Fedwire

Webtel.mobi publishes a detailed article on why the US Dollar is not under threat as Global Reserve Currency, nor a consideration for Global Financial Reform

Retrieved on: 
Thursday, March 28, 2024
CHIPS, Finance, Learning, Stasis, Financial services, Travel, ALL, Local, Routing, City, Parity, Senior management, TCH, Communication, Control, Fiat, Telecommunications, Policy, World War II, Person, RTAI, Station, Global Telecommunications System, Management, CIPS, Distribution, Old, Security, FX, Global financial system, Uber, Signal, Telephony, CLS Group, RTGS, IBAN, Comment, Financial system, Payment card, Wi-Fi, Paralysis, LCH, Local currency, Fedwire, CME, Global Operations, Centralisation, Century, Platform 1, Conversion, Cryptocurrency

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.

Key Points: 
  • It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.
  • Through these decisions, so-called Reserve Currencies, Illiquid Currencies, Exchange Rates, Currency Flows, Currency Exchange and all other aspects of the Global Economic and Financial System are determined.
  • This situation is – and will be – impossible to alter without reform of the Global Financial System.
  • The Global Financial System functions like a railway network, with:
    A System of Railway Tracks on which all Carriages (i.e.

Orum Connects to the Federal Reserve, Advancing U.S. Payment System

Retrieved on: 
Wednesday, February 28, 2024
Professional Services, Payments, Security, Technology, Software, Fintech, Banking, FedNow, Verification, Federal Reserve Bank, Organization, RTP, Federal Reserve, Federal, Fedwire, FedACH, API, Bank

The direct connection to the Federal Reserve’s payment rails as a service provider is part of Orum’s new money movement API, Deliver.

Key Points: 
  • The direct connection to the Federal Reserve’s payment rails as a service provider is part of Orum’s new money movement API, Deliver.
  • The Deliver API orchestrates and optimizes money movement through Federal Reserve payment rails on behalf of banking institutions.
  • “We’re thrilled to be among a small number of fintechs capable of supporting live transaction activity through the Federal Reserve’s payment rails,” said Stephany Kirkpatrick, founder and CEO of Orum.
  • The new API launch comes just months after Orum created a first-of-its-kind solution – Verify – that instantly verifies bank accounts.

Navy Federal Credit Union Partners With Alacriti

Retrieved on: 
Thursday, December 7, 2023
TCH, Navy Federal Credit Union, Navy, ACH, Alacrity, ISO, The Clearing House, Fedwire, Clearing house, RTP, Life insurance

BRIDGEWATER, N.J., Dec. 7, 2023 /PRNewswire-PRWeb/ -- Navy Federal Credit Union, the world's largest credit union, with $166 billion in assets and more than 13,000,000 members, has partnered with Alacriti, an innovator in cloud-based payments and money movement services, as the platform provider for Navy Federal to enable real-time payments over The Clearing House's (TCH) RTP® network.

Key Points: 
  • BRIDGEWATER, N.J., Dec. 7, 2023 /PRNewswire-PRWeb/ -- Navy Federal Credit Union , the world's largest credit union, with $166 billion in assets and more than 13,000,000 members, has partnered with Alacriti , an innovator in cloud-based payments and money movement services, as the platform provider for Navy Federal to enable real-time payments over The Clearing House's (TCH) RTP® network.
  • "By gaining access to TCH's RTP network through our payments hub, Navy Federal is able to offer a top-notch member experience and drive operational savings."
  • Navy Federal has deployed Alacriti's cloud-native, ISO 20022-based Orbipay Payments Hub , a payment-as-a-service solution that's cloud-based and integrates with many banking cores.
  • "We are thrilled that Navy Federal Credit Union has joined the RTP Network.

Horizen Labs and Stably Launching ZUSD Stablecoin on the Horizen EON Network

Retrieved on: 
Tuesday, November 7, 2023
ZEN, EON, Ethereum, Decentralized finance, Web3, USDC, Mastercard, Visa, ACH, OFAC, Small Self Administered Scheme, Growth, Partnership, KYC, Fedwire, USD, BSA/AML, Cryptocurrency, Stably finite ring, Horizon

NEW YORK, NEW YORK | November 06, 2023 11:06 AM Eastern Standard Time

Key Points: 
  • NEW YORK, NEW YORK | November 06, 2023 11:06 AM Eastern Standard Time
    In a significant collaboration between two innovators in the blockchain space, Horizen Labs and Stably are excited to introduce the ZEN USD (symbol: ZUSD ) on the Horizen EON network.
  • The launch marks the inauguration of the first natively-issued US Dollar stablecoin on the EON network, a cutting-edge EVM-compatible sidechain and smart contract platform developed by Horizen.
  • ZUSD, the outcome of a collaborative effort between Stably and Horizen Labs, is a fully-backed US Dollar stablecoin.
  • The network's developer-centric approach played a pivotal role in enabling Stably to deploy ZUSD on Horizen EON in just under two months.

Allocations Joins Layer2 Financial to Streamline Fund Administration and Drive Innovation

Retrieved on: 
Wednesday, November 1, 2023
Ethereum, Bitcoin, LP record, Budd SPV-2000, Entity Framework, Investment, Partnership, SAN, ACH, Fedwire, API, Asset management, Cryptocurrency, Allocation

SAN FRANCISCO, Nov. 1, 2023 /PRNewswire/ -- Layer2 Financial, a leading digital asset platform, is excited to announce a strategic partnership with AI-powered fund administrator, Allocations.

Key Points: 
  • SAN FRANCISCO, Nov. 1, 2023 /PRNewswire/ -- Layer2 Financial, a leading digital asset platform, is excited to announce a strategic partnership with AI-powered fund administrator, Allocations.
  • This collaboration aims to revolutionize fund administration by enabling asset managers to launch Special Purpose Vehicles (SPVs) and funds quickly, efficiently, and cost-effectively.
  • By joining forces with Layer2 Financial, Allocations gains access to a robust suite of tools and services that streamline the process of opening bank accounts and custodial digital asset accounts for SPVs and funds.
  • The partnership between Layer2 Financial and Allocations embodies the companies' shared commitment to innovation and providing reliable, dependable solutions to their customers.

Metropolitan Commercial Bank Partners with Finzly for Advanced Payment Processing

Retrieved on: 
Tuesday, October 17, 2023
Professional Services, Payments, Small Business, Technology, Finance, Fintech, Banking, FedNow, Partnership, Fedwire, Bank, Commercial bank, EVP, ACH, Cryptocurrency

Metropolitan Commercial Bank (the “Bank”) is pleased to announce a partnership with leading cloud-based payments platform, Finzly.

Key Points: 
  • Metropolitan Commercial Bank (the “Bank”) is pleased to announce a partnership with leading cloud-based payments platform, Finzly.
  • By leveraging Finzly's modern payment hub, Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow.
  • Through Finzly's advanced payment infrastructure, we now lead the way in delivering advanced payment experiences, positioning us at the forefront of financial innovation."
  • "We are deeply honored to be chosen as Metropolitan Commercial Bank's payment solutions partner," said Booshan Rengachari, Founder, and CEO of Finzly.

Metropolitan Commercial Bank Partners with Finzly for Advanced Payment Processing and Tailored Business Banking Solutions

Retrieved on: 
Tuesday, August 1, 2023
Partnership, Federal, Fedwire, GL, API, ACH, The Clearing House, AML, Federal Reserve, OFAC, FedNow, Ecosystem, Clearing house, Bank, Financial services, Cryptocurrency

CHARLOTTE, N.C., Aug. 1, 2023 /PRNewswire-PRWeb/ -- Finzly, a cutting-edge payment solutions provider, has announced a strategic partnership with New York-based Metropolitan Commercial Bank, a financial institution known for its strong commitment to business banking and success within the payments ecosystem.

Key Points: 
  • Using Finzly's advanced payment infrastructure, Metropolitan Commercial Bank is set to transform its payment operations, covering ACH, Fedwire, and FedNow for its customers and industry partners.
  • The collaboration represents a significant milestone in enhancing Metropolitan Commercial Bank's payment processing capabilities and offering a superior banking experience to its business customers and industry partners.
  • Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow through the adoption of Finzly's payment infrastructure.
  • Additionally, by integrating Finzly's innovative business banking platform, the bank plans to introduce customized payment solutions that cater to the specific needs of its diverse business clientele.

Tassat ® Announces Client Connectivity to FedNow, The Federal Reserve’s First Instant Payment Rail

Retrieved on: 
Wednesday, March 22, 2023
Data Management, Banking, Technology, Professional Services, Payments, Blockchain, Other Technology, Software, Other Professional Services, Fintech, Finance, Byline Bank, Federal, Fedwire, Customers Bancorp, API, Federal Reserve, Axos Bank, WAL, FedNow, NYSE, Cryptocurrency, Western Alliance Bancorporation

With the introduction of FedNow, the Federal Reserve will make its first national update since the 1970s, bringing real-time payments to the financial sector around the clock.

Key Points: 
  • With the introduction of FedNow, the Federal Reserve will make its first national update since the 1970s, bringing real-time payments to the financial sector around the clock.
  • Tassat already offers Fedwire connectivity to all of its bank partners and is a FedNow Service Provider Showcase participant.
  • That needs to change, and we are excited for the arrival of FedNow,” said Kevin R. Greene, Chairman and CEO of Tassat Group.
  • The results have created strong corporate banking relationships, increased deposits, and opportunities to provide other profitable financial services.

SymphonyAI expands Microsoft collaboration, adding NetReveal Watch List Management to Microsoft Azure Marketplace

Retrieved on: 
Tuesday, February 28, 2023
Cloud, Data management, News, Intelligence, CPG, Microsoft Azure, Organization, PEP, Fedwire, Running, PEPS, MX, Azure, WLM, APM, MOM, ITSM, PALO, Sensa, Microsoft, SVP, ACH, Person, Risk management, Circle-Vision 360°, Cryptocurrency, Drug, Video game

PALO ALTO, Calif., Feb. 28, 2023 /PRNewswire/ -- SymphonyAI, a leader in high-value enterprise AI SaaS for strategic industries, announced today it is further expanding its role as a Microsoft partner, adding market-leading SymphonyAI NetReveal Watch List Management (WLM) solutions to the suite of SymphonyAI vertical offerings available via the Microsoft Azure Marketplace. Combining both sanctions name screening and transaction screening, NetReveal WLM helps financial institutions effectively comply with sanctions regulations by dynamically screening customers, employees, connected parties, entities, and transactions against rapidly changing, complex watch lists.

Key Points: 
  • Driving financial crime management transformation, NetReveal Watch List Management joins SymphonyAI Sensa, also available in the Microsoft Azure Marketplace.
  • "With Microsoft Azure, SymphonyAI NetReveal is making improved risk management easier to access and deploy for regulated organizations worldwide," said Mike Foster, president and CEO of SymphonyAI NetReveal.
  • The SymphonyAI solutions available through the Microsoft Azure Marketplace can be sold by the Microsoft sales team, expanding the reach of both companies' offerings.
  • All SymphonyAI solutions available through the Microsoft Azure Marketplace run on Microsoft Azure, alleviating the added cost of storage and computational capabilities required when running AI outside a cloud ecosystem.

TassatPay® Exceeds $1 Trillion in Real-Time Transactions

Retrieved on: 
Wednesday, February 8, 2023
Technology, Insurance, Finance, Banking, Professional Services, Blockchain, Software, Networks, Data Management, Customers Bancorp, Axos Bank, FDIC, Byline Bank, NYSE, Signature Bank, Western Alliance Bancorporation, Network, Privacy, WAL, Fedwire, B2B, Smart contract, Cryptocurrency

Launched in 2019, TassatPay is the only private permissioned blockchain-based platform for B2B payments that is fully deployed within the U.S. banking system.

Key Points: 
  • Launched in 2019, TassatPay is the only private permissioned blockchain-based platform for B2B payments that is fully deployed within the U.S. banking system.
  • It also enables banks to utilize comprehensive Smart Contract capabilities and fully integrated Fedwire functionality.
  • “At Tassat, we are dedicated to providing banks with the tools they need to compete and win in an increasingly digital economy.
  • TassatPay exceeding $1 trillion in transactions is a major milestone and a testament to Tassat Group’s ongoing innovation within the financial services industry,” said Kevin R. Greene, Chairman and CEO of Tassat Group.