Tag: transactions


CFPB proposes new laws to stamp out NSF fees for transactions declined in real time

January 25, 2024

Via: FinTech Futures

NSF fees are typically incurred when a transaction is processed and then declined due to lack of funds through payments made via cheques, electronic authorisations or the Automated Clearing House (ACH). Data published by the Bureau in 2022 suggests that […]

Activity, Investment Banking

2023 Foreign Direct Investment Year End Update: Continued Expansion of FDI Regulations

December 20, 2023

Via: JD Supra

As previously reported, regulations and restrictions on Foreign Direct Investment (“FDI”) have expanded quickly in the United States and in many of its trading partner countries around the world. FDI has been further complicated in the U.S. by the passage […]


How Embedded Payment Solutions are Driving Customer Loyalty

November 21, 2023

Via: Spiceworks

Explore the evolution of payment solutions with David Sharp, EverCommerce General Manager. Discover how embedded payment options enhance customer loyalty and satisfaction. In today’s digital age, how businesses handle payments has evolved dramatically. Gone are the days when customers had […]

Activity, Retail Banking

JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US

October 23, 2023

Via: FinTech Futures

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their […]


Global Retail Pos Terminals Market to value USD 60 Bn by 2030, Predicts Global Market Insights Inc.

September 12, 2022

Via: PR Newswire

The Retail Pos Terminal Market revenue is expected to cross a valuation of US$ 60 billion by 2030, according to latest research study by Global Market Insights Inc. The growing customer inclination towards cashless transactions as a leading factor driving […]

Capital and Risk, Channels, Operational

Accepting Payments? Here’s How To Avoid Internal Data Conflicts

December 27, 2021

Via: TechBullion

Business owners know that data entry errors can lead to a lot of wasted time and money. But they also may not realize the extent to which those errors could be avoided by taking small precautions. For example, if you’re […]

Activity, Retail Banking

Frost Bank gives direct deposit customers early paycheck access

July 13, 2021

Via: Banking Dive

San Antonio-based Frost Bank launched a new feature for its direct deposit account holders that allows them to access their wages up to two days early, the bank announced Tuesday. “People come up short from time to time,” said Jimmy […]


Principles to Drive Digital Banking Transformation

July 13, 2021

Via: Bank Director

In the earliest moments just after midnight on January 1 each year, millions of people worldwide establish resolutions. While I won’t bore you with my resolution for 2020, I will admit that it was not to spend 11 months of […]


Emergence and Rising Adoption of Cryptocurrencies Stimulates Fintech Blockchain Market

May 19, 2021

Via: TechBullion

Blockchain technologies use a shared ledger of sorts to record transactions over a decentralized network of computational devices. Blockchain technologies enable operations in real time, thus taking away the need for a central clearing authority. This saves time as well […]


Electronic payments surged for banks in 2020

April 13, 2021

Via: Payments Dive

Digital payments have clearly been catching on with the annual volume climbing by more than a billion annually in each of the past six years and the annual value growing by more than $1 trillion in each of the last […]


Visa pilots US stablecoin with to settle transactions

March 30, 2021

Via: FinTech Futures

The USD Coin option, which is pegged to the US dollar, will become available to more partners “later this year”, the card issuing giant said on Monday. “We see increasing demand from consumers across the world to be able to […]

Channels, Regulations

Trump bans transactions through Chinese apps including Alipay

January 7, 2021

Via: FinTech Futures

According to Reuters, Trump issued the executive order just 15 days before his successor, Joe Biden, is set to be inaugurated. It bans transactions in the US via major Chinese Big Tech wallet providers including Ant Group and Tencent. President-elect […]

Activity, Corporate Banking

Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals

November 25, 2020


Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s […]

Activity, Corporate Banking

Lloyds group to close 56 more UK branches this year

January 30, 2020

Via: Banking Technology

Between April and October 2020, 31 Lloyds branches will be shut, as well as 10 of the group’s Halifax branches and 15 of the group’s Bank of Scotland branches. It is understood that Lloyds group has closed a around 655 […]


PayPal sues US regulator over its “misleading” digital wallet rules

December 17, 2019

Via: Banking Technology

The payments provider is arguing that the regulator has dismissed its arguments that digital wallets do not operate in the same way as reloadable debit cards. As a result, PayPal says the agency’s guidelines are forcing it to be “misleading […]

Capital and Risk, Operational

Deutsche Bank Offices Are Searched in Money Laundering Investigation

November 29, 2018

Via: The New York Times

One hundred seventy officers searched the headquarters of Deutsche Bank in Frankfurt and five other sites in the area early Thursday as part of a money-laundering investigation involving hundreds of millions of euros, prosecutors in Frankfurt said. Two employees, who […]


Top tier banks pass first transactions on trade finance blockchain

April 19, 2018

Via: Finextra

Batavia, a blokchain-based trade finance platform developed by a consortium of international banks and IBM, has passed its first live pilot transactions with corporate clients. Jointly developed by Bank of Montreal (BMO), CaixaBank, Commerzbank, Erste Group, IBM and UBS, the […]

Channels, Retail Banking

Wells Fargo to launch real-time P2P payments in US

June 28, 2016

Via: Banking Technology

Wells Fargo will launch real-time person-to-person (P2P) transactions in the US – for more than 17 million mobile customers. Beginning 1 August, the service will allow Wells Fargo’s customers to send funds in real-time at “no cost” to any customer […]


Payoneer acquires Armor Payments to create global alternative to LCs

March 15, 2016

Via: Banking Technology

Armor Payments, co-founded by former PayPal Director, Scott Reynolds, is the “only licensed B2B payments provider offering Escrow-as-a-Service (EaaS)”. Through the acquisition, the new integrated Armor Payments Payoneer Escrow solution will allow B2B buyers and suppliers to engage in cross-border […]

Capital and Risk, Operational

As Transactions Speed Up, How Will Banks Fight Fraud?

March 14, 2016

Via: Bank Innovation

Bank of America and U.S. Bank are the latest banks to sign on to realtime payments, joining Early Warning’s clearXchange network earlier this week. As more banks sign on to the number one name in real-time transactions, the most irksome, […]