PYMNTS

JULY 20, 2018

Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to officials. Financial Times reported that Mastercard, which powers the Faster Payments system through its Vocalink unit, had experienced a separate outage last week. local time.

Funds Transfer 40

Funds Transfer Faster Payments Credit Transaction Visa 40

Clearly Payments

FEBRUARY 8, 2024

Payment Networks: Major payment networks such as Visa, Mastercard, and the Automated Clearing House (ACH) Network also play significant roles in regulating payment transactions. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.

Regulations 87

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87

Fintech News

MAY 23, 2024

The RBI restricted Paytm Payments Bank from accepting new deposits and conducting credit transactions after February 29, 2024, after the bank failed to comply with regulatory requirements despite repeated warnings. The digital bank offers savings and time deposit accounts with interest rates up to 6.50% per annum.

Online and Mobile Banking 129

Online and Mobile Banking Treasury Non-Bank Finance 129