The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities. Why is it important? What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech Review

NOVEMBER 7, 2024

Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. Connecticut) chartered and regulated bank with direct access to the Federal Reserve System including master account and cash services.

De Novo Banks 52

De Novo Banks Master Account Federal Reserve Novo Banks 52

PYMNTS

APRIL 19, 2018

With CenttripNow and other innovative products and services, we are set to be at the forefront of this movement,” Jamieson said. According to the company’s announcement, corporate customers of the company are provided with a master account, with the ability to open sub-accounts in different currencies and regions.

Real Time Payments 40

Real Time Payments Cross-Border Payments Multi-Currency Cross-Border 40

PYMNTS

JUNE 1, 2020

As Ingo Money’s Edwards said, there’s been very little innovation for decades on the disbursement side of payments. Edwards termed real-time payments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric master account to an ‘instant’ way for banks to do it.”.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. “Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

Exact Payments

NOVEMBER 8, 2023

Thanks to innovations in cloud-based technology and the proliferation of APIs, it’s now easier than ever for non-payment software companies to integrate payment features within their platforms. Additionally, PayFacs can offer merchants a much simpler account onboarding process.

Facilitators 52

Facilitators ISVS ISOs Payment APIs and Integration 52

Exact Payments

OCTOBER 30, 2023

This shift has paved the way for payment facilitation, an innovative merchant services model that’s increasingly leveraged by software-as-as-service (SaaS) companies. They are then able to onboard and aggregate sub-merchant accounts under their master account.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52