Sentences with phrase «to settle transactions»

The system worked, and the banks were able to settle transactions between their 11 banks simultaneously as opposed to taking days or even weeks for cross border transactions.

The effort to settle transactions more quickly failed, and we still settle trades in three days.

Closing costs are simply the fees for the overall services of settling this transaction and transferring title of this property from one person to another.

Stock exchanges could more easily settle transactions, and it would also be possible for credit card companies and other financial institutions to streamline their payments systems.

Claims may only be filed against posted and settled transactions subject to dollar limits and subsequent verification, including providing all requested information supporting fraudulent use claim.

The merchant settles all transactions once a day with their processor, and the issuing bank receives it within 1 to 2 days.

With blockchain, this verification of transactions is always ongoing, which means the opportunity to settle transactions much more quickly, or perhaps even instantly.

Four banks have reportedly partnered on a blockchain project aimed at creating a means to clear and settle transactions worldwide.

Because of this, we are willing to settle the transaction anytime and anywhere.

Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.

Alternatively, bitcoin banks could decide to make agreements with each other to settle transactions between their customers once per day.

Blockchain is a low - cost, near - instantaneous method for settling transactions without the need for a central authority.

The Japan Bank Consortium will release a groundbreaking smartphone application called «MoneyTap» — powered by Ripple's blockchain technology — to allow customers of the bank consortium to settle transactions instantly, 24...

As noted by Mr. Gromen, it would be cheaper for China to import oil by settling transactions in a combination of gold and RMB than in US dollars.

eCharge will be founded upon a cryptocurrency that will allow users, energy providers, and charge station hosts to settle transactions with ease.

This is why Ripple, along with a growing community of financial institutions and payments providers, support Interledger Protocol (ILP), which standardizes how to instantly settle transactions across different ledgers and networks.

Stellar's blockchain network settles transactions in an average of 5 seconds, with all transactions processed within a maximum of 10 seconds.

Charles Li, the head of the exchange, said that they were currently having discussions with their Australian counterparts to understand what their experience with settling transactions through a blockchain has been like.

The wallet doesn't store any data about transactions in the system as the server only processes operations through an algorithm which settles transactions directly on - chain.

The Reserve Bank's ability to pursue successfully a target for the cash rate stems from its control over the supply of funds which banks use to settle transactions among themselves.

Banks settle transactions across accounts they hold at the Reserve Bank; these accounts are known as Exchange Settlement (ES) accounts.

The stock exchange brings buyers and sellers together and settles the transaction whenever a buyer and seller have a matching bid and ask price, all in a matter of milliseconds.

GVT is an internal currency of the platform and will be used to establish and settle transactions made on Genesis Vision.

XRP has the ability to settle transactions within seconds, thereby enabling faster cross-border flows.

The Japan Bank Consortium will use Ripple's settlement technology, xCurrent, to instantly and cost - effectively settle transactions between the participating Japanese institutions and the two major South Korean banks.

IOTA provides a solution whereby individual phones can transact with each other by settling transactions using IOTA's network.

Because of its SegWit activation — which is an upgrade to Bitcoin's slower blockchain model — Litecoin not only settles transactions at a much faster speed, it also charges much lower fees for each transaction.

Omise will also process Shinhan FAN card and overseas merchant base, potentially settling transactions for Shinhan merchants using the OmiseGo blockchain, and ultimately, the Ethereum blockchain.

The Japan Consortium is set to launch a revolutionary smartphone app called «MoneyTap,» which will allow customers to settle transactions instantaneously, 24/7.

New proposed legislation in South Korea seeks to ban anonymous accounts and prevent financial institutions from settling transactions for unidentified cryptocurrency trades.

Six new banks have joined a UBS - led effort to create a digital cash system that would allow financial markets to make payments and settle transactions quickly via blockchain technology.

The technology can be deployed to create a contactless payment card with the ability to settle transactions instantly and process fiat currency transactions on Blockchain.

Stellar's blockchain network settles transactions in an average of 5 seconds, with all transactions processed within a maximum of 10 seconds.

Although the name is long, basically the service automatically routes the funds required to settle the transaction through a US dollar money market fund in such a way that a client doesn't pay the foreign currency conversion fee.

Settling transactions directly on - chain allows us to build so many simple useful tools.

In June, Digital Asset Holdings acquired Hyperledger, a company that developed distributed ledger technology to allow banks and other financial institutions to clear and settle transactions in real time.

On the company's earnings call on Tuesday, CEO Hikmet Ersek told analysts that the company is experimenting with Ripple for settling transactions and for capital optimization.

People use cryptocurrencies like Zcash and Monero to settle transactions with «zero - knowledge».

But rather than settling those transactions itself or billing customers» phone statements, Isis believes working with the payments networks will make mobile payments more appealing to consumers and merchants, who can continue to use or accept the card platforms of their choice — only instead of using physical cards the parties will swap digital information wirelessly.

«It's a bit of an anomaly in the Swedish legal system because if you look at the Riksbank Act it says pretty straightforward that the Swedish krona is legal tender and it should be compulsory to accept that for settling transactions,» Riksbank's Skingsley said.

This cap was brought about in 2012 and it prohibits paying more than $ 2,500 in cash to settle any transaction, and so, Bitcoins also are applicable to this now.

The money or cards we use to settle transactions have physicality, but they represent something that is the absence of existence; debt.

If it is in queue, it shall be given highest priority and when it fails to settle, the system shall generate an automatic Intra-day Liquidity Facility (ILF) backed by collateral to settle the transaction.

Stocks, bonds and many other investment vehicles on secondary markets you may think of are highly liquid but they still require that markets are open and then an additional 3 - 5 business days to settle the transaction and for funds to make their way to your bank account.

The trustee must identify and then take title to the trust's assets, keep accurate records, report to the current beneficiaries, execute and settle all transactions, protect and insure the property and defend the trust against claimants.

Like cryptocurrencies such as Bitcoin, it is an encrypted system that processes payments instantaneously, therefore removing the need for a third party to process or settle the transaction.