & Settlement: Quick merchant conversions and settlements with 99.9%

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Cross-Border Payments Cross-Border Payments Settlement 105

Fintech Finance

OCTOBER 23, 2024

As part of the partnership, Emirates NBD will join the Partior network, becoming the first regional and UAE Dirham, Saudi Riyal and Indian Rupee settlement bank on the platform. Morgan, Standard Chartered, Temasek, and Peak XV.

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Cross-Border Cross-Border Payments Settlement Real Time Payments 94

Nanonets

NOVEMBER 19, 2023

Settlement of invoices isn’t simply about paying off a bill. The key is ensuring the invoice settlement process is done correctly and efficiently. This article will guide you through the fundamental aspects of invoice settlement and provide practical tips to help you settle an invoice properly.

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Settlement Disputes Payment APIs and Integration Accounts 52

PYMNTS

APRIL 21, 2017

Wells Fargo & Company announced Friday (April 21) it is expanding its class-action settlement over its fake account scandal to include any customers who were impacted by sales practice issues as early as May 2002. The bank said it expects the revised settlement will resolve claims in 11 other pending class-action lawsuits.

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Settlement Agreements Enrollments Accounts 40

Fintech Finance

OCTOBER 15, 2024

RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.

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Cross-Border Liquidity Management Cross-Border Payments Correspondent Bank 98

PYMNTS

OCTOBER 7, 2020

For Big Tech, the bleeding may come from cuts, here and there, targeting individual agreements and operations. As noted by The Wall Street Journal and other sites, the statements came after a settlement between the EU and chipmaking giant Broadcom.

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Settlement Agreements Rules CHIPS 52

Fintech News

JULY 14, 2024

This collaboration aims to improve the efficiency and speed of global fund settlements by leveraging BNP Paribas’ infrastructure and Ant International’s blockchain technology, advanced encryption, and AI capabilities.

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Cross-Border Payments Cross-Border Treasury Management Treasury 122

PYMNTS

JUNE 28, 2018

More than a decade after merchants brought a class-action suit against Mastercard , Visa and card-issuing banks in 2005, a settlement between the parties is reportedly in the works. District Court for the Eastern District of New York that they had come to a settlement. But an appeals court had invalidated the settlement.

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Settlement Visa Rules Credit Cards 44

The Paypers

JUNE 13, 2022

FIS and French banking group Société Générale has signed an extended agreement, selecting the fintech for the strategic transformation of its derivatives clearing and settlement technology.

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Settlement Agreements FinTech Technology 28

PYMNTS

APRIL 9, 2020

While Sweden continues to use its national currency, the Swedish krona, rather than the euro, the nation has recently signed an agreement with the European Central Bank (ECB) to facilitate real-time electronic payment settlement in krona using Europe’sTARGET Instant Payment Settlement (TIPS) payments infrastructure.

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Payment APIs and Integration Central Bank SWIFT FinTech 83

Fintech Finance

JUNE 17, 2024

The Nium Airline Payments Solution (NAP) provides an alternative to travel agent card transactions, using a private network of trusted UATP authorization rails and bank transfers to offer lower costs, simplified reconciliation, and faster settlement.

Payments 97

Payments Settlement Reconciliation Real Time Payments 97

PYMNTS

JULY 26, 2019

The Department of Justice (DOJ) said on Friday (July 26) that it has come to an agreement on the merger between Sprint and T-Mobile , which is worth $26 billion, according to a report by CNBC. The Dish agreement, he went on, would make it a “disruptive force in wireless.”. The merger won’t be completed until that case is finalized.

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Agreements Treasury Settlement Economy 46

PYMNTS

APRIL 3, 2020

The agreement allows the ECB to offer Sweden access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) in Swedish currency to support the nation’s instant payment service, the agency announced on Friday (April 3). The deal between ECB, the Eurosystem and Sveriges Riksbank will take effect in 2022. “In

Real Time Payments 75

Real Time Payments Central Bank Instant Payments Agreements 75

Fintech Review

JUNE 25, 2024

Smart Contracts: Automating Financial Agreements Smart contracts represent a pivotal advancement facilitated by blockchain technology. These self-executing contracts enable automated verification, execution, and enforcement of agreements without intermediaries.

Blockchain 95

Blockchain Technology Innovation Cross-Border 95

Payments Source

DECEMBER 16, 2019

Fresh off a public offering and shopping boost, Alibaba Group has entered into an agreement with Commercial Bank of China (ICBC) to build digital finance services in areas such as cross-border finance and electronic payment settlement.

Cross-Border 64

Cross-Border Caps Settlement Agreements 64

PYMNTS

SEPTEMBER 7, 2018

Insurance settlements have long been processed by legacy payment methods and often entail lengthy processing times — pain points which often keep customers from quickly accessing the funds. Unfortunately, it’s rarely so simple. Around The Disbursements World .

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Settlement Online and Mobile Banking Checks Process 43

PYMNTS

FEBRUARY 21, 2020

The complaints said from June 2015 to May 2018 “Aaron’s, Buddy’s, and Rent-A-Center each entered into anti-competitive reciprocal agreements with each other and other competitors. These agreements swapped customer contracts from rent-to-own, or RTO, stores in various local markets.

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FTC Federal Trade Commission Agreements Settlement 64

PYMNTS

MARCH 1, 2018

The companies said in a release that under the terms of the agreement with Ripple , Cambridge — which processes more than $20 billion in B2B cross-border payments annually, across 13,000 business clients — will pilot using XRP (the digital asset of the XRP ledger) across payment flows through Ripple’s xRapid solution.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Settlement Payments 76

PYMNTS

DECEMBER 15, 2020

“Contemporaneously with the completion of the acquisition, WEX and the former shareholders of eNett and Optal have agreed to a full and final settlement of the litigation pending in the English courts relating to the previously announced purchase agreement,” WEX said in the announcement.

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B2B Payments Settlement Adjustments 101

PYMNTS

JUNE 26, 2020

Securities and Exchange Commission (SEC) settlement over an unsuccessful token offering, Coindesk reported. The individual, along with the NAC Foundation and associates, also allegedly “made statements that falsely stated and implied that the NAC Foundation had reached or was about to finalize agreements with various government agencies.”.

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Money Laundering AML Bitcoin Cryptocurrency 103

PYMNTS

JULY 5, 2020

Ripple’s goal is to establish a blockchain-based, much faster settlement time for payments, as opposed to having them go through an older system like that of SWIFT. Derivative Path CEO and co-founder Pradeep Bhatia said the agreement would be useful for banks in need of a platform for FX and payments management.

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B2B Cross-Border Cross-Border Payments Payments 103

PYMNTS

APRIL 25, 2016

We believe the settlement we have been able to negotiate … provides significant benefits – both monetary and non-monetary – that will improve the work lives of the drivers and justifies this compromise result.”. .” In early April, a judge in the Golden State ruled that a $12.25

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Settlement Regulations CHIPS Procedures 40

PYMNTS

FEBRUARY 11, 2020

Blockchain startup Clear is embracing distributed ledger technology to facilitate high-volume B2B transactions, with a focus on the telecommunications sector, a market in which telco partners must exchange a high volume of payments and data while ensuring compliance to complex agreements between each other. In the U.K.,

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B2B Same Day ACH NACHA ACH 89