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Credit Transfer is a financial process that allows individuals or entities to move funds or credit balances from one account or entity to another. This article explores the concept of credit transfer, its practical applications in financial transactions, and provides examples to illustrate its use. What is Credit Transfer? Definition Credit Transfer refers to the movement of … Read more

An authorised push payment is simply a bank transfer an individual or business makes directly to the recipient. Authorised push payments are usually carried out on an online banking platform or app, where the payer will input the recipient’s account details and knowingly transfer money. As the name suggested, authorised push payments are: A legitimate … Read more

Treasury Bank treasurers act as fund underwriters and payment agents for clients internal accounts at Treasury Bank and external Acquiring Bank. Payment are credit transfers as  inter-bank movement of funds from a Treasury Bank’s receivable account as (debtor) account to a payable to beneficiary party as (creditor). Treasury Bank credit transfers are exchanged as closed … Read more

A credit transfer is a payment transaction by which a payment services provider transfers funds to a payee’s account against a payer’s order, and the payer and the payee can be the same person. Standing Order A standing order is a payment service by which a payment service provider, on the basis of a contract … Read more

A “fund origination certificate” likely refers to a document or process related to demonstrating the source and legitimacy of funds, as a certificate of origin especially when dealing with financial transactions or investments.  Here’s a breakdown of what this might entail:

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: 

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

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

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