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The Saudi Arabian Monetary Authority (SAMA), represented by Saudi Payments, has entered into agreement with Vocalink & IBM to develop the new faster payments system planned for launch at the... more

The post Saudi Arabia’s SAMA to launch faster payments system appeared first on Payments Cards & Mobile.

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ACH, ACH platform, ACH processing, ACH processing platform, automated clearing house, Automatic Clearing House, Daily News, IBM, Processing & Systems -

The Federal Reserve Bank of Atlanta has selected IBM to modernize its ACH processing platform. During ACH operations, the Federal Reserve serves as the central operator ensuring electronic payments (direct deposit, bill payments) clear and settle between commercial banks. The Federal Reserve will implement IBM’s Financial Transaction Manager to process the billions of ACH and check [...]

The post Federal Reserve selects IBM for ACH processing platform overhaul appeared first on Payments Cards & Mobile.

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