Articles with tag: settlement

Found 126 results in 312 milliseconds.

US regulator allows blockchains and stablecoins to be used as settlement by banks

News | Cryptocurrencies | 05 Jan 2021

The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.

US, blockchain, stablecoin, banking, settlement, OCC, compliance, AML, Bank Secrecy Act, blockchain

MoneyGram to see the impact on its business arrangement from SEC's lawsuit against Ripple

News | Cryptocurrencies | 24 Dec 2020

MoneyGram has yet to see the impact on its business arrangement with Ripple from the US Securities and Exchange Commission’s (SEC) lawsuit against the latter company.

MoneyGram, XRP, Ripple, SEC, ODL, cross-border settlement, payments, money transfers

How CBDCs can operate seamlessly with existing networks – and why they should

Voice of the Industry | Online Payments | 25 Nov 2020

Mastercard’s Raj Dhamodharan agrees that CBDCs could work alongside existing schemes such as RTP to enable central banks to focus on CBDC minting and issuance while banks and PSPs focus on payment processing and distribution through existing channels

Raj Dhamodharan, Mastercard, CBDC, blockchain, payments, banking, PSP, innovation, distributed ledger, digital asset technologies, central banks, real time payments, settlement, RTP

Novalnet selects Banking Circle for FX solutions

News | Payments General | 19 Nov 2020

Germany-based Novalnet has selected Banking Circle to provide foreign exchange (FX) and settlement solutions for its customers.

Novalnet, Banking Circle, partnership, FX, settlement solutions, fast payment, cross-border payments

ECB to conduct independent review of payments system outage

News | Payments General | 18 Nov 2020

The European Central Bank (ECB) will launch an independent review of an incident that affected its real-time gross settlement system TARGET2 on 23 October 2020.

European Central Bank, ECB, real-time gross settlement system, TARGET2, payments, Eurosystem, banks, central banks

Prime Trust rolls out proprietary core banking software for fractional assets

News | Payments General | 16 Nov 2020

Prime Trust, a B2B financial infrastructure platform and custody and settlement of alternative assets, has launched PrimeCore.

B2B financial infrastructure, custody, settlement, fintech, Prime Trust, PrimeCore, product launch, asset management platform

Payments Canada, Mastercard partner to use Vocalink for Canada's Real-Time Rail

News | Payments General | 12 Nov 2020

Payments Canada has selected Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail (RTR).

Payments Canada, Mastercard, Vocalink, Canada, partnership, Real-Time Rail, RTR, real-time payments, clearing, settlement, procurement, Bank of Canada, ISO 20022

Cashfree, TradeIndia partner to enable digital payment solutions

News | Online Payments | 06 Nov 2020

India-based payments gateway, Cashfree, has announced its partnership with B2B marketplace TradeIndia to enable online payments collection through cards, UPI, internet banking, and other digital solutions as a part of its TradeKhata offering.

Cashfree, TradeIndia, partnership, payment gateway, B2B marketplace, online payments, cards, UPI, internet banking, payouts, automated invoicing, customer management, instant settlements, recurring payments, subscriptions

Novalnet partners with Banking Circle

News | Payments General | 05 Nov 2020

Novalnet, a full-service payment provider, has partnered with Banking Circle for foreign exchange (FX) and settlement solutions for its 12,000+ customers around the world. 

Novalnet, partnership, Banking Circle, partnership, payments, settlement, FX, cashflow

China's petrochemical industry rolls out blockchain warehouse receipt financing trade

News | E-invoicing, SCF & E-procurement | 16 Oct 2020

China's petrochemical industry has seen its first digital warehouse receipt pledge financing transaction that integrates blockchain and Internet of Things (IoT) technology successfully implemented in China.

supply chain finance, digitalisation, blockchain, IoT, financing settlements, warehouse receipts, order financing, data sharing, PBoC, Sinochem Energy High-Tech

Italian banks together with SIA, R3, NTT Data join Spunta blockchain infrastructure for payments

News | Payments General | 14 Oct 2020

Spunta Banca DLT, an Italian initiative providing a blockchain infrastructure that supports the ABI Spunta application, has announced that it is fully operational.

Spunta, banking, Italy, punta Banca DLT, settlement, blockchain infrastructure, SIA, R3, NTT Data, payments reconciliation

Paytm launches same-day settlement facility for fund transfers

News | Payments General | 14 Oct 2020

India-based fintech Paytm has rolled out a same-day settlement facility for fund transfers on its payment gateway.

Paytm, India, payments, transfers, merchants, Asia, APAC, same-day settlement facility

SWIFT runs gpi pilot with UK Faster Payments

News | Payments General | 13 Oct 2020

SWIFT, global financial institutions, and UK Faster Payments have run a cross-border payments pilot based on SWIFT’s gpi instant payments service.

SWIFT, gpi pilot, UK Faster Payments, cross-border payments, payments, banking, clearance, settlement, banks

RBI announces RTGS to run 24x7 from December 2020

News | Payments General | 12 Oct 2020

The Reserve Bank of India (RBI) has announced that online transfer of funds through real-time gross settlement (RTGS) will be available round-the-clock from December 2020, according to mint.

RBI, RTGS, Reserve Bank of India, real time gross settlement, India, online payments, transfers, funds, real time transfers, gross settlement, National Electronica Funds Transfer, NEFT, electronic payments, bank branches

ECB launches feasibility study into instant cross-border payments in Sweden

News | Online Payments | 12 Oct 2020

European Central Bank (ECB), in collaboration with Sveriges Riksbank, has announced it is launching an investigation into how the platform could support low-cost instant cross-currency transactions.

ECB, European Central Bank, TIPS, Target Instant Payment Settlement, instant payments, Sweden, Europe, digital payments, real-time low cost payments, merchant payments, ecommerce, consumer goods payments,

EMQ launches high value cross-border settlements in Japan

News | Payments General | 07 Oct 2020

EMQ, a global financial settlement network, has launched its high transaction value cross-border settlements in Japan.

EMQ, cross-border settlements, Japan, cross-border payments

IPOSUP.com to launch instant settlement of card payments for micro-businesses

News | Cards | 11 Sep 2020

IPOSUP.com has announced plans to launch pre-Christmas 2020 a new ECASH Account card payments settlement service for UK businesses.

HCE Service, cards, micro business, card payments, payment settlement, merchants, transactions, payment methods

Modulr becomes issuing member of Mastercard

News | Online Payments | 09 Sep 2020

UK-based fintech Modulr has joined Mastercard as a principal issuing member, granting it direct access to the global payments network.

Modulr, Mastercard, issuing partner, online payments, confirmation of payee, fraud prevention, Pay.UK, UK Faster Payments, Real-Time Gross Settlement, RTGS, payment settlement, United Kingdom, Europe

Nick Ogden, Microsoft launch new network for cross-border payments

News | Payments General | 03 Sep 2020

RTGS Global, a global cross-border liquidity network, together with Microsoft have developed a new system which enables banks to gain visibility of liquidity between their counterparties.

cross border payments, WorldPay, ClearBank, RTGS Global, Microsoft, vostro, nostro, Nick Ogden, fintech, central banks, correspondent banking, settlement, reconciliation

Erste Bank Hungary provides request-to-pay using valantic's payments platform

News | Payments General | 02 Sep 2020

Erste Bank Hungary, a subsidiary of the Austrian Erste Group since 1997, has started offering its own system for processing request-to-pay (R2P) via partnership with valantic.

valantic, Real Time Payment Engine, RTPE, request to pay, banking, settlement, SWIFT, reconciliation, payment request, ID, Erste Bank Hungary, payments hub, Hungary