eCharge Corporation has received regulatory approval from the Federal Deposit Insurance Corp. (FDIC) and bank regulators from the State of Utah to acquire an industrial loan charter from Fidelity Trust Company, a Fidelity Investments Company. The institution has been renamed eCharge Bank and is a wholly-owned subsidiary of eCharge Corp. eCharge Bank will support the stored value feature of the eCharge Net Account and has the ability to facilitate Automated Clearing House (ACH) transfers, obtain credit bureau reports, lend money and access Federal Reserves as well as process payments on behalf of merchants. For online merchants, the eCharge Net Account provides an opportunity to reduce fraud, charge-backs and transaction expenses, while capturing incremental business and enhancing customer service. Through its use of digital certificates and proprietary encryption technology, the eCharge Net Account guarantees both merchants and consumers against fraudulent transactions.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more