Category: Offshore Banks
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Gold-backed Standby Letter of Credit (SBLC)
Do banks issue gold-backed standby letters of credit (SBLC)? Banks can issue standby letters of credit (SBLCs) backed by various forms of collateral, including gold. However, whether a particular bank issues gold-backed SBLCs depends on the bank’s policies and the requirements of the client seeking the SBLC. A standby letter of credit is a financial…
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Brazilian digital bank sees ChatGPT as an ally in the four-day week
SÃO PAULO, March 7, 2023 /PRNewswire/ — Since its launch, ChatGPT has attracted the attention of professionals from several fields. Efí, one of the major Brazilian fintechs, has gone further and started to use the system to optimize digital bank processes. A fan of the slimmed-down, four-day work week, the company has identified a reduction of up…
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Alchemy Pay and Berkah Digital Jointly Obtain Indonesia License
SINGAPORE, Feb. 27, 2023 /PRNewswire/ — Fiat-crypto gateway, Alchemy Pay, and fintech firm, PT Berkah Digital Pembayaran, announce that they have jointly obtained Indonesian licences issued by the Central Bank of Indonesia to operate remittances and fund transfers. These licences will greatly increase the ability for these entities to payout to end users and clients across Asia as well as reduce the…
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Choice Hotels, Wells Fargo, and Mastercard to Launch New Cobranded Credit Card
Offering enhanced rewards and benefits for members, the new Choice Privileges Mastercard will launch this spring. Existing cardmembers will be converted to the new program in May ROCKVILLE, Md., Feb. 14, 2023 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH)—one of the world’s largest lodging franchisors—has finalized a multi-year agreement with Wells Fargo and Mastercard to launch a new cobranded credit card…
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Normal’ Trading vs Private Placement Platform
All trading programs in the Private Placement arena involve trade with discounted debt notes in some fashion. Further, in order to bypass the legal restrictions, this trading can only be done on a private level. This is the main difference between PPP trading and ‘normal’ trading, which is highly regulated. This is a Private Placement…
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Netevia shifts traditional merchant services conversation with Mobile Banking, Merchant Services Bundle
New neo-bank mobile banking app to help ISOs further monetize merchant relationships MIAMI , Jan. 25, 2023 /PRNewswire/ — Netevia Banking is a fully functional mobile banking app providing a single point of entry for ISOs looking to manage banking, payments, and cash flow. A platform-agnostic solution, Netevia offers a suite of products and services, including merchant portfolio…
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Payment Gateway Global Market Report 2022
Exponential Growth of the eCommerce Sector and Cross-Border Transactions Boosts Sector DUBLIN, Jan. 21, 2023 /PRNewswire/ — Research and Markets of the Payment Gateway Industry The “Payment Gateway Market Research Report by Type (Hosted and Integrated), Industry, Region – Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation – Global Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering. The…
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MBE Canada aims to become the Biggest Payment Processor by 2024
TORONTO, ONTARIO, CANADA, January 20, 2023 /EINPresswire.com/ — MBE Inc. announces its ambitious goal of becoming the largest payment processor by 2024. The company is a leading player in the industry and has already made significant strides in its mission to provide efficient and secure online transactions for businesses of all sizes. Currently, the company…
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Best Canadian Credit Cards And Personal Finance Products For 2023 Announced By creditcardGenius and moneyGenius
MONCTON, NB, Jan. 3, 2023 /PRNewswire/ – The best credit cards and personal finance products for 2023 have officially been announced by sister sites creditcardGenius and moneyGenius. The credit card categories on creditcardGenius have expanded to better represent Canadian business owners. The 3 new categories are: moneyGenius ranks over 36 categories, working relentlessly to find the most trusted and rewarding financial…