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Electronic Transfers


SPRINGFIELD, IL — Hundreds of new laws are due to take effect next month in Illinois after legislators returned to lawmaking following the ouster of longtime Speaker Mike Madigan earlier this year. Following Gov. J.B. Pritzker’s COVID-19 disaster declaration last year, Madigan opted to convene the Illinois House for a just single four-day emergency session. …

HSBC Electronic Data Processing Lanka (Pvt) Ltd (HSBC EDPL) is poised to relocate from Rajagiriya to Havelock City’s Grade-A office space, Mireka Tower, set to open in mid-2022, a news release from the developer said.. The finalization of the tenancy “has been further bolstered” by the announcement of HSBC EDPL as its latest tenant, a …

Issued on: 17/12/2021 – 01:23 European Union leaders agreed on Thursday they would impose further economic sanctions on Russia – in tandem with the United States and Britain – if the Russian military invaded Ukraine, although they encouraged more diplomacy with Moscow. Baltic, central and eastern European states believe the bloc itself is also under assault …

CEOs for the airlines American, United and Southwest are slated to come before the Senate Committee on Commerce, Science and Transportation Wednesday (Dec. 15), Seeking Alpha reported. They are expected to talk about issues with mass flight cancellations and staffing shortages, according to the report. The committee is concerned about those topics as the industry …

The Bank for International Settlements (BIS) is setting up a task force on defining common features of cross-border payment service levels. BIS’s Committee on Payments and Market Infrastructures (CPMI) has been working on a multiyear programme on improving cross-border payments since Saudi Arabia made it a priority of its G20 presidency. The latest stage sees …

Americans will have digital dollars accessible through smartphones within a few years. Paper money and checkbooks won’t go away completely, but the overall benefits of digital money are compelling. Most of us already receive paychecks, Social Security benefits and some other payments digitally through direct deposit. We can swap those funds for paper currency or …

Valeria, an employee in her thirties, is extremely careful with her personal information. You never answer calls from numbers you don’t know. However, it was precisely with one from Citibanamex that his ordeal began. Confident of seeing the bank ID on her phone, a young lady informed her that there were charges and transfers from …

​ BBK, Bahrain’s pioneer in retail and commercial banking has announced its plans to unveil an upcoming digital experience to its valued customers. The new initiative will combine new and existing digital services in a revamped package of Mobile and Online Banking that will replace the current Internet Banking and Mobile Banking application and will …

(WGHP) — Toyota and Panasonic’s plans to build a battery-manufacturing facility for electric vehicles at the Greensboro-Randolph Megasite could be revealed on Monday. The Greensboro Chamber of Commerce late Friday scheduled a “major economic development announcement” for Monday afternoon by both state and megasite officials. The announcement will be at 2 p.m., but the site …

Significance Nitrogen, a common component of biomolecules, is sourced from abundant dinitrogen in the atmosphere through conversion to ammonia. Organisms capable of fixing N2 employ nitrogenases, metalloproteins that display metal-sulfide clusters that facilitate electron transfers and substrate activation. The site of N2 conversion to NH3 is FeMco (M = Mo, Fe, or V), a cluster …

MANILA – Rural banks should tap technology to remain competitive in the new normal and to help boost financial inclusion in the countryside, the Bangko Sentral ng Pilipinas said Wednesday. In a forum, BSP Governor Benjamin Diokno urged rural banks to increase participation in the central bank’s National Retail Payment System (NRPS). Electronic transfers InstaPay …

Proceeding with reforms to our business structure, with a focus on profitability, and aiming to be a company that is essential to society President, Representative Director CEO A year of continuing major reforms and showing the way for future growth Review of FY2020 (the year ended March 2020) FY2020 was a year during which we …

Cambodia’s central bank says it will take ‘procedural action’ against ABA after a systems crash on Thursday left customers unable to use ATMs, cards and mobile banking services. The National Bank of Cambodia issued a statement on Friday saying: “On Thursday, November 25, 2021, ABA Bank’s technical system experienced a malfunction from 3:00 am until …

The Ghana Chamber of Telecommunications has advised that the proposed electronic levy (E-Levy) should be implemented in a way that will not impact adversely on the government’s digitisation agenda if approved by Parliament. The chamber said although it was in support of the government’s drive to increase revenue through taxes, the focus should be on …

Finance Minister, Ken Ofori-Atta presenting the 2022 budget of the government in Parliament announced that motorists who ply public roads nationwide will no longer be required to pay road tolls after the budget has been approved. “Government has abolished all tolls on public roads and bridges. This takes effect immediately the Budget is approved,” Ken …

November 21, 2021 The Monday, November 29, it will begin to function fully in Argentina the Transfer 3.0 system, a digital payment mechanism that will make interoperable QR code and that will allow you to use any digital wallet to pay at all shops that they accept this means of payment, regardless of the company …

China recently applied to join the Digital Economy Partnership Agreement, a trade agreement aimed at improving collaboration and trade in the digital economy signed by three Pacific countries – New Zealand, Singapore, and Chile. There are many ways in which China would stand to benefit from joining the agreement, but the country’s recent tightening of …

The ability to transfer money quickly and simply has become one of the essential aspects of our everyday lives, thanks to the advancements in technology. Sending and accepting money online involves many behaviors, from sending money to our family to making online purchases and everything in between. People are making more money transfer transactions every …

Stone / Getty Images This year you’re determined to give your grandchildren a monetary gift for the holidays — rather than the latest trendy trinket. Fortunately, you have quite a few choices, some of which have tax advantages. At the same time, they’re kids, and a savings bond doesn’t have quite the cachet as a …

Asian shares fell Wednesday, tracking Wall Street’s retreat, with Chinese benchmarks leading the decline after the government reported a surge in inflation in October. China’s consumer price index, a main measure of inflation, rose 1.5% in October, up from 0.7% the month before, the National Bureau of Statistics reported. The surge to a 13-month high …

Network for Electronic Transfers (NETS), Singapore’s payment services group announced plans to integrate with Ant Group’s Alipay+ to further enhance the digital payments capabilities of its local merchants at the Singapore Fintech Festival 2021. Introduced by Ant Group since 2020, the Alipay+ solutions are designed to make it easy for businesses, especially small and medium-sized …

By Dr. Rahul Nath Choudhury* Addressing the first session of the 16th Group of 20 (G20) Leaders’ Summit, Chinese President Xi Jinping announced an intention to join the Digital Economy Partnership Agreement (DEPA). President Xi said, ‘China attaches great importance to international cooperation on digital economy and is ready to work for the healthy and orderly …

BY FREDA MIKLINGOVERNMENTAL REPORTER The Villager doesn’t usually report on internal issues in other areas of metro Denver but recent events in Adams County are so unusual we decided to make an exception.  This photo is from December 14, 2018 when newly elected Treasurer Lisa Culpepper was sworn in as the Adams County Treasurer. On …

Close Provided by: Ahoku Electronic Company SEQ_NO 2 Date of announcement 2021/11/02 Time of announcement 17:16:27 Subject The announcement of resolution of board of directors meeting to conduct exchange of securities certificates in relation to the Company name change Date of events 2021/11/02 To which item it meets paragraph 51 Statement 1.Date of occurrence of …

Since the release of the Bitcoin white paper exactly 13 years ago, blockchain technology has revolutionized several industries with multiple use cases, including facilitating money transfers, automated legal contracts, and providing traceability to the supply chain. And a blockchain project advised by the co-inventor of blockchain technology, Dr. Scott Stornetta, has decided to launch their …

Were you too overwhelmed with the bombardment of aggressive cryptocurrency advertising featuring popular Bollywood actors Ayushman Khurana and Ranvir Singh during the Indo-Pak T 20 Match recently? Ever wondered what Cryptocurrency is? Well, this article will simply enlighten you about the latest digital currency fad – Cryptocurrency.  Cryptocurrency is here for everyone to use and …

Making a bank transfer is one of the most common procedures we do when dealing with any payment and it can be done in different ways, from going to the office where we have the account to electronic banking. Although, be careful, making a mistake when referring to the amount or recipient is not so …

Concentration of digital payments is improving in the banking system. In the first full fiscal year after the pandemic started, cash-light banking sector payment channels have shown immense growth. As per the latest SBP data for the year ended June 30, 2021, the four prominent alternate delivery channels (ADCs) for banking payments – ATMs, point-of-sale …

Issued on: 25/10/2021 – 17:32 Nigerian President Muhammadu Buhari launched the country’s new digital eNaira currency on Monday as Africa’s largest economy looked to tap into the growing popularity of virtual money and cryptocurrencies. With the eNaira, Nigeria becomes the first in sub-Saharan Africa to fully launch a digital currency and joins China and a …

Published 24 October 2021 TOPE OMOGBOLAGUN writes about how criminally-minded customers use fake credit alerts to pay for goods, thereby making sellers to incur losses A Point of Sale attendant, Tomiwa Arobatele, has yet to come to terms with the fate that befell her after falling victim to criminally-minded customers.  The lady said she recently …

The National Counterintelligence and Security Center on Friday said it is prioritizing industry outreach efforts in U.S. technology sectors where the stakes are “potentially greatest” for U.S. economic and national security, warning of “nation-state threats” posed by China and Russia. The NCSC, a center within the Office of Director of National Intelligence responsible for leading …

LEAWOOD, Kan., Oct. 20, 2021 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading electronic payments provider, reports third quarter 2021 financial results. Euronet reports the following consolidated results for the third quarter 2021 compared with the same period of 2020: Revenues of $816.6 million, a 23% increase from $664.4 million (22% increase on a constant currency1 basis). Operating income of $114.5 million, a …

Promotion Regulation Summarise the rules relating to advertising and promotion of medicinal products and medical devices, explaining when the provision of information will be treated as promotional. Do special rules apply to online advertising? ‘Advertisement’ is broadly defined by the Therapeutic Goods Act and, in relation to therapeutic goods, includes any statement, pictorial representation or …

The Pandemic Electronic Benefits Transfer (P-EBT) goes to children of current Supplemental Nutrition Assistance Program (SNAP) households and non-SNAP households. (file photo) The Virgin Islands Department of Human Services (DHS) informs the public that Summer Pandemic Electronic Benefit Transfer (Summer P-EBT) will be issued to eligible school children on the following dates: P-EBT Summer 2021 …

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.   As filed with the U.S. Securities and Exchange Commission on October 15, 2021    Registration No. 333-   SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________   FORM F-6 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF …

2021 OCT 14 (NewsRx) — By a News Reporter-Staff News Editor at Economics Daily Report — New research on Economics is the subject of a report. According to news reporting originating from Bratislava, Slovakia, by NewsRx correspondents, research stated, “The article proposes insurance of agricultural crop represented by hectare yield in Slovakia. There is a …

Speaking to GPonline for a special episode of its Talking General Practice podcast ahead of the college’s annual conference this week, Professor Martin Marshall said that such measures were essential in the short-term until more GPs and other primary care staff could be recruited to deliver a long-term solution. Professor Marshall said he thought that …

For a long time, Volvo, a Swedish car company, has put safety paramount. And currently, the Scandinavian brand is focused on the future, steaming with zeal towards the development of autonomous vehicles and also adopting electrification. What’s unknown among these numerous faces of Volvo are the most incredible sports cars the carmaker has made throughout …

SANTA FE, N.M. (AP) — After a four-year hiatus, state election regulators have resumed spot-checks on campaign finance disclosures by politicians, election candidates and political committees, with 10 accounts referred to New Mexico’s fledgling State Ethics Commission and state prosecutors for possible enforcement action. The random sampling of campaign finance disclosures from the 2020 general …

The report was launched on Thursday to mark the start of Social Development month. World Bank senior economist Victoria Monchuk said social assistance transfers can reduce poverty. “Evidence shows that social assistance transfers have significant positive impacts on reducing poverty and inequality in South Africa and boosting development outcomes. “In the medium term there is …

Afghanistan’s humanitarian situation is spiraling into catastrophe. Millions of Afghans are now facing severe economic stress and food insecurity in the wake of the Taliban’s August takeover, set off by widespread lost income, cash shortages, and rising food costs. Officials with the UN and several foreign governments are warning of an economic collapse and risks …

From Adanna Nnamani, Abuja Cyber terrorists or internet banking predators are the most deserving names to call bank alert scammers who have become a thorn in the flesh of Abuja residents in recent times. Like ruthless killers lurking in darkness in search of prey in the jungle, these online fraudsters stalk and attack their victims …

On 9 June 2021, the Parliament registered the draft law On Protection of Personal Data, proposing to completely replace the existing law and aiming to implement the General Data Protection Regulation (GDPR) in Ukraine. On 29 September 2021, the Parliamentary Committees on Digitalization and on Human Rights Protection together with the Ukrainian Parliament Commissioner for …

In the article below understand the basic difference between RTGS and NEFT. Indian economy is widely being operated and controlled by common man using these two banking features. Tulika Tandon Created On: Oct 4, 2021 18:24 ISTModified On: Oct 4, 2021 18:35 IST Difference between NEFT and RTGS Indian banking system went digital more than …

With all the devices you use in a day, whether that’s a phone, laptop, or tablet, you undoubtedly have a lot of little cords, chargers, and adapters to keep track of. Whether you’re replacing a USB cord you lost or are looking for a way to streamline your device charging, this collection of 20 electronic …

Why is financial inclusion important to the economy? According to the World Bank, financial inclusion means that individuals and businesses have access to useful and affordable financial products and services, whether that be transactions, payments, savings, credit or insurance that is delivered in a responsible and sustainable way. In a study prepared eight years ago, …

Navigating complexities under a new US administration Companies active in mainland China and the United States watched with anticipation to see whether the new US Biden administration would depart from aggressive policy positions toward mainland China taken by the previous Trump administration. However, despite embracing more cautious rhetoric, the Biden administration has signaled that it …

OPINION: Sawubona Mongameli His Excellency Cyril Matamela Ramaphosa. Sorry, I didn’t finish reading the ANC local government manifesto. Instead, I got caught up with the bulky Special Investigative Unit (SIU) report into the Digital Vibes scandal and the shenanigans of former Health minister Dr Zweli Mkhize. The SIU report has caused me consternation. My stomach …

  Privacy Policy Effective Date: July 1, 2021 Privacy Policy is applicable to the publications, businesses, websites and mobile applications operated by Mountain and Desert Media, LLC, including the website and/or application from which you accessed this Privacy Policy (our websites and mobile applications are collectively referred to as “Media Properties”). It also applies to …

The Special Investigating Unit (SIU) “is poised to strike against corruption” – and so far is hitting its target. The Digital Vibes report prepared by the SIU and submitted to President Cyril Ramaphosa on July 23 has been publicly released and can be viewed here. The SIU launched its investigation into Digital Vibes and former …

A recently published paper, whose authors include a researcher from nChain, delves into a new monetary policy tool enabled by a retail central bank digital currency (CBDC): sector-specific cashback payments on private consumption expenditure. The paper looks at how electronic cashback and varying cashback rates can enhance the economic toolkit as a way for central …

IAA’s September 2021 Legislative Update reviews enacted bills affecting the auto auction industry from Illinois and North Carolina. IAA, Inc. is dedicated to being pro-active when monitoring legislative and regulatory matters that affect our customers and our industry. We believe being engaged with the legislative process is critical to the auto auction industry to promote …

Audrey Strauss, the United States Attorney for the Southern District of New York, and  Michael J. Driscoll, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that the United States has simultaneously filed and settled a civil fraud lawsuit against Wells Fargo Bank, N.A. (“Wells Fargo” …

BSP targets unbanked sector for QR PH By Lee C. Chipongian The central bank and the payments industry will roll out the Quick Response or QR Ph person-to-merchant (P2M) payments “in the coming days” to enable the unbanked small businesses, tricycle drivers, market vendors, and sari-sari store owners to transact digital payments. BSP to launch …

September 26, 2021 After years in artisan circles — from a decade touring with a famous roots jam band to making fine furniture for the Hanes family in Roaring Gap — Joe Thrift has settled down in Elkin to teach the craft of violin making, which he studied in England in the mid-1970s. His students …

If you scrolled through your newsfeed this week, you likely saw headlines related to the European Commission’s new proposal to force smartphones and small electronic devices to use USB-C for charging. The headline likely included Apple or iPhone, because a tech-related story is much more interesting when it involves the biggest company in the world. …

A St. Paul charter school that lost $4.3 million in a hedge fund investment has been directed by its authorizer to enact several finance and governance changes, including steps approved by the school board this week. The investment loss leaves Christianna Hang, superintendent and founder of Hmong College Prep Academy (HCPA), with big challenges on …

MTN’s new deal with payments technology firm, Flutterwave is set to deliver cash to mobile wallets of more Africans via MTN Mobile Money (MoMo) with the planned expansion in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia. This digital move is primed to plug millions of unbanked people in those countries into mainstream financial services and …

Today’s batch of burning questions, my smart-aleck answers and the real deal: Question: What is going on with all of the $1.4 million land transfers between MANNA Food Bank and someone named Brian Jones? Why does MANNA own so much property? Who is Brian J. Jones? There were multiple transfers for $1.4 million. My answer: If Rolling Stones founding …

The central bank of Bhutan is to use Ripple’s CBDC Private Ledger to pilot a central bank digital currency. Building atop its current payments infrastructure, the Royal Monetary Authority will pilot retail, cross-border and wholesale payment use cases for a digital Ngultrum in phases using Ripple’s blockchain technology. “Our collaboration with Ripple is testament to …

Wednesday, September 22, 2021 On Aug. 20, 2021, after two rounds of public comments on China’s draft Personal Information Protection Law (PIPL),1 China promulgated the final version of the PIPL, which takes effect Nov. 1, 2021. Together, the PIPL, Cybersecurity Law (which came into force June 1, 2017) and Data Security Law (which came into force Sept. 1, 2021) now form the fundamental legal …

Washington Lt. Gov. Cyrus Habib climbed Mount Kilimanjaro in 2019 as part of a fundraiser for an outdoor leadership program for young people with physical and sensory disabilities. Cyrus Habib / Cyrus Habib In an unusual case of a high-ranking Washington statewide office holder calling into question the official conduct of his predecessor, the office …

NEFT or National Electronics Funds Transfer is a facility provided (in India) by nearly all the local banking institutions. As explained in a blog post by Fintech firm Paytm, NEFT is among the most preferred methods of making money transfers in India. Via NEFT, users are able to transfer funds through Internet or online banking …

MOSCOW–(BUSINESS WIRE)–The blog is now divided into several sections, which include articles about cryptocurrencies, investments and trading, general information on cryptocurrencies and blockchain, tools and technologies, as well as news and forecasts. “Our blog is more aimed at newbies who have a desire to get closer to the cryptocurrency market, to learn how certain mechanisms …

A review of the provisions introduced reveals that after a long time concrete and positive steps have been undertaken for documentation of the economy and providing a level playing field to various persons in business. All the steps are almost in the right direction that reflect the will of the government to document the economy …

Gardai have warned about a growing trend dubbed ‘bank jugging’. Bank jugging is when a criminal parks outside a financial institution and watches ‘patiently’ the customers entering and leaving. A statement by the Gardai read: ‘The thief then targets anybody who comes out with a bank bag, coin box or bank envelope that looks like …

But, the times have changed. Over a period of time, banks started customizing savings schemes for the children and extended account opening as well as operational relaxations to the minors up to a limited extent. Meantime, technology revolution enforced operational changes in every sphere of life. Digital platforms emerged on the scene offering digitized services …

Records Management Hurricane Ida knocked out key NARA system By Adam Mazmanian Sep 17, 2021   A key records management system at the National Archives facility in in Keyser, W.Va., was knocked out by remnants of Hurricane Ida that caused flooding and significant loss of life on the East Coast earlier this month. The Electronic …

Photo by John Schnobrich. The Kingston Police Fraud Unit is urging local businesses to be aware of a type of scam that is targeting the business community with increasing frequency: Business Email Compromise (BEC) attacks. According to a release from Kingston Police, BEC attacks involve an individual at a business clicking an innocuous link in …

Apple’s iPhone 13 Apple; Screenshot by Stephen Shankland/CNET This story is part of Apple Event, our full coverage of the latest news from Apple. I like my iPhone, but I’d really like it if it came with a USB-C port. So I was cheered this week to see an indication that change might happen someday. …

A USB-C port replaces the older Lightning port on the 2021 iPad Mini. Apple/Screenshot by Stephen Shankland/CNET This story is part of Apple Event, our full coverage of the latest news from Apple. I like my iPhone, but I’d love it if it had USB-C. So I was cheered this week to see an indication …

GUANTANAMO BAY, Cuba — The FBI released declassified records from its secretive investigation that explored potential links between the Saudi government and 9/11, with some of the long-anticipated documents released on the 20th anniversary of the al Qaeda terrorist attacks that killed nearly 3,000 people. Families of the 9/11 victims have sought  a host of …

Dr. Adesola Adeduntan September 09, (THEWILL) – FirstBank of Nigeria Limited has announced the launch of the LIT Application, created to revolutionize the culture and experience of mobile banking in Nigeria. THEWILL reports that the development of the LIT App, follows a  commitment by FirstBank to spearhead value-driven mobile and digital banking in Nigeria The …

Photo Natalia Favre By Alberto C. Toppin and Amaury Valdivia (El Toque) HAVANA TIMES – On July 11, 2021, thousands of Cubans took to the streets to protest. In addition to freedom, they were also asking for food and medicine. According to official discourse, the cause of food shortages lies in the combination of the US …

Featured in this month’s newsletter: The Financial Services Skills Commission’s inclusion measurement guide The FCA’s expectations of firms’ Strong Customer Authentication solutions and the latest on the FCA’s approach to the three elements of authentication The resumption of the FCA’s credit information market study The FCA’s portfolio strategy letters to investment-based crowdfunding firms and P2P crowdfunding …

A bank where I have a deposit account recently sent me a booklet titled “Depository Agreement and Disclosures.” This booklet sets forth the terms of the contract I have with my bank governing my account — and it’s 47 pages long! By keeping my account at the bank, I agree to these terms. If I …

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. USAA Federal Savings Bank has been serving the U.S. military and their families for roughly a century. Founded in 1922, United Services Automobile Association, better known as USAA, started …

Families with kids in school will pay around $850 on average for supplies this year, according to the National Retail Federation. Parents of college students face a heftier bill — $1,200 on average per family — on top of tuition and room and board. There are a bunch of other pandemic-related supplies that may push those numbers …

Temitayo Jaiyeola, Dayo Adenubi and Amarachi Orjiude Published 23 August 2021 The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn; in 2019, it dropped to $23.81bn; …

New Delhi | Jagran Business Desk: The ninth instalment of Pradhan Mantri Kisan Samman Nidhi (PM KISAN) of Rs 19,500 crore for more than 9.75 crore beneficiary farmer families was released by Prime Minister Narendra Modi on August 9.   The scheme, which was announced in February 2019 in the Union Budget, aims to provide …