Value dating payments
The value date is used when there is a possibility for discrepancies due to differences in the timing of asset valuation.It usually applies to forward currency contracts, options and other derivatives, interest payable or receivable.Paychex Launches New Suite of Payment Processing Services - "Paychex – in partnership with Elavon – today announced the introduction of Paychex Payment Processing Services, a full suite of payment processing solutions, including credit and debit card processing, mobile and online payment services, and point-of-sale (POS) solutions" AT&T And Vantiv® Announce New Mobile Payments Solutions For Businesses Of All Sizes - "AT&T's sales force and its retail locations create a powerful new distribution channel for Vantiv's mobile products to reach the millions of businesses who need this important functionality." Brink’s and 2Checkout Partner to Launch Brink’s Checkout - "The collaboration uses the technology that 2Checkout has spent the last 15 years honing while Brink’s will market and connect a new network of digital sellers to a platform devoted to security and global access." Demand for Secure Business Payments Rises, Fueling Record Growth for Mineral Tree - "By simply using the solution to make payments from their business accounts, Mineral Tree guarantees payments against online account takeover and fraud." Reimagining the Retail Loyalty Landscape, GE Capital’s Retail Finance Business Brings New Integrated Loyalty Solution to Market - "Powered by Kobie’s Alchemy® technology platform, the IMTL solution delivers a unified credit and loyalty experience to engage the digitally adoptive and mobile-enabled Millennials, as well as traditional credit loyalty card shoppers." ACI Worldwide Unveils Payment Device Vendor Support for Its Point to Point Encryption Solutions - "ACI Worldwide ...today announced that major payment device vendors including Veri Fone, Ingenico and Equinox support its Point to Point Encryption (P2PE) solutions." Should Your Bank Do Business With Bitcoin?He first joined the CFPB in November 2010 as the assistant director for large bank supervision and was named the associate director for supervision, enforcement, and fair lending in June 2012." Veri Fone Delivers POS Software Platform for Tablets to ISOs and Acquirers - "The Global Bay Merchant software platform creates new opportunities for ISOs and acquirers to grow their business and is now available from a partner that is invested in their success..." TSYS Signs Long-Term Acquiring Agreement With Anovia Payments, LLC - "Based in Irving, Texas, Anovia Payments simplifies payment acceptance for merchants and partners by offering transparent pricing, cutting-edge products and technology with streamlined support..." Monarch Airlines Selects European Merchant Services to Process Payments - "Monarch selected EMS as one of its card acquirers because of its reputation for reliability and specialist knowledge of the travel sector." Voice™, New Huntington Credit Card, Offers Unique Customer Rewards Choices - "Thought to be the only credit card of its kind in the country, the Voice Credit Card™ from Huntington reflects the bank’s ongoing Fair Play Banking philosophy of doing the right thing for customers by eliminating certain fees and offering choice for triple rewards or a lower interest rate." Realex Payments Announce a Significant Pan-European Managed Gateway Agreement with Elavon - "We are delighted to have been selected as the managed gateway partner for Elavon.
Today’s consumers expect to choose from a variety of payment options - paying how they want, whenever and wherever they want to.
- Bank Director - "Whether it is Bitcoin or another virtual currency, the potential exists to revolutionize international payments through a Bitcoin style payment or distribution system." Set Visa, Master Card And Markets Free: Approve The Credit Card Interchange Fee Settlement - (Todd Zywicki) - "Not only would that make it more difficult to impose price controls on credit cards it would provide support for a much-needed rollback of the Durbin Amendment’s price controls on debit cards." Does the networked consumer imply incremental or fundamental change for banks?
- Financial Services Club Blog - "The take-away for me was that most of the people did not believe that mobile was a fundamental change to the banking world, but just an evolution in distribution." The Five Stages of Disruption Denial - Harvard Business Review - "Too often however, our response is to ignore and forget change, to fake our way through it, to pretend an engagement and a mastery we do not have." Bionym Launches Biometric Wristband Nymi That Unlocks Smart Things With Your Heart - Betakit - "The Nymi wristband uses an embedded electrocardiogram (ECG) sensor to identify the unique characteristics of your heartbeat and pairs your personal ECG to the device." California gas stations leverage mobile payments for convenience, loyalty - Mobile Commerce Daily - "The QR code prompts users to download the Kuapay mobile app that can be connected with a credit card to pay at the pump." Smart wallet knows if you’ve lost a credit card - Springwise - "Made of sleek aluminum, the ultra-thin credit card holder can be synced to owners’ smartphones and setup to provide notifications whenever items are removed from it." Steven Antonakes Named Deputy Director of the Consumer Financial Protection Bureau - "Steve Antonakes’ background includes more than two decades as a financial services regulator.
International transactions rely on cooperation between banks in different countries that access the domestic system on either end of the transaction.
This cooperation is formalized through a series of bi-lateral correspondent banking relationships.
A value date is a future date used in determining the value of a product that fluctuates in price.