PYMNTS

JUNE 15, 2020

The Beijing-based giant with a valuation of $75 billion is competing for one of five electronic banking licences to be issued by the Monetary Authority of Singapore , the nation’s central bank and financial regulatory agency, by year’s end, the report said.

Electronic Banking 107

Electronic Banking Central Bank Consulting Authorization 107

PYMNTS

MARCH 3, 2020

The Bank of Khartoum, Qatar National Bank and United Capital Bank (Bank Almal) have all gotten approval to start using the systems, and they’ll get started in about three weeks, according to the head of electronic banking services (EBS) at Sudan’s central bank, Omar Amrabi.

Financial Inclusion 67

Financial Inclusion Electronic Banking Payments Central Bank 67

PYMNTS

MAY 3, 2020

The demise of Bó collides with other high-profile firms that didn’t work out in the battle among big banks and digital-only challengers. Bó was first launched by RBS in September 2018 to address the increasing popularity of newer electronic banks like Monzo, Revolut and Starling.

Contactless Payments 72

Contactless Payments Electronic Banking Authentication Rules 72

PYMNTS

JUNE 25, 2020

One can indeed expect some announcements on electronic banking and Orange Bank in August.”. The telecom group’s banking division has a partnership with Wirecard to process mobile payments with Google Pay and Apple Pay, the news service reported.

Audit 82

Audit PayPal Payments Caps 82

PYMNTS

JUNE 12, 2020

Last week, a PYMNTS report titled “Digital Payments in a Digital World,” showed how electronic banking has become the new constant. Ovo and Dana see digital payments as a key way to add customers and offer them a number of financial products to make the companies profitable, Bloomberg reported.

Point-of-Sale (POS) 64

Point-of-Sale (POS) FinTech Online and Mobile Banking Digital Payments 64

PYMNTS

JULY 15, 2019

Samsung Electronics; banks KEB Hana Bank and Woori Bank ; telecom companies SK Telecom , LG Uplus and KT ; and Koscom , an IT service subsidiary from the Korea Exchange, are all part of the group.

Blockchain 76

Blockchain Electronic Banking Authentication Process 76

PYMNTS

JANUARY 7, 2020

Lawmakers in New York have proposed a public electronic banking system that would essentially function like payment service Venmo, with the purpose of including more people in the economy in an attempt to stimulate growth, according to Vice.

Venmo 52

Venmo Electronic Banking Central Bank Laws 52

The Paypers

MAY 31, 2017

(The Paypers) Gemalto has teamed up with KNET , Kuwait’s national Shared Electronic Banking Service Company, to strengthen online transaction security in the country.

Transactions 28

Transactions Security Electronic Banking 28

The Paypers

MARCH 10, 2017

(The Paypers) Future participants in EBA CLEARING instant payment infrastructure service will be able to use, in addition to SIANet , the Electronic Banking Internet Communication Standard (EBICS).

Electronic Banking 28

Electronic Banking Instant Payments Participant Payments 28

The Paypers

JANUARY 6, 2017

(The Paypers) The Shared Electronic Banking Services Company (KNET) in Kuwait has expanded its relationship with ACI Worldwide and will leverage its payments risk management solution to boost fraud protection.

Electronic Banking 28

Electronic Banking Risk Management Payments Risk 28

PYMNTS

OCTOBER 7, 2020

We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said. McGill noted that payment schemes such as SEPA are marked by evolving rule schemes, and a new rulebook is expected to come out in November — two years from now.

Process 91

Process Payments Money Laundering Non-Bank 91

PYMNTS

JANUARY 8, 2020

Having held numerous strategic positions at the third-largest bank in the U.S., Lawmakers in New York have proposed a public electronic banking system that would function similarly to the payment service Venmo, to include more people in the economy in an attempt to stimulate growth. NY Lawmakers Push For Public eBanking System.

Venmo 52

Venmo EMV Push-to-Card Electronic Banking 52

PYMNTS

DECEMBER 18, 2019

. “As Africa ‘s global bank, we are delighted to open up a fresh opportunity for real-time money transfer in partnership with TerraPay. This is another huge step in improving access to financial services for our customers across the globe,” said Sampson Aneke, group head of transaction and electronic banking for UBA Group.

Cross-Border 52

Cross-Border Cross-Border Payments International Payments Payment Networks 52

PYMNTS

MARCH 1, 2017

“There’s a lot of pressure from clients on banks to quickly adapt to the demand for improved digital experiences or be at risk of becoming irrelevant,” said TTS Technology Global Head of Electronic Banking Channels Derek Rego in another statement. Across every industry, APIs are proving to have significant business impact.”.

API 78

API Payment APIs and Integration Treasury On-Demand 78

PYMNTS

JANUARY 22, 2020

The country’s draft doctrine indicates that electronic banks are required to minister to populations in “underserved and unserved segments” with services and solutions that focus on the void in the market. Digital banks are also required to maintain 100 million ringgit ($24.5

eWallet 54

eWallet Online and Mobile Banking Void Non-Bank 54

PYMNTS

NOVEMBER 21, 2018

Launched in July, Citi Payment Insights provides real-time payments visibility, including processing status and timelines, charges deducted across correspondent banks, the amount credited to the beneficiary and the ability to action payments on demand via its electronic banking platform.

Cross-Border 52

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 52

The Finance Weekly

JANUARY 14, 2024

However, with the rise of electronic banking, people are carrying less physical cash. Physically, cash is the simplest and most widely accepted form of payment. It's reliable because it doesn't involve extra processing like checks or credit cards.

Assessments 52

Assessments Finance Electronic Banking Funds Availability 52

PYMNTS

JUNE 26, 2019

When outlier payments are detected, clients are able to approve or reject the transactions within the CitiDirect BE and CitiConnect electronic banking platforms. Citi pointed to rising cybersecurity risks and the burden of increasing transaction volumes as a result of digitization and automation.

Real Time Payments 43

Real Time Payments Treasury Payments Automation 43

PYMNTS

JULY 16, 2018

Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform.

Correspondent Bank 44

Correspondent Bank Payment APIs and Integration Correspondent Real Time Payments 44

PYMNTS

DECEMBER 13, 2017

Treasury Link has also integrated cash flow management, fraud and authentication capabilities, while its electronic payment service supports domestic and cross-border wire and ACH payments.

Cash Management 42

Cash Management Treasury Cross-Border Wires 42

PYMNTS

JANUARY 2, 2019

NBK now delivers customers greater transparency and traceability in cross-border transactions, which facilitates better communication and reconciliation for the bank’s customers.”. In The Philippines , UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts, according to reports.

SWIFT 49

SWIFT Cross-Border Payee Funds Transfer 49

PYMNTS

NOVEMBER 20, 2020

Some more senior CU members may still be leery of digital banking , but Rousseve said one of the pandemic’s few bright spots has been its acceleration of members’ shifts toward electronic banking solutions. This year, we’ve seen a significant trend in the adoption of electronic services by our older members,” he said.

Credit Union 101

Credit Union Technology AI Direct Deposit 101

PYMNTS

SEPTEMBER 20, 2018

Businesses are more satisfied with ACH payments, electronic bank transfers and even credit cards than they are with checks for sending and receiving B2B payments. Checks are slow to process and deposit, and filling them out and sending takes manual work. However, if given the choice, most businesses would rather pay another way.

B2B 49

B2B Innovation Finance Real Time Payments 49

PYMNTS

MAY 30, 2016

. “Let me mention here that RBI is already examining whether to issue regulatory directions with regard to limiting the liability of customers on fraudulent transactions arising out of cards and electronic banking transactions.”

ATM 40

ATM EMV CHIPS Financial Inclusion 40

PYMNTS

SEPTEMBER 11, 2019

Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular. According to the Real-Time Payments Innovation Playbook , 26 percent of cross-border businesses rely on international wire transfers, while the next most common method is by paper check (20 percent).

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. At its core, it involves the authorization, capture, and settlement of transactions.

Process 45

Process Processors Online and Mobile Banking Payments 45

PYMNTS

JANUARY 5, 2017

ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service.

Fraud Prevention 40

Fraud Prevention Risk Management Interoperability Electronic Banking 40

PYMNTS

JANUARY 4, 2019

The transfers will be done through UCPB Connect, the electronic banking service. Verdict reported that the new service, known as InstaPay, can let customers transfer funds to a limit of 50,000 PHP ($951.48

Instant Payments 67

Instant Payments Funds Transfer Online and Mobile Banking Payments 67

EBizCharge

MAY 15, 2024

ACH transfers Automated Clearing House (ACH) transfers have emerged as a preferred B2B payment option for electronic bank-to-bank transactions. While eChecks and ACH transfers involve electronic fund transfers, eChecks specifically refer to digital versions of traditional paper checks.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

AUGUST 10, 2016

only accept payments via check or electronic bank transfer, creating barriers for students from overseas who typically deal with limited payment methods and currency exchange requirements. Mastercard announced today (Aug. In many cases, schools in the U.S.

Visa 40

Visa Debit Card Cross-Border Payments 40

Fintech Labs Insights

JANUARY 5, 2017

Pakistan’s Samba Bank to deploy new core banking technology from Temenos. Infosys’s core banking software Finacle goes live at Nepal’s Sunrise Bank. ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).

Mobile Deposit 16

Mobile Deposit Electronic Banking Posting Accounts 16

PYMNTS

JANUARY 10, 2019

As of May 2018, over 85,297,000 million taxpayers have received faster federal tax refunds via direct bank deposits into bank accounts through electronic bank transfers. That’s up from about 59 percent in 2008. “As The average tax refund received by direct deposit is $2,940,” the federal tax agency said.

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

Clearly Payments

MARCH 4, 2024

One notable example of a large-scale “Salami Slicing” fraud occurred in the banking sector and involved a programmer named Vladimir Levin. In the mid-1990s, Levin, a Russian computer programmer, orchestrated one of the most significant electronic banking frauds in history.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

JULY 18, 2017

Different algorithms within the decision flow help to reduce time to customer decision like electronic bank statement data parsing models.”. “Fifty percent of the customers get an instant final loan decision after they submit required documentations.

Underwriting 58

Underwriting Payment APIs and Integration Verification Credit Risk 58

Fintech Labs Insights

JANUARY 11, 2017

Pakistan’s Samba Bank to deploy new core banking technology from Temenos. ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET). Finance Disrupted interviews Xignite CEO and founder, Stephane Dubois. Stay current on daily news from the fintech developer community!

Mobile Deposit 17

Mobile Deposit Electronic Banking Finance Technology 17

Payment Savvy

DECEMBER 11, 2023

What Is ACH Bank Transfer?: ACH transfers are electronic, bank-to-bank money transfers processed through the ACH network. This network serves as a batch-processing system, allowing banks and financial institutions to aggregate and process these transactions efficiently.

ACH 52

ACH Wire Transfer Direct Deposit Wires 52

PYMNTS

SEPTEMBER 19, 2018

Regular ACH merits a satisfaction level of about 74 percent, with electronic bank transfers at the high 60 percent level, and cards close behind. Just because companies have been utilizing the above methods does not mean those options are well liked. Not exactly unanimous votes.

B2B 66

B2B ACH Checks Real Time Payments 66