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BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

Fintech Finance

Today, The Clearing House and BNY (NYSE: BK), announced the successful completion of the largest instant payment in U.S. history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit.

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Thunes Launches New Global Business Payments Service

Fintech News

Global payments company Thunes has introduced ‘Thunes Business Payments’ , a new service aimed at helping enterprises, merchants, banks, and mobile wallet providers streamline international business transactions. The launch is targeted at members of Thunes’ Direct Global Network.

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J.P. Morgan: Tech Uncovers New Liquidity Management Opportunities

PYMNTS

In pursuit of instant cash management and visibility, treasurers' modernization efforts have been underway for some time, with the global coronavirus crisis greatly accelerating those initiatives as liquidity management has become even more vital to the enterprise's overall health. But they need to be planned for.".

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DBS Launches Blockchain-Powered Treasury Tokens Pilot With Ant International for 24/7 Treasury and Liquidity Management

Fintech Finance

DBS has announced the pilot launch of DBS Treasury Tokens, a next-generation treasury and liquidity management solution, in collaboration with Ant International. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. The demand for secure, fast, and modern payment solutions has been pressing.

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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

This solution leverages blockchain technology, including advanced encryption and AI, to enhance the efficiency and transparency of fund movements for improved global liquidity management. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.

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JPMorgan On The Digital Transformation Of Corporate Liquidity Management

PYMNTS

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. You’ve got to adhere to currency cut-off times. You’ve got to think about potentially if there’s cross-bank relationships in the mix, or even if you need to do cross-funding across currencies,” said Schwartz.