Faster Payments Service

U.S. Bancorp Updates Schedule for Earnings Conference Calls

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Thursday, December 1, 2022

Banking, Professional Services, Finance, NYSE, Bank holding company, Corporation, USB, Public sector banks in India, Faster Payments Service, Commercial bank, Social responsibility, Corporate Commercial Bank, MUFG Union Bank, Acquisition, Clothing, Bank, U.S. Bancorp

U.S. Bancorp (NYSE: USB) announced today that it has completed the acquisition of MUFG Union Banks core regional banking franchise.

Key Points:

U.S. Bancorp (NYSE: USB) announced today that it has completed the acquisition of MUFG Union Banks core regional banking franchise.
Subsequently, U.S. Bancorp has updated its schedule of conference calls to review quarterly financial results.
U.S. Bancorp, with approximately 70,000 employees and $601 billion in assets as of September 30, 2022, is the parent company of U.S. Bank National Association.
The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services.

Ascert Releases Major Update to VersaTest Testing Software

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Thursday, November 17, 2022

ATM, Growth, Database, E-commerce, Housekeeping, DevOps, ISO, MariaDB, Research, ISO8583, POS, Certification, EFT, EMV, Faster Payments Service, Atmosphere, Online shopping, Cryptocurrency, Video game console

SAUSALITO, Calif., Nov. 17, 2022 /PRNewswire-PRWeb/ -- Ascert's newest VersaTest release represents significant changes in the evolution of testing software. Over the past three decades, VersaTest has become the de facto choice for testing large message-based systems, such as those used by the world's major financial institutions. Rapid growth in mobile transactions and new modes of eCommerce have increased the need for scalable, high-performance, and flexible testing technologies.

Key Points:

SAUSALITO, Calif., Nov. 17, 2022 /PRNewswire-PRWeb/ -- Ascert's newest VersaTest release represents significant changes in the evolution of testing software.
Over the past three decades, VersaTest has become the de facto choice for testing large message-based systems, such as those used by the world's major financial institutions.
Off-the-shelf simulators for Ascert's VersaTest product include solutions for EFT testing , POS testing, stress testing , ATM testing , Fraud testing, IFX testing, EMV/chip card testing , ISO8583 testing, ISO 20022 testing , Faster Payments testing , and 3270 & 6530 terminal testing .
Ascert's products assist testing professionals across industry segments to better manage their testing processes and environments through an end-to-end toolset.

U.S. Bank Increases Prime Lending Rate to 7.00 Percent

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Wednesday, November 2, 2022

Banking, Professional Services, Finance, Social responsibility, Corporation, Bank holding company, NYSE, U.S. Bancorp, USB, Corporate Commercial Bank, Public sector banks in India, Commercial bank, Faster Payments Service, Bank

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 7.00 percent from 6.25 percent, effective tomorrow, November 3, 2022, at all U.S. Bank locations.

Key Points:

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 7.00 percent from 6.25 percent, effective tomorrow, November 3, 2022, at all U.S. Bank locations.
U.S. Bancorp with nearly 70,000 employees and $601 billion in assets as of September 30, 2022, is the parent company of U.S. Bank National Association.
The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services.
The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2021 Worlds Most Ethical Companies.

Nuvei launches instant settlement in new geographies

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Thursday, October 20, 2022

GLOBE, USDT, Euro, Instant, United States dollar, Risk, Treasury, Blockchain, TSX, RTP, Technology, Faster Payments Service, Cryptocurrency, Nuvei

While merchants in many countries benefit from instant settlement through various payment schemes such as Instant SEPA, RTP or Faster Payments, alternatives are not always available in all corners of the world.

Key Points:

While merchants in many countries benefit from instant settlement through various payment schemes such as Instant SEPA, RTP or Faster Payments, alternatives are not always available in all corners of the world.
"The addition of settlement through the EUROC and USDT stablecoins helps merchants build their next-generation payment treasury, said Nuvei President Yuval Ziv.
Nuvei already offers its merchants instant settlement in locations where Instant SEPA, RTP and Faster Payments are available in fiat currencies.
"Providing instant settlement for merchants is part of the broader real-time payments initiatives designed to shape the future of payments, said Ziv.

Nacha, Faster Payments Council and Payments Associations Announce Accredited Faster Payments Professionals Program

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Wednesday, September 28, 2022

HERNDON, Va., Sept. 28, 2022 /PRNewswire-PRWeb/ -- Today, Nacha, the U.S. Faster Payments Council (FPC) and our nation's Payments Associations announced a first-of-its-kind alliance to create the Accredited Faster Payments Professional (AFPP) program. This partnership demonstrates a cross-industry collaboration to benefit the entire payments community.

Key Points:

Faster Payments Council (FPC) and our nation's Payments Associations announced a first-of-its-kind alliance to create the Accredited Faster Payments Professional (AFPP) program.
Faster Payments Council (FPC) and our nation's Payments Associations announced a first-of-its-kind alliance to create the Accredited Faster Payments Professional (AFPP) program.
Earlier this year, Nacha launched the Faster Payments Professional (FPP) Certificate Program, and the first modules will be available in the fourth quarter.
"The entire payments industry will greatly benefit from this collaboration that will create a robust program where diverse payments professionals can exhibit their faster payments knowledge and expertise."

FintechCashier is about to release a new banking business model "Lite Label" Banking-As-A-Service.

Retrieved on:

Friday, September 23, 2022

LONDON, Sept. 23, 2022 /PRNewswire/ -- FintechCashier's new banking business model and future services are promising.

Key Points:

LONDON, Sept. 23, 2022 /PRNewswire/ -- FintechCashier's new banking business model and future services are promising.
The London-based FintechCashier proudly announces opening up the complete range of digital banking possibilities to its customers via a significant subscription model in response to a huge increase in demand for BaaS services throughout the world.
"The "Lite Label" Banking-As-A-Service delivers creative and innovative Fintech Solutions to our new clients of all sizes and industries to improve their business tremendously."
FintechCashier is keeping up with these developments that led to the emergence of a new player in the digital banking industry.

FintechCashier is about to release a new banking business model "Lite Label" Banking-As-A-Service.

Retrieved on:

Friday, September 23, 2022

LONDON, Sept. 23, 2022 /PRNewswire/ -- FintechCashier's new banking business model and future services are promising.

Key Points:

LONDON, Sept. 23, 2022 /PRNewswire/ -- FintechCashier's new banking business model and future services are promising.
The London-based FintechCashier proudly announces opening up the complete range of digital banking possibilities to its customers via a significant subscription model in response to a huge increase in demand for BaaS services throughout the world.
"The "Lite Label" Banking-As-A-Service delivers creative and innovative Fintech Solutions to our new clients of all sizes and industries to improve their business tremendously."
FintechCashier is keeping up with these developments that led to the emergence of a new player in the digital banking industry.

U.S. Bank Increases Prime Lending Rate to 6.25 Percent

Retrieved on:

Wednesday, September 21, 2022

Banking, Professional Services, Finance, Social responsibility, Commercial bank, Public sector banks in India, Corporation, Faster Payments Service, USB, Corporate Commercial Bank, NYSE, Bank holding company, Bank, U.S. Bancorp

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 6.25 percent from 5.50 percent, effective tomorrow, September 22, 2022, at all U.S. Bank locations.

Key Points:

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 6.25 percent from 5.50 percent, effective tomorrow, September 22, 2022, at all U.S. Bank locations.
U.S. Bancorp, with approximately 70,000 employees and $591 billion in assets as of June 30, 2022, is the parent company of U.S. Bank National Association.
The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services.
The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 Worlds Most Ethical Companies and Fortunes most admired superregional bank.

PCI Pal launches open banking payments for contact centers: the first in a series of new payment products

Retrieved on:

Wednesday, September 21, 2022

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has announced the launch of its Pay By Bank open banking solution for contact centers.

Key Points:

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has announced the launch of its Pay By Bank open banking solution for contact centers.
Pay by Bank from PCI Pal uses bank-grade security from our technology partner TrueLayer and is seamlessly integrated to PCI Pals existing agent-assisted contact center solutions.
Pay by Bank from PCI Pal allows merchants to achieve the true benefits of open banking technology within their contact center.
For more information regarding PCI Pal, visit www.pcipal.com call +44 207 030 3770 to arrange a demonstration or follow PCI Pal on LinkedIn: https://www.linkedin.com/company/pci-pal/ .

Upgrading UK’s Ageing Payments Infrastructure to Boost UK GDP by $3.8bn by 2026 – ACI Worldwide and Cebr report

Retrieved on:

Thursday, September 1, 2022

Upgrading the UKs ageing payments infrastructure and increasing real-time payments adoption are forecast to boost the UK economy by $3.8 billion 0.11% of formal GDP by 2026, according to a new study published by ACI Worldwide , (NASDAQ: ACIW), Global Data , and the Centre for Economics and Business Research (Cebr).

Key Points:

Upgrading the UKs ageing payments infrastructure and increasing real-time payments adoption are forecast to boost the UK economy by $3.8 billion 0.11% of formal GDP by 2026, according to a new study published by ACI Worldwide , (NASDAQ: ACIW), Global Data , and the Centre for Economics and Business Research (Cebr).
According to the Cebr, the untapped potential of real-time payments in the UK is enormous the theoretical impact of all payments being real-time could boost the UKs economy by up to $98.0 billion in 2026, or 2.7% annually.
Therefore, many emerging and developing countries are leapfrogging the UK to reap the full economic benefits that real-time account-to account payments bring.
Our theoretical modelling suggests the impact of all payments being real-time could add 2.7% to formal GDP by 2026.