The Payments Association
FEBRUARY 10, 2025
Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. 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?
The Paypers
MARCH 3, 2024
Korea-based financial services provider Hecto Financial has announced the launch of its Master Account Management Solution (MAMS) for cross-border transactions.
Nanonets
SEPTEMBER 22, 2023
Tracking metrics and key performance indicators (KPIs) along the way allows businesses to measure the effectiveness of their accounts payable function and make data-driven decisions. These reports provide invaluable insights into the accounts payable process, allowing businesses to make informed decisions and drive growth.
PYMNTS
FEBRUARY 15, 2017
. “It eliminates the need to set up banking relationships in multiple currencies and countries, thereby enabling FX and payments businesses to offer a more tailored service to their customers.” Saxo’s clients set up a master account linked to the Banking Circle platform, then issue a master IBAN.
Exact Payments
NOVEMBER 8, 2023
Key Takeaways: Payment facilitators are merchant service providers that enable merchants to process payments electronically. Unlike traditional merchant service providers that resell payment processing, PayFacs own processing accounts and underwrite and onboard sub-merchants under their accounts.
Exact Payments
OCTOBER 30, 2023
Payment processing refers to the digital transfer of funds between a merchant‘s bank account and a customer’s bank account. Merchant services providers Merchant services providers (MSPs) equip merchants with all the tools they need to start processing card payments.
Expert insights. Personalized for you.
88 
Let's personalize your content