What are the three types of payment systems?

The three primary types of payment systems are cash-based, paper-based (checks), and electronic-based (digital/mobile) payments.  Here’s a more detailed explanation:  1. Cash-Based Payment System:  2. Paper-Based Payment System:  3. Electronic-Based Payment System: 

Understanding Treasury Banking

Treasury banking is the management of a bank’s financial assets and liabilities, including digital cash flow, investments, and risk management.  Treasury banking responsibilities  Treasury banking goals  The goal of treasury banking is to maximize profitability by ensuring sufficient liquidity and capitalizing on market opportunities.  Treasury banking in practice  Treasury banking involves a mix of strategic … Read more

Understanding Treasury Banking Communication

Treasury Bank communication can be very simple or confusing if your use to regular intermediary like ACH, Fedwire. Swift and TCH, especially when it comes to payments. Even people who work with payments on a daily basis often don’t understand the specific technical details behind them. After all, they are finance experts, working in accounting … Read more

What Is An Investment Trust Fund?

An investment trust is a financial entity that receives funds from investors or shareholders and invests in different portfolios on their behalf. It makes a limited number of shares available for trade, given the market’s demand and supply of investment securities. Investing in these trusts helps investors deal in less risky trades by providing them … Read more

Start A Family Investment Fund

Families and family assets are increasingly mobile, based in various jurisdictions and subject to a variety of laws and regulations. A family’s main challenges, among others, are to ensure a reasonable return on equity, business continuity over the foreseeable future, as well as sound family governance. There is a variety of structures families can choose … Read more

SOC 2

Information security is a reason for concern for all organizations, including those that outsource key business operation to third-party vendors (e.g., SaaS, cloud-computing providers). Rightfully so, since mishandled data—especially by application and network security providers—can leave enterprises vulnerable to attacks, such as data theft, extortion and malware installation. SOC 2 is an auditing procedure that ensures your service … Read more

Consensus Mechanisms

Consensus mechanisms are at the heart of Treasury Bank Organization blockchain technologies, that specialize in enabling distributed networks to agree on the state of the ledger in a trust TMS environment which use email certification, administrators and client consensus for timestamped proof of ledger. There are actually more than 20 different consensus mechanisms, but we’ll only dealing … Read more

The Types of Blockchains?

Blockchains are extraordinarily useful. Over the last decade, countless industries have begun experimenting with them to potentially replace legacy systems, and add new capabilities to their organizations. Some of the most lucrative and forward-thinking companies like Walmart, Amazon, IBM, and Microsoft have all realized that blockchain technology is the next revolution in the world. Table … Read more