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Aurionpro bags strategic deal in the USA for the license and development of Aurionpro Payment Framework Software

Aurionpro bags strategic deal in the USA for the license and development of Aurionpro Payment Framework Software
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FIS and TCH Aim to Bring Real-Time Payments to Minority Communities


FIS and TCH Aim to Bring Real-Time Payments to Minority Communities
05/04/2021 | 08:39am EDT
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NEW YORK, May 4, 2021 /PRNewswire/  In an effort to bring the benefits of real-time payments to all Americans, especially those in communities served by minority-owned depository institutions (MDIs), financial technology leader FIS and The Clearing House are jointly funding the onboarding fees for MDIs joining the RTP® network, the real-time payments network operated by The Clearing House, through FIS.
Minority-owned banks and credit unions play a crucial role serving their communities and local small businesses, and real-time payments can help solve many cash-flow concerns for customers, said Jim Aramanda, President & CEO, The Clearing House. Demand for faster payments has never been higher, and all Americans deserve to enjoy the benefits that come with real-time payments on the RTP network. ....

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Security of Payment in Hong Kong - pilot programme for public works contracts | Bryan Cave Leighton Paisner


As the old saying holds, cash-flow is the life blood of the construction industry.
In 2021, Hong Kong looks set to join Singapore, Australia and other jurisdictions in implementing a Security of Payment regime to regulate payment practices and provide a system to protect cash flow in the construction industry. As a first step, the Hong Kong Development Bureau has released consultation drafts of a Technical Circular annexing draft Security of Payment provisions for inclusion in public works contracts and sub-contracts.
Titled “
Implementation of the Spirit of Security of Payment Legislation in Public Works Contract”, the draft Circular establishes a contractual regime to apply to public works contracts and sub-contracts for the timely processing of contract payments and the expedited interim resolution of payment disputes by adjudication. According to the Circular, the contractual regime is scheduled for implementation in public works contracts which go to tender du ....

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