Articles with tag like: settlement

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Plaid agrees to pay USD 58 mln sanction

News | Payments General | 09 Aug 2021

Plaid has agreed to pay USD 58 million to resolve consumers' claims that the financial technology company obtained and used bank account credentials and financial information without consent.

Plaid , settlement, fintech, personal finance management

KAL, EVO Payments to deliver new ATM service in Europe

News | Online Payments | 07 Jul 2021

UK-based independent ATM software company KAL has teamed with payments technology company EVO Payments to develop an ATM service which is now available across Europe.

partnership, online payments, ATM, settlement, payments infrastructure

SnapSwap selects Banking Circle to boost its payment processing

News | Payments General | 22 Jun 2021

SnapSwap, a provider of digital transformation solutions for financial services & businesses, has selected Banking Circle to deliver payments for its customers.

partnership, Banking Circle, reconciliation, settlement, payment processing

Bank of England publishes new Omnibus Accounts Access Policy

News | Payments General | 07 Jun 2021

The Bank of England has updated its website with a new Omnibus Accounts Access Policy.

Bank of England, central bank, settlement, real-time payments, payment processing

Bank of Korea to test CBDC functionality

News | Payments General | 24 May 2021

South Korea’s central bank has announced plans to conduct a mock test on the functionality of a central bank digital currency (CBDC), according to Yahoo Finance.

CBDC, central bank, remittance, settlement, payment processing

Börger completes blockchain-enabled trade finance pilot on Marco Polo

News | Payments General | 18 May 2021

Global industrial product manufacturer, Börger, has recently completed their first blockchain-enabled trade finance pilot on Marco Polo, a distributed ledger technology (DLT) powered platform.

trade finance, blockchain, DLT, settlement, reconciliation

Bank of America settles for USD 75 mln over excessive fees

News | Payments General | 17 May 2021

Bank of America has agreed to pay USD 75 million to settle a lawsuit accusing the bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, Reuters says.

Bank of America, settlement, bank account

The Central Bank of Bahrain selects JP Morgan for digital currency settlement trial

News | Payments General | 17 May 2021

The Central Bank of Bahrain has selected JP Morgan for a digital currency pilot, that aims to address the current limitations in cross-border payments.

JP Morgan, central bank, digital currency, settlement, blockchain, partnership

Tokenised blockchain banking solution provider Adhara gets USD 7.5 mln

News | Cryptocurrencies | 10 May 2021

Adhara has raised a USD 7.5 million Series A round led by Germany’s Yabeo and the UK’s Force Over Mass Capital (FOM).

blockchain, funding, tokenization, CBDC, banks, settlement

Omnio selects AutoRek for reconciliation solutions

News | E-invoicing, SCF & E-procurement | 30 Apr 2021

Omnio has selected Scottish fintech company, AutoRek, a software provider to global financial services firms, for reconciliation solutions.

partnership, fintech, reconciliation, settlement, digital banking, financial services

Broadridge Financial, AccessFintech to assist with settlement failures

News | Payments General | 24 Mar 2021

Broadridge Financial Solutions has partnered with AccessFintech to deliver a strategic gateway for settlement workflow that should resolve multi-party settlement fails. 

partnership, data, cloud, regulation, product launch, settlement, payment processing

New SWIFT joint venture to set up localised data warehouse for China's central bank

News | Payments General | 24 Mar 2021

China's central bank has announced that the newly established joint venture with the Belgium-based SWIFT financial messaging service will set up a localised data warehouse.

SWIFT, Swift messages, cross-border payments, payments infrastructure, settlement, banks

Ripple, MoneyGram to end their agreement

News | Cryptocurrencies | 09 Mar 2021

Ripple Labs and MoneyGram have decided to wind down their partnership agreement, according to CoinDesk.

XRP, Ripple, settlement, Token

HIPS, Banking Circle to offer on-the-spot currency conversion

News | Online & Mobile Banking | 02 Feb 2021

Ireland-based HIPS and licensed bank Banking Circle have announced their partnership, which enables Hips to offer settlement with domestic payment rails.

HIPS, Banking Circle, partnership, currency conversion, settlement, Payment Rails, financial infrastructure, banks, payouts

HK, Singapore to help BIS advance CBDC development

News | Cryptocurrencies | 25 Jan 2021

The Bank for International Settlements (BIS) has announced that CBDC research will be a top priority in the coming year for its Innovation Hub.

CBDC, BIC, Central banks, stablecoins, tokenisation, DLT, settlement, payments, retail CBDC

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

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

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

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