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Top News In Barbados Bankers Association Today - Breaking & Trending Today

Minister Straughn says payment system will be less time-consuming for all

An upgraded real-time system of making payments to individuals, businesses and Government, which will phase out the use of cheques, is now in operation in Barbados.And the Barbados Bankers Association (BBA) has welcomed it as a step in the right direction.Minister in the Ministry of Finance and Economic Affairs Ryan Straughn said that for an extended period, financial institutions across the island had been testing the system, referred to as the Automated Clearing House (ACH), which went into operation on Monday.Addressing the Barbados Labour Party’s (BLP) St Michael West Central branch meeting on Sunday night, he said the system will improve the ease of doing business and has the potential to replace the “time-consuming” process of conducting financial transactions by cheque.“We are scheduled to launch [Monday] and, therefore, in the coming weeks and months you start to see that ‘oh, I could take up my phone and pay whoever, transfer some money to whoever, they confirm that ....

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OECD removes country from "negative' list; minister acknowledges more 'heavy-lifting' still ahead

By Emmanuel Joseph
Barbados has been taken off the dreaded ‘grey list’ of the Organisation for Economic Cooperation and Development (OECD), but Minister of Energy and Business Development Kerrie Symmonds says the country still has much work to do to remain compliant.
In its 2023 Harmful Tax Practices Peer-Review Results on Preferential Tax Regimes released in January, the OECD listed Barbados as ....

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Banking Association assures customers their data is safe

The Barbados Banking Association is assuring Barbadian customers that their information is safe after several reports of security breaches associated with bank cards. This breach is said to have occurred within a “very small percentage of the customers of local banks” and the institutions have already responded to those affected. “Whether a breach is as a result of unauthorised access to a local bank’s systems or occurs when their clients … ....

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The Bajan Reporter | Category: Uncategorized | The Bajan Reporter

The Bajan Reporter | Category: Uncategorized | The Bajan Reporter
bajanreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bajanreporter.com Daily Mail and Mail on Sunday newspapers.

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The Bajan Reporter | FSC APPOINTS CHAIRMAN & ANOTHER BOARD MEMBER

Oliver Jordan is the new Chairman of the Financial Services Commission (FSC) He is also a past President of the Barbados Bankers Association (TBBA) and a past… ....

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