As the bankcard association in China UnionPay operates an inter-bank transaction
settlement system through which the connection and switch between banking systems and the inter-bankcross-region and cross-border usages of bank cards issued by associate banks could be realized.
As a bank card association in the PRC, China UnionPay develops and operates the China UnionPay inter-bank transaction
settlement system, sets up a global acceptance network for UnionPay cards, promotes the issuance and usage of UnionPay cards, provides innovative payment service for UnionPay as well as delivers excellent, efficient and secure payment services to UnionPaycards holders.
UnionPay is the government-approved card payment clearing house that calls itself "an inter-bank transaction
The Central Bank's UAEFTS system, currently used for domestic inter-bank transaction
and the UAEWPS system, currently used for salary payments, will be revamped to enable the adoption of IBAN before the target of second quarter of 2012, the Central Bank said.
PNB has localised the blame to a two low-level officials, who allowed diamantaire Modi over several years to freely use the restricted SWIFT code, meant for international inter-bank transactions
FirstBank is currently responsible for over 15 percent of inter-bank transactions
and 21 percent of airtime vending.
With regard to business standards, banking institutions and non-bank payment institutions shall have the inter-bank transactions
of barcode and QR code payments processed by PBCs clearing system or a legitimately established clearing institution, and the payment institutions shall meet specific business qualification requirements.
On the other hand, a decrease of 3 paisas was witnessed in the dollar price for the inter-bank transactions
or inter-bank market, closing its value at Rs.
The National Bank of Cambodia, in cooperation with Acleda Bank, Sathapana Bank and Prasak Microfinance Institution, has announced the launch of 'Cambodian Shared Switch' in beta version, which is a one-stop platform for customers to access inter-bank transactions
at ATMs and POS machines of the member institutions with more convenience and speed.
As its core services, Namclear provides local clearing of domestic inter-bank transactions
such as electronic fund transfer (EFT), Cards transactions (ATM & POS) and cheque payments, including settle ment, " said Tait.
A standard contract template for Islamic inter-bank transactions
was launched on Monday as the industry works to diversify the range of liquidity management solutions available.
FATCA will affect almost all financial institutions and other entities in Bahrain with exposure to US taxpayers and other financial inter-bank transactions