An on-us item is a check or transaction processed by the same bank that holds the check writer's funds, rather than being routed to another bank. This usually settles faster and at lower cost than ...

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank has named international banking leader Tarek El-Yafi as head of U.S. Bank Global Transaction Services, a new group created to help meet the growing ...

How real-time payments, interoperability, tokenisation and trust are reshaping cross-border payments and global transaction ...

The Financial Transaction Services industry is poised to benefit from the increasing adoption of digital solutions. A robust digital offering allows industry players to leverage this trend effectively ...

HSBC was the standout candidate in this award this year, dominating transaction banking in Asia. The data supports this view. The bank was the largest trade finance bank by revenues in Asia in 2023, ...

Transaction banking is one of the fastest growing businesses for the world’s largest banks. According to business intelligence provider Coalition, transaction banking revenue for the top 12 investment ...

Truist Financial Corp. is courting merchants and their banking and payment needs with a new service called Merchant Engage. The free service is an integrated merchant-services platform, enabling small ...

Digital currencies are forcing a rethink of what a bank is for, and the services most people use every day are right in the ...

A test this past September of a real-time pay by bank payments option inside the Walmart app indicates the service is on track for a broader debut in 2025, Digital Transactions News has learned.

Open banking is revolutionizing financial services by enabling secure data exchange between banks and third-party providers. The European Union’s Revised Payment Services Directive (PSD2) played a ...

Africa’s payments landscape just shifted. Flutterwave—the continent’s largest fintech company—announced its acquisition of ...

The Central Bank of Nigeria (CBN) recently directed banks and non-bank acquirers to implement multi-factor authentication for foreign ...