APIs vs Web Hooks

APIs (Application Programming Interfaces) and webhooks are both ways for applications to communicate, but they differ in how they interact and what they do. APIs allow for two-way communication where a client requests data from a server, while webhooks are a one-way, event-driven mechanism where a server sends data to a client when a specific event … Read more

What Are Credit Card Assessment Fees?

Credit card assessment fees refer to the costs passed through to credit card brand companies. For example, when someone uses a Visa card to pay for products or services at your business, the assessment fee you pay will cover the operating costs for the card network Visa. Each credit card brand, such as Visa, American … Read more

What Is Payment Processing & How Does It Work? 

Payment processing is a sequence of actions facilitating secure fund transfers between a payer and a payee. It encompasses the acceptance of both physical and digital payments. This process involves multiple tools and technologies, extending beyond credit cards to checks, mobile payments, and digital currencies. While credit and debit cards remain the dominant payment method, Treasury … Read more

Understanding Credit Transfer

Credit Transfer is a financial process that allows individuals or entities to move funds or credit balances from one account or entity to another. This article explores the concept of credit transfer, its practical applications in financial transactions, and provides examples to illustrate its use. What is Credit Transfer? Definition Credit Transfer refers to the movement of … Read more

What is an authorised push payment?

An authorised push payment is simply a bank transfer an individual or business makes directly to the recipient. Authorised push payments are usually carried out on an online banking platform or app, where the payer will input the recipient’s account details and knowingly transfer money. As the name suggested, authorised push payments are: A legitimate … Read more

Safe Keeping Receipt (SKR)

Understanding its Purpose and Where to Obtain One Safe Keeping Receipts (SKRs) play a crucial role in the world of finance and asset management. These documents are used to secure and verify the ownership of valuable assets, such as precious metals, art, or securities. In this article, we will explore what a Safe Keeping Receipt … Read more

Procurement

What Is Procurement? Procurement is the process of buying or otherwise obtaining goods or services, typically for business or government purposes and usually on a relatively large scale. Often confused with purchasing, procurement represents a more strategic and less purely transactional process. How Procurement Works In business, the procurement process can be a vital part … Read more

ISO 20022 Method

Treasury Bank treasurers act as fund underwriters and payment agents for clients internal accounts at Treasury Bank and external Acquiring Bank. Payment are credit transfers as  inter-bank movement of funds from a Treasury Bank’s receivable account as (debtor) account to a payable to beneficiary party as (creditor). Treasury Bank credit transfers are exchanged as closed … Read more

Understanding Assets

Assets are categorized as either real tangible, intangible. or financial title of value. All assets can be said to be of economic value to a corporation or an individual. If it has a value that can be exchanged for cash, the item is considered an asset. Tangible Assets are physical assets that have an intrinsic … Read more