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PAYMENTS

PayAlly | June 11, 2021

PayAlly has picked Banking Circle solutions to boost its cross-border payment services in multicurrency for B2B, a fully integrated payment system for small- and medium-sized enterprises. The new agreement allows PayAlly access to the Banking Circle Banking Network to a larger number of payment channels to improve the speed and price of payment internationally for their e-commerce consumers. “At PayAlly, we seek to assist small businesses and people by providing them with fa...

Reuters | March 04, 2020

The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchases agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation. They ended at 1.75% late on Thursday after hitting 10% on Tuesday, according to Refinitiv data. The U.S. central bank has conducted a series of cash-adding...

Bloomberg | January 22, 2020

U.S. stocks are headed higher, although a 10% correction is “long overdue”, Anthony Scaramucci, founder and co-managing partner of Skybridge Capital, said on Wednesday. Scaramucci, who served as U.S. President Donald Trump’s communications director for less than two weeks in 2017, also told the Reuters Global Markets Forum that former New York City Mayor Michael Bloomberg is the most likely candidate to defeat Trump in the 2020 presidential election. Below are excerpts from the...

PAYMENTS

Synovus | June 02, 2021

Synovus today unveiled Synovus Accelerate AR, an all-new, fully integrated receivables package that enables enterprises to accelerate working capital access and eliminate exceptions through straight-through processing throughout all payment channels. Deluxe, a Trusted Payments and Business TechnologyTM firm and the leading provider in retail and wholesale lockbox services, provides Synovus Accelerate AR. "The proliferation of payment channels, and the constant change i...