depository financial institution


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Related to depository financial institution: Receiving Depository Financial Institution
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Synonyms for depository financial institution

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After randomly selecting nearly 29,000 checks deposited at 149 depository financial institutions, the study found that consumers are the predominant check writers, accounting for slightly over 50 percent of checks written to other consumers, businesses and governments.
Assuming the required agreements are in place, transacting cross-border payments is a process that uses the existing clearinghouse network infrastructure to settle payments between the originating depository financial institution and originating gateway operator, and between the receiving gateway operator and receiving depository financial institution.
Given the above potential filings, privacy statements given to customers of credit unions and other depository financial institutions are clearly not statements of privacy and are deceptive.
The first survey included responses from more than 1,500 depository financial institutions (commercial banks, savings institutions, and credit unions), while the second survey included responses from 68 organizations involved in originating, switching, or processing electronic payments.
The first survey, the Depository Institutions Payments Survey, included responses from more than 1,500 depository financial institutions (commercial banks, savings institutions, and credit unions).
Today, the Fed has four primary responsibilities: influencing the supply of money and credit (monetary policy); regulating and supervising bank holding companies and certain commercial banks; providing payment services to depository financial institutions (check processing, cash services, electronic funds transfers); and serving as fiscal agent for the U.
Linked2pay, a banking and payments technology provider, has said that it has launched a white label Know Your Customer (KYC) service for Originating Depository Financial Institutions (ODFIs).
Among other things, the change requires all receiving depository financial institutions to accept same-day transactions and requires originating depository financial institutions to pay a $0.
FIS[TM] (NYSE: FIS), the world's largest provider of banking and payments technology, today announced the introduction of the Terminated Originator Database, a new database designed for ACH Network Originating Depository Financial Institutions (ODFIs) to collaborate regarding ACH Originators and Third-party Senders that have been terminated for cause.
Under the new rule, credit unions and other originating depository financial institutions on the ACH network will have to provide the names and contact information for every third-party sender they have a relationship with; ODFIs that don't have third-party sender relationships must provide statements to that effect, according to NACHA.
Among other things, they require all receiving depository financial institutions to accept same-day transactions and require originating depository financial institutions to pay a $0.
A banker with more than 30 years of experience, VanHove has previously worked with Springfield Marine Bank, Bank One, National City Bank and US Bank (NYSE: USB), where he served as the vice president of the Depository Financial Institutions Group from 2006 to 2014.
The Same-Day ACH Rule was approved in May 2015, and will require all receiving depository financial institutions to receive same day transactions and provide faster funds availability to customers.
Currently in live production at one of the country's 10 largest receiving depository financial institutions (RDFIs), the eGistics centralized ACH archive helps financial institutions better respond to the operational and risk management challenges presented by rising electronic payment volumes.
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