The Payments Association

FEBRUARY 10, 2025

The primary focus on monitoring master accounts leaves an oversight gap that can be exploited for illicit financial activities. Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks.

IBAN 88

IBAN AML Master Account Due Diligence 88

PYMNTS

NOVEMBER 7, 2017

Citi’s Treasury and Trade Solutions is bringing its accounts receivable (AR) Payer ID solution to more markets around the globe. The accounts receivable solution enables companies to gain visibility into incoming payments for greater working capital management, Citi explained.

Payer 48

Payer Payment APIs and Integration Treasury Master Account 48

PYMNTS

APRIL 19, 2018

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. Its services are PSD2-compliant and provide treasury management and other financial control services to CFOs and corporate treasurers.

Real Time Payments 40

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

PYMNTS

JUNE 7, 2018

Among these is the London-based FinTech Centtrip , which provides global payments, treasury and FX services to business clients. Because of the multicurrency aspect of our account, it also [means] the artist could … receive [her] revenue in the currency of the area [she is] in.”.

Multi-Currency 46

Multi-Currency Master Account Reconciliation Faster Payments 46

The Payments Association

JANUARY 31, 2025

It will include the secretaries of the Treasury and Commerce, the attorney general, the chair of the Securities and Exchange Commission (SEC), the chair of the Commodity Futures Trading Commission (CFTC), and the heads of other relevant departments and agencies. Notably, US banking regulators (e.g.,

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88