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Category Archives: payments
Low-Code Can Compensate For Shortage Of Programmers In Financial Services
The financial services industry needs to use low code development because it doesn’t have the time or the people to create services the old fashioned way, says Omar Arab, vice president of business development at Veritran. The company provides a … Continue reading
Posted in digital banking, payments, security, Uncategorized
Tagged APIs, digital wallets, front end, low code
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Volante Offers SWIFT Message Validation on AWS
– Volante Technologies, a global provider of messaging and payments technology both in-prem and in teh cloud, today announced it has launched financial message validation on the cloud, available as an Amazon Machine Image (AMI) on the AWS Marketplace. Like … Continue reading
Helping Employees Avoid Late Fees, Bounced Checks And Pay Day Lending With Their Own Money
PayActiv gives workers access to the money they have earned without requiring them to wait two weeks for their paycheck, said Safwan Shah, the company’s CEO. It advances the money and then is reimbursed by the employer when checks or … Continue reading
Posted in digital banking, fintech, payments, Uncategorized
Tagged advance pay, hourly workers, Walmart
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DHS Updates U.S. Critical Infrastructures Including Payments And Securities Settlement
The U.S. Department of Homeland Security last week released an update to its list of 16 critical infrastructures, which included financial services such as payments and clearing and settlement of securities. “The Financial Services Sector-Specific Plan details how the National … Continue reading
Posted in fintech, payments, security, Uncategorized
Tagged Accenture, custody, DHS, fraud, payments, Risk management, Secret Service, US Treasury
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Russia’s Yandex.Money’s E-Wallet Goes Multi-Currency
Yandex.Money, the largest online payments services in Russia, has introduced a new service for multi-currency accounts and cards. In addition to rubles, the service allows users to keep money and pay in 10 foreign currencies: US dollars, euros, British pounds, … Continue reading
Posted in fintech, payments
Tagged API, Brett King, e-wallet, FX, Moven, multi-currency, Sberbank
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Why The Fed Will Create Its Own Real-Time Payments System
Prediction — The Federal Reserve will announce before Labor Day that it will build a real-time payment system to offer an alternative to the system that has been started by TCH and Mastercard using the Vocalink technology it acquired when … Continue reading
Posted in fintech, payments
Tagged banking, Color of Money, Federal Reserve Faster Payments, minority banking, real-time banking, regulation, RTGS, TCH Federal Resereve, the unbanked
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