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Instant Eft Providers Reply To Bank Disapproval - Latest News

Instant EFT providers reply to bank disapproval

They added that customers who use these services are in violation of the bank’s terms and conditions ... Following the chorus of disapproval towards these services, MyBroadband reached out to major ... read more

Digital Banker of the Year: Fifth Third’s Tim Spence

In the 1970s, the company formed Midwest Payments Systems to provide electronic funds transfer ... health care network providers in their auto reconciliation with health insurance companies. Though ... read more

Morgantown Bank & Trust in core banking tech revamp with CSI

as its new core banking software provider. The bank is converting to CSI’s NuPoint core processing solution, delivered on a hosted/cloud basis. It will also implement the vendor’s software for digital ... read more

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CBN to fine banks N10k, if they fail to reverse failed electronic transaction within 24hrs

The central bank of Nigeria has released a ‘Circular on the Regulation on Instant Interbank Electronic Funds Transfer Services in Nigeria ... payment service providers and other stakeholders across ... read more

FNB working with regulators to crack down on instant EFT services

Instant EFT services responded to this disapproval from local banks ... FNB Retail CEO Raj Makanjee said that the bank does not support Instant EFT platforms. “The challenge is that in order for those ... read more

Euronet Worldwide Reports Fourth Quarter and Full Year 2018 Financial Results

Feb. 07, 2019 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (EEFT), a leading electronic payments provider, reports fourth quarter ... together with beneficial income tax ... read more

The new CBN guidelines on e-transactions

As part of its effort to address the problems of inefficiency in the banking industry, the Central Bank of Nigeria (CBN ... are contained in a circular on regulation of instant interbank electronic ... read more

What Is an E-payment System?

Electronic Funds Transfer (EFT): this is an electronic system used to transfer money from one bank account ... make transactions and instant payment of bills. It is also known as a chip card. ... read more

First Data to acquire Brazilian paytech Software Express

Financial details were not disclosed. Founded in 1986, Software Express provides technology solutions to merchants of different sizes, including multi-acquirer EFT (electronic funds transfer), ... read more

New Payments Partnership Helps Investors Get In On The Ground Floor Of…

To enable payment functionality, GROUNDFLOOR integrated Dwolla’s ACH API to power payments and enable instant bank account verification and ... the Automated Clearing House Network, the electronic ... read more

Phishers Are Upping Their Game. So Should You.

Not long ago, phishing attacks were fairly easy for the average Internet user to spot: Full of grammatical and spelling errors, and linking to phony bank or email logins at ... by your email client or ... read more

Consumer protection: CBN tightens noose on banks

As the Central Bank ... instant inter-bank electronic funds transfer services in Nigeria issued to all deposit money banks, microfinance banks, other financial institutions, mobile money operators, ... read more

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