Payments

How can We Create New Value through ACH Networks?

In 2013, ACH (Automated Clearing House) Network volume grew to almost 22 billion electronic payments, an increase of 4 percent over 2012, as per statistics by NACHA — The Electronic Payments Association. A total of $38.7 trillion was transferred over ACH Network in 2013, increasing almost 5 percent compared with...

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Payments

Paymetric Collaborates with Ingenico to Boost its Multicurrency Functionality

On 23rd July 2014, Paymetric, the global leader in integrated, secure electronic-payment management, announced a partnership with Ingenico Payment Services to enhance the multicurrency functionality of its catalog of payment solutions. Paymetric’s innovative payment-acceptance solutions improve e-payment acceptance rates and reduce the scope and financial burden of PCI compliance. Several leading...

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BankTech

India made a Great move in Payments, Thanks to RBI

Last week, the Reserve Bank of India paved the way for niche banking by issuing guidelines for two new categories of banks: “small” and “payments.” The idea was to enhance financial inclusion in India. The interesting part is the idea of payment banks. Traditional nonbanking companies are eligible to apply...

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