Clearing vs Settlement: What Happens Between Payment Initiation and Final Funds Transfer

When a business sends a cross-border payment, two processes determine whether funds arrive: clearing and settlement. The ...
Business Insider

DailyPay, PNC Bank and The Clearing House Team up to Provide Real-time Access to Earned Pay for Millions of American Workers

NEW YORK, June 15, 2021 /PRNewswire/ -- DailyPay, the leader in on-demand pay, has teamed up with PNC Bank and The Clearing House to offer real-time payments over the RTP ® network, creating the ...
Finextra

Citi becomes SGX bank clearing member

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. "SGX is pleased to welcome Citibank N.A. as a Bank Clearing Member. Bank ...
The TRADE

First Korean bank goes live with client clearing at LCH ForexClear

Hana Bank has gone live as the first Korean bank to clear FX derivatives through the London Stock Exchange Group’s LCH ForexClear. LCH ForexClear said Societe Generale will act as Hana Bank’s clearing ...