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.
It represents an important strategic milestone for our MPS business, as it marks the implementation of our MPS technology into a nationwide inter-bank transaction
clearing system that processed RMB 11.
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.
Headquartered in Wichita, KS, LT is the largest third-party provider of inter-bank transaction
, reporting and settlement systems outside the Federal Reserve.
UnionPay is the government-approved card payment clearing house that calls itself "an inter-bank transaction
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
During the last two months, six participating banks have settled around 100,000 inter-bank transactions
worth Rs 6.
In the first phase banks will be able to use PRISM (RTGS) to transfer and settle inter-bank transactions
, This would enable banks to transfer inter-bank transactions
into beneficiaries' accounts on the same day.
In a statement, the central bank said that all purchases of foreign exchange 'shall be for the use of customers and shall not be used for inter-bank transactions
Rolf Schneebeli, former vice president of Citibank Switzerland and currently the economic adviser to ARY, said it would be prudent for governments in the GCC to guarantee inter-bank transactions
to at least get the financial markets running and kickstart the flow of credit to finance major projects and help financially battered individuals and private companies.
We use e-mail for the instant message but the funds are actually transferred in the way that banks settle all their inter-bank transactions
, such as cheques, ATM transactions and on-line bill payments, using the secure clearing procedures banks have used for ages.