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).

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Funds Transfer Cross-Border Cross-Border Payments Security 52

The Paypers

SEPTEMBER 3, 2024

UK-based fintech company Atlantic Money has announced the launch of Portals, a new solution that enables customers to make international transfers directly from their bank accounts.

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Fintech Finance

NOVEMBER 14, 2024

For example, in iGaming & Online Gambling, the use of credit and debit cards drops to 64%, with electronic fund transfers (20.5%) and digital wallet payments (15.5%) comprising the remaining mix of fraudulent payments.

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Funds Transfer Debit Card Fraud Prevention Blocks 52

The Paypers

OCTOBER 26, 2016

(The Paypers) PrivatBank , a Ucranian bank, has added fund transfers via iMessage capabilities to Privat24, its mobile banking app.

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Funds Transfer Mobile Banking 42

The Paypers

OCTOBER 14, 2020

India-based fintech Paytm has rolled out a same-day settlement facility for fund transfers on its payment gateway.

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Funds Transfer Settlement Payment Gateways Gateways 28

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.

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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. The outage impacted hundreds of customers of Lloyds and Halifax , which both operate under Lloyds Banking umbrella. The outage was connected to the U.K.’s local time.

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Funds Transfer Faster Payments Credit Transaction Visa 40

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.”

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Zelle CFPB Funds Transfer Consumer Protection 131

The Paypers

APRIL 15, 2020

OCBC Bank has launched Google Pay's peer-to-peer funds transfer service to Singapore.

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Funds Transfer 28

The Paypers

AUGUST 29, 2017

(The Paypers) OCBC has granted its mobile banking users to type into messaging apps to initiate funds transfers to another mobile number.

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Funds Transfer Mobile Banking 28

Finextra

JUNE 2, 2024

A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).

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Electronic Fund Transfer Act (EFTA) CFPB Wire Transfer Disputes 64

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.

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Financial Inclusion Instant Payments Funds Transfer Blockchain 157

Innovative Payments Association

JULY 8, 2024

Regulation E, also known as the Electronic Fund Transfer Act, is a federal regulation that governs electronic transfers of funds, such as ATM transactions, debit card transactions, and direct deposits. In some cases, companies have been ordered to pay restitution to affected consumers and civil penalties to the CFPB.

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Reg E CFPB Error Resolution Boot Camp 52

Finovate

JUNE 11, 2024

Citi launched Citi Real-Time Funding (RTF), a real time funds transfer tool. The new tool helps commercial clients move funds between cross-border accounts automatically, based on pre-defined rules. Citi Real-Time Funding (RTF) is now available in Australia, Hong Kong, and the U.K.

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Funds Transfer Cross-Border Liquidity Management Treasury 52

The Paypers

MAY 26, 2017

(The Paypers) Deutsche Bank has highlighted how financial institutions can overcome the implementation hurdles in advance of EU Funds Transfer Regulation (FTR 2015) in a new whitepaper.

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Funds Transfer Regulations 28

The Paypers

SEPTEMBER 24, 2024

BancNet has selected Fime to streamline testing and certification for InstaPay, an electronic fund transfer (EFT) service in the Philippines.

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Electronic Funds Transfer (EFT) Instant Payments Funds Transfer Payments 45

The Paypers

SEPTEMBER 24, 2024

Anadolubank Nederland partners with Worldline for a cloud-based instant payments solution, ensuring compliance with EU regulations and enhancing real-time fund transfers.

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Instant Payments Funds Transfer Compliance Payments 41

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.”

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Visa Cross-Border Payments Cross-Border Security 111

Stax

JULY 9, 2024

The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. Q: Are EFT payments safe?

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Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Paystand

MAY 9, 2024

Traditional fund-transfer methods can be challenging, error-prone, and costly. As more business transactions move online, the need for front- and back-end system integrations grows. The answer? An enterprise resource planning ERP payment system.

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Funds Transfer Payments Transactions Process 52

The Paypers

SEPTEMBER 14, 2021

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India have announced plans to link Singapore's PayNow system with India's UPI real-time payment system.

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Funds Transfer Real Time Payments Authorization Payments 41

Fintech Finance

FEBRUARY 28, 2024

In a groundbreaking partnership, Eazy Financial Services “EazyPay” , a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa , a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

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Point-of-Sale (POS) Funds Transfer Payment Gateways Cross-Border 52

Payments Dive

MARCH 22, 2016

Customers can use their mobile phones to securely transfer money between accounts at any time, without the need to go to a distribution point or to have any physical cash.

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Funds Transfer Accounts Security 60

Fintech Finance

OCTOBER 1, 2024

As a Marketplace Partner, Neural Payments will be able to integrate its flagship white-label peer-to-peer (P2P) payments platform and other payments solutions into the ebankIT platform to enhance client financial institutions’ digital offerings, making payments and funds transfers easier, faster and more secure and flexible.

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P2P Payments Funds Transfer Payment Solutions 97

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.

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Mobile Payments Consumer Funds Transfer Payments 151

The Paypers

AUGUST 8, 2024

Starting with 4 September 2024, South African banks will suspend electronic fund transfer (EFT) services to Namibia, eSwatini, and Lesotho.

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Electronic Funds Transfer (EFT) Funds Transfer 41

Global Fintech & Digital Assets

DECEMBER 18, 2023

General use would therefore encompass most forms of person-to-person (P2P) and consumer-merchant fund transfers by or on behalf of a consumer to another US-based person for personal, family, or household purposes. Importantly, the proposal specifically states that the covered person does not actually need to ever hold the funds.

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CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

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.

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Paymerang

APRIL 9, 2024

You may even find the phrase “ACH/wire transfers accepted” on some business websites, making it reasonable to assume the two are the same. While ACH transfers and wire transfers are both electronic funds transfers (ETFs), there are key differences between the two that you should know before issuing payments or… Source

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Wire Transfer Wire Wires ACH 52

Finovate

NOVEMBER 5, 2024

Wise will facilitate fund transfers for SC Remit customers in Asia and the Middle East. Wise will send the funds in seconds using its transparent, low-fee pricing model. Users will be able to send money in 21 currencies– including USD, CAD, EUR, GBP, SGD, HKD, and JPY.

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Cross-Border Payments Cross-Border Multi-Currency Stablecoins 52

The Paypers

JUNE 15, 2020

Vodafone has selected WorldRemit as a global partner in a programme to offer cross-border money transfers to Fiji.

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Finextra

FEBRUARY 15, 2024

Focusing on the impact on financial institutions and customers, we discuss how solutions like LexisNexis® Risk Solutions' Safe Payment Verification will enhance banking practices by verifying account ownership and optimizing cross-border fund transfers.

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Payments Trends Cross-Border Funds Transfer Payments 64

The Paypers

MARCH 4, 2024

Flipkart has announced the launch of a new UPI service in partnership with Axis Bank , aiming to optimise fund transfers and checkout payments for Android users.

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Funds Transfer Payments 45

Fintech Finance

MAY 8, 2024

BENEFIT is a leader in electronic payments, fund transfer, business process outsourcing services and support. In 2023, BENEFIT processed over 345 million electronic fund transfer transactions through BenefitPay, Bahrain’s national electronic wallet payment system, and its services Fawri, Fawri+ and Fawateer.

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Financial Inclusion Visa Innovation Funds Transfer 59

Fintech Finance

OCTOBER 22, 2024

TBC UZ plans to begin issuing Visa cards, empowering seamless online shopping, including on global marketplaces like Amazon, and offering the convenience of using bank cards domestically and internationally.

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Online and Mobile Banking Funds Transfer Finance On-Demand 94

The Paypers

FEBRUARY 28, 2024

Eazy Financial Services (EazyPay) has leveraged Visa ’s Direct Account Funding solution to offer fast and secure account-to-account (A2A) fund transfers in Bahrain.

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Funds Transfer Accounts Security 41

The Paypers

FEBRUARY 29, 2024

Real-time global payments provider Nium has announced that it secured a Type 1 Funds Transfer Service Provider (FTSP) licence from the Japanese Financial Services Agency (JFSA).

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Security Funds Transfer Global Payments Service Provider 41