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RTGS.global’s instant atomic settlement solution solves historic and emerging challenges associated with cross-border payments and liquiditymanagement. Its platform enables quick, secure and risk-free transactions across different currencies and geographies.
It aims to enable more efficient fundstransfer via Purpose Bound Money (PBM) when inbound tourists use Alipay+ payment partner apps for payments at GrabPay merchants in Singapore. ” The post Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments appeared first on The Fintech Times.
Citi launched Citi Real-Time Funding (RTF), a real time fundstransfer 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.
WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, will reinforce its participation in SEPA to enable businesses to make online cross-border payments and fundtransfers more seamlessly within the SEPA Zone.
Provides a wide array of payment solutions, including EFT (electronic fundstransfer), online payments, and mobile transactions. Credit Union Central of Manitoba (CUCM) : CUCM supports credit unions in Manitoba by offering payment processing services, liquiditymanagement, and other essential financial services to its members.
The push toward modernization does not stop at fundtransfers, either, and companies are adopting digital supports to help them more smoothly and rapidly process invoices. A recent report finds many companies are leveraging AI to help them more swiftly automate vendor invoices and support their liquiditymanagement decision making.
The appeal of virtual cards extends beyond the basic functionalities of traditional payment methods, offering instant fundtransfers crucial for the fast-paced nature of global commerce. Their inherent cost-effectiveness, through lower transaction fees, presents a compelling case for their adoption over more conventional means.
WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, is looking to reinforce its participation in SEPA to enable businesses to make online cross-border payments and fundtransfers more seamlessly within the SEPA Zone.
The payments system provider, The Clearing House , extended its transaction limit for fundstransferred on the Real-Time Payments (RTP) Network from $1million to $10million. Capitalising on this, BNY completed a $10million transaction on behalf of the global transfer agent, Computershare , to an account at Bank of America.
The PoC tested two DLT platformsCorda by R3 and Hyperledger Besu by Kaleidoevaluating their ability to support key processes such as issuance, redemption, and fundtransfers. Both platforms successfully met the 55 predefined test scenarios, demonstrating scalability, resilience, privacy, and fault tolerance.
To achieve this, the PoC focused on three key processes: issuance, redemption, and fundtransfers. The PoC demonstrated the transformative potential of DLT-based systems in improving liquiditymanagement. Each platform exhibited distinct strengths. Another critical feature was the systems scalability and fault tolerance.
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