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

References in periodicals archive ?
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.
In privacy disclosure statements provided to customers of depository financial institutions such as credit unions, a casual reading suggests that privacy of one's assets and transactions is being protected from the eyes of nosey individuals, outside business employees and potential marketing companies.
The central bank said that the RMB reserve requirement ratio for depository financial institutions has been hiked by 0.5 percentage points.
The primary regulators for depository financial institutions are all participants in the Federal Financial Institutions Examination Council (FFIEC).
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.
depository financial institutions and electronic payments organizations.
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.S.
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 $0.052 fee per transaction.
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