Tag: Clearing & Settlement
CFPB proposes new laws to stamp out NSF fees for transactions declined in real time
The US Consumer Financial Protection Bureau (CFPB) proposes a ban on fees for non-sufficient funds (NSF) charged by banks, credit unions, and certain...
NPCI teams up with Google Pay to expand UPI beyond India
Partnership: Google Pay India and NPCI's international payments subsidiary sign MoU for UPI expansion.
Objectives: Three main goals include enabling global travelers to use UPI,...
ClearBank names Paul Staples as new group head of embedded banking
New Appointments at ClearBank:ClearBank, the UK-based clearing and embedded banking platform, has appointed Paul Staples as its new Group Head of Embedded...
Banco de España announces partners for wholesale CBDC trials
CBDC Trials in Spain:Banco de España, Spain's central bank, has awarded contracts for a six-month pilot project to trial the use of...
UK’s PSR proposes cross-border interchange fee cap
The UK's Payment Systems Regulator (PSR) proposes a new cap on cross-border interchange fees.
Visa and Mastercard, responsible for 90% of online transactions...
Central Bank of Colombia partners ACI Worldwide for real-time payments system
Partnership Announcement: The Central Bank of Colombia, Banco de la República, collaborates with global payments software firm ACI Worldwide.
Technology Selection: ACI's Enterprise Payments Platform...