Fintech News

MARCH 25, 2025

The feature is designed to prevent unauthorised fund transfers, even in cases where scammers gain control of a customers mobile device through tactics like malware or phishing. Customers can create and lock up to five Savings Pots, which continue to earn interest and count toward Trust+ eligibility.

Scams 95

Scams Security Phishing Funds Transfer 95

Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Payments Source

AUGUST 31, 2020

Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.

Financial Inclusion 157

Financial Inclusion Instant Payments Funds Transfer Blockchain 157

Fintech Finance

DECEMBER 12, 2024

Visa , a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. bank accounts will be available within 1 minute or less starting in April 2025.

Funds Availability 98

Funds Availability FPC Accounts Debit Card 98

Fintech News

NOVEMBER 5, 2024

Edward Yue, General Manager for Southeast Asia, Australia, and New Zealand at Ant International, noted that the partnership with StraitsX and Grab aims to provide global travelers with more convenient payment options and supports more efficient, secure, and cost-effective fund transfers.

Stablecoins 106

Stablecoins Cross-Border Payments Cross-Border Blockchain 106

Payments Dive

APRIL 2, 2019

Millions of Chinese consumers are using mobile payments as their favored method shopping and funds transfer and retailers should leverage that opportunity.

Mobile Payments 151

Mobile Payments Consumer Funds Transfer Payments 151

Finextra

FEBRUARY 29, 2024

Nium, the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA).

Funds Transfer 64

Funds Transfer Cross-Border Payments Cross-Border Security 64

The Fintech Times

DECEMBER 14, 2024

This upgrade will significantly reduce wait times for transactions such as bill splitting, account transfers, insurance payouts, and accessing earned wages, ensuring availability in under one minute. The post Visa Direct to Accelerate Fund Transfers to Under a Minute by 2025 appeared first on The Fintech Times.

Funds Transfer 59

Funds Transfer FPC Funds Availability Faster Payments 59

EBizCharge

JUNE 3, 2024

With the introduction of electronic funds transfers (EFTs), gone are the days of paper checks and manual money handling. What is an electronic funds transfer (EFT)? An electronic funds transfer , or EFT, is a core pillar of modern banking and transactions. What is the Electronic Funds Transfer Act (EFTA)?

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

The Payments Association

FEBRUARY 13, 2025

The UPI revolution: A digital payments game-changer UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) that allows seamless fund transfers between banks using a mobile interface.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Interoperability Payments 88

Fintech Finance

MARCH 7, 2025

The women business correspondent (BC) network has been instrumental in providing doorstep banking services, including account opening, fund transfers, bill payments, and micro-loans, to people who previously lacked or had limited access to basic banking services.

Correspondent 86

Correspondent Financial Inclusion Payments Underserved 86

Payments Dive

OCTOBER 31, 2022

Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

Zelle 131

Zelle CFPB Funds Transfer Consumer Protection 131

The Fintech Times

APRIL 12, 2025

Leveraging Tinks secure open banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank without manually entering details or facing multiple security steps. The result is a smooth, fast and secure payment experience.

Funds Transfer 45

Funds Transfer Cross-Border Authentication Security 45

Fintech Finance

JANUARY 22, 2025

The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers within the UAE.

Central Bank 102

Central Bank Security FinTech Online and Mobile Banking 102

Fintech Review

NOVEMBER 20, 2024

Through identifying the optimal cryptocurrency, the optimal blockchain, as well as the optimal exchange for each individual settlement, our SOE empowers financial institutions and their diverse customer sets with the fastest, most cost-efficient cross-border funds transfer technology available — regardless of location.

Cross-Border 115

Cross-Border Cross-Border Payments Multi-Currency FinTech 115

Stax

MARCH 27, 2025

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Which one should you choose?

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

Fintech Finance

APRIL 15, 2025

PayPal , a global digital payments and commerce platform, today announced a strategic partnership with TerraPay , a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa.

Cross-Border Payments 59

Cross-Border Payments Cross-Border PayPal Funds Transfer 59

Fintech Finance

JANUARY 16, 2025

As small and medium-size businesses are increasingly turning to non-banking cost-efficient payments solutions, Guavapay is at the forefront of providing solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

Finovate

FEBRUARY 20, 2025

Fedwire is a real-time electronic funds transfer system operated by the Federal Reserve Banks, enabling financial institutions to send and receive money. The deployment enables 100% straight-through processing (STP) and facilitates the bank’s compliance with upcoming ISO 20022 compliance requirements ahead of schedule.

FedWire 114

FedWire ISO 20022 ISOs Payment APIs and Integration 114

Fintech Finance

FEBRUARY 21, 2025

In 2022, he founded Do Payment with the goal of enabling real-time fund transfers to end customers and eliminating payment friction. Recognizing this opportunity in the payments industry, Cristian Valderrama saw the potential to speed up money collection and disbursement.

Payment APIs and Integration 93

Payment APIs and Integration FinTech Payments Instant Payments 93

Fintech Finance

APRIL 7, 2025

Approval Workflows : Enable junior team members to request fund transfers that require review and approval by senior staff. Role-Based Access : Choose from predefined roles like Finance Manager or Support Manager—or fully customize permissions to suit your business structure.

Accounts 64

Accounts IBAN Compromise Verification 64

Fintech Finance

FEBRUARY 29, 2024

Nium , the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA).

Funds Transfer 52

Funds Transfer Cross-Border Cross-Border Payments Security 52

Fintech Finance

APRIL 15, 2025

Finuevo Core enables Valletta Credit Finance Corporation Ltd to extend the set of offered services to their clientele with fund transfer facilities.

Finance 81

Finance Card Issuer Funds Transfer Issuers 81

Clearly Payments

MARCH 31, 2025

Larger businesses (100 or more employees) were more inclined to accept electronic funds transfers (EFT) at 74.7%, compared to 57.6% According to Statistics Canada, 64.4% of businesses with 5 to 19 employees and 65.0% of those with 20 to 99 employees accepted cash payments. among the smallest businesses (1 to 4 employees).

Small Business 59

Small Business Electronic Funds Transfer (EFT) Credit Cards Payments 59

Clearly Payments

JANUARY 23, 2024

Whether you’re dealing with routine bills, processing paychecks, or handling high-stakes international transfers, understanding the nuances of electronic fund transfers (EFTs) is crucial. When it comes to electronic payments, two major players stand out in the United States: ACH transfers and wire transfers.

Wire Transfer 104

Wire Transfer Wires Wire ACH 104

Fintech Finance

MARCH 5, 2025

Using this ID, clients can instantly process cross-border payments, supplier payments, and fund transfers with others in the Deus X Pay ecosystem. Funds move in real time, allowing for seamless business operations and treasury management. ” How It Works: Each Deus X Pay client receives a unique NeXus ID.

Cross-Border 52

Cross-Border Cross-Border Payments Treasury Management Treasury 52

PYMNTS

JUNE 21, 2020

The service will let businesses incorporate the instant electronic Direct Debit Authorisation (eDDA) into their own systems, along with real-time funds transfer services.

API 143

API B2B Cash Management Funds Transfer 143

Fintech News

MARCH 18, 2024

With this new connection, Mastercard is pleased to expand its partnership with Alipay to enable people around the world to easily make international fund transfers to China in near real-time, simplifying the transaction for senders as well as receivers.”

Visa 114

Visa Cross-Border Cross-Border Payments Security 114

The Payments Association

FEBRUARY 26, 2025

With the increase in faster payments and the European Instant Payments Regulation (IPR) pushing for fund transfers to be processed in less than ten seconds , fraudsters can potentially access funds faster. Considering that APP fraud cost the UK economy approximately 459.7

Authentication 88

Authentication Risk Compliance Fraud Prevention 88

Fintech Finance

FEBRUARY 27, 2025

customers real-time1 fund transfers to and from bank accounts via debit card with its Deliver API solution, powered by Visa Direct. Orum , which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S.

Faster Payments 64

Faster Payments Payment APIs and Integration Debit Card Push-to-Card 64

Fintech Finance

MARCH 24, 2025

Partnering with TransferMate, who have built a world leading, regulated payments infrastructure, will empower businesses making cross-border payments to transact as easily as if making a domestic funds transfer.

Cross-Border 64

Cross-Border Cross-Border Payments B2B Settlement 64

PYMNTS

JANUARY 11, 2021

Electronic-fund-transfer systems are much more easily tracked. Another reason was that stricter limits on border crossings compelled workers who typically would ferry cash home personally to instead send it electronically.

Cross-Border 125

Cross-Border Funds Transfer Central Bank Economy 125

PYMNTS

MAY 19, 2020

Nium, formerly known as InstaReM, has closed four funding rounds totaling $59 million since it was founded in 2014. Silawat Santivisat, KBank senior executive vice president, said the funds transfer service is meant to address the challenges of the “new normal” brought on by the COVID-19 crisis.

Cross-Border Payments 97

Cross-Border Payments Cross-Border FinTech Funds Transfer 97

Fintech Review

MARCH 5, 2025

Using this ID, clients can instantly process cross-border payments, supplier payments, and fund transfers with others in the Deus X Pay ecosystem. Funds move in real time, allowing for seamless business operations and treasury management. ” How It Works: Each Deus X Pay client receives a unique NeXus ID.

Cross-Border 52

Cross-Border Cross-Border Payments Treasury Management Stablecoins 52

Fintech News

AUGUST 5, 2024

The new CNY remittance corridor by YouBiz aims to streamline fund transfers from Singapore to China, offering a cheaper, more secure, and convenient alternative to traditional methods. This move addresses the growing need for efficient and cost-effective cross-border transactions between Singapore and China.

Multi-Currency 107

Multi-Currency Cross-Border Payments Cross-Border Funds Transfer 107

Finextra

AUGUST 30, 2024

For the second time in three months, the NatWest banking app has suffered technical issues, leaving some customers unable to make payments or fund transfers on Friday morning.

Funds Transfer 72

Funds Transfer Payments 72