The Reserve Bank of India (RBI) has unveiled a significant step to enhance the safety and accuracy of digital transactions by ...

The Reserve Bank of India (RBI) is set to roll out a significant update for the National Electronic Funds Transfer (NEFT) and ...

RBI mandates banks to offer beneficiary account name look-up facility for RTGS and NEFT transactions by April 1, 2025.

On December 18, the U.S. District Court for the Southern District of New York granted a bank’s motion to dismiss the ...

Tricare beneficiaries in the West Region have more time to set up recurring payments with the new regional contractor.

The Consumer Financial Protection Bureau (CFPB) has issued a new rule addressing its supervision of large nonbank companies offering US ...

RBI is introducing a new mandate for all banks to introduce name lookup while adding beneficiary details for payment.

Electronic Funds Transfer (EFT): The electronic exchange (transfer of money from one bank account to another), either within a single financial institution or across multiple institutions, through ...

Some donors prefer to make gifts by electronic funds transfer (EFT). With your authorization, Michigan Tech can electronically debit your checking account on a monthly or quarterly basis. You choose ...