Tag : bank deposits

FIS and Leading Financial Institutions to Build Their Own Digital Tokenized Money Network
Banking Finance News

FIS and Leading Financial Institutions to Build Their Own Digital Tokenized Money Network

Business Wire
by Business Wire0
FIS and six U.S. banks will launch Project Keystone, a bank-owned and bank-administered network for digital money to be built on regulated deposits. The initiative will give participating banks direct control over how digital money is issued, transferred, and settled, without ceding that infrastructure to third parties. Participating banks include......
Finance Investment Services News

Survey: Organizations’ Cash and Short-Term Allocation to Bank Deposits Drop to 47%, Lowest in Four Years

PR Newswire
by PR Newswire0
Recent bank failures drove a shift away from bank deposits into Government/Treasury money market funds, Treasury bills and Agencies Forty-seven percent of organizations’ cash and short-term allocation are maintained in bank deposits, according to the 2023 Association for Financial Professionals (AFP) Liquidity Survey, underwritten by Invesco. This figure is down 8......
Sionic and MX Partner to Simply and Safely Link US Consumer Bank Accounts for Direct-to-Merchant Payments at the Point of Sale (POS)
Digital Payments News

Sionic Launching Free CODE Pay Mobile App for Local Merchants

Fintech News Desk
by Fintech News Desk0
App enables merchants to accept real-time direct bank deposits from mobile customers at the point of sale. Sionic , a leading provider of omni-commerce, consumer-to-business payments solutions, announced it is launching a free mobile app for local merchants to accept real-time, bank-to-bank, lower-cost cash deposits from customers at the point......
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