Blogs

Banking and finance

Transforming Payments: Introducing FedNow - The Future of Real-Time Transactions

As technology advances and demand for faster payments grows, the Federal Reserve has built FedNow, a real-time payment system for the United States. The FedNow Service lets individuals and businesses, through their banks, send and receive payments instantly, 24 hours …

The Effect of Advancing IT on Financial Institutes

Financial work once meant paperwork, used to keep records and protect customer data. Advances in information technology have changed that, and banking and finance is one of the industries most affected. This article looks at how IT affects financial institutions …

How the NACHA Operating Rules Work for ACH Payments

NACHA, originally the National Automated Clearing House Association, writes the operating rules for the ACH network, which moves payments such as direct deposits, bill payments and business-to-business transfers between U.S. bank accounts. This article explains how the NACHA operating rules …

Why You Need Cash Flow Forecasting

Cash flow forecasting, also called a cash flow budget, estimates how much cash an organization will have coming in and going out over a set period. It is in growing demand among banking and finance firms looking for better ways …

6 Reasons to Stay Compliant in the Banking and Finance Industry

Banks and financial institutions are a pillar of any national economy. They keep money moving, and people rely on them to be safe and stable. This article explains why banking compliance matters and gives six reasons to stay compliant if …