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The Nigerian government through the Nigeria Inter-Bank Settlement System (NIBSS) has asked banks to delist Payment Solution Service Providers, Switches, and Super Agents from its outward payment or transfer list. This directive is contained in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to all banks. According to NIBSS the listing of non-deposit-taking financial institutions as beneficiaries contravenes the Central Bank of Nigeria guideline on electronic payment.

Interest in TROY, a domestic electronic card payment clearing system introduced in 2016, has gained momentum recently, according to the data from Anadolu...

New York (CNN) — Multiple US banks were hit by deposit delays on Friday caused by an error at a payment processing network, according to the<a class="excerpt-read-more" href="https://wsvn.com/news/us-world/us-banks-hit-by-deposit-delays/">Read More</a>

New York (CNN) — Multiple US banks were hit by deposit delays on Friday caused by an error at a payment processing network, according to the Federal Reserve.

Multiple US banks were hit by deposit delays caused by an error at a payment processing network, according to the Federal Reserve.