Understanding Letters of Credit: Definition, Types, and Usage

Learn how letters of credit work, the roles of buyers, sellers, and banks, and why these financial tools help reduce risk and ...

On-Us Item: Transactions Paid And Deposited at The Same Bank

An on-us item is a check or transaction processed by the same bank that holds the check writer's funds, rather than being routed to another bank. This usually settles faster and at lower cost than ...
Business Wire

Modern Card Issuing Platforms to Issue 35% of All Payment Cards by 2029, as Banks Begin to Compete on User Experience

BASINGSTOKE, England--(BUSINESS WIRE)--A new study by Juniper Research, the foremost experts in fintech markets, found the number of cards issued by modern card issuing platforms will double from 748 ...