ALAN GRIEFER

Softnote Metrics are here to deliver the latest staking & wallet updates: 🔹727K $TET staked on T12 🔹25.5K $TET staked on UNCX 🔹$8.4M Total Value Locked (TVL) 🔹60,662+ Wallet Users Let’s keep building & growing numbers with the fastest blockchain!

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A Guide to Understanding ACH Do you ever wonder how your paycheck gets deposited directly into your bank account? 👉🏻 The ACH network, a robust system facilitating electronic bank transfers in the US. This comprehensive guide dives deep into ACH, explaining its functionalities and various transfer types including international transfers. Gain valuable insights on: ✅ What ACH is and how it operates ✅ Different ACH transfer types ✅ The mechanics of international ACH transfers ✅ Potential vulnerabilities Read the full guide in the comments ➡️ 

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To the likely surprise of providers of buy now, pay later (BNPL) financing, the #CFPB recently issued an interpretative rule stating that BNPL products are actually "credit cards" under the Truth in Lending Act and BNPL providers are "card issuers" and therefore "creditors" under, and subject to, Regulation Z. Scott Pearson, Bryan Schneider and Eric Knight explain the significance here:

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New Challenger Bank SilverRock Bank Obtains Banking License  Alan Jarman, CEO of SilverRock, commented: “This is the first time that a bank has been established in the UK to focus support on non-bank and other lenders. This is already a £250 billion+ market which has the potential for significant expansion as the sector responds to new and emerging customer needs. “Our focus is on ensuring the borrowing needs of SMEs and consumers in non-standard credit markets can be met. That approach will in turn support and facilitate innovation amongst lenders, enabling them to better respond to the challenges and opportunities in the UK market.” https://lnkd.in/eB_F_isu Veronika Lovett #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Regions Bank and BILL Launch CashFlowIQ Learn more & get our take 👇 https://lnkd.in/dNApw_cr “Businesses are looking for banks that provide more than financing; they want practical solutions to better manage their cash flow. That’s what we’re delivering. Regions CashFlowIQ helps clients digitally transform, automate, and consolidate their payment processes. This results in smoother business operations.” — Bryan Ford, Head of Treasury Management at Regions Bank “Businesses need flexible and efficient ways to manage their finances and to enable their long-term success. They rely on trusted providers to help them manage and automate payments quickly and securely. With BILL’s payments engine, large network, and ongoing innovation in helping businesses modernize and automate their financial operations, we are excited to work with Regions Bank to power a new digital solution for their business clients.” — Irana Wasti, Chief Product Officer at BILL #banking #bank #SoFNews

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Introducing Olas Staking: Olas Staking is powered by novel primitive 'Proof of Active Agent' (PoAA), pioneered by Valory. "PoAA presents a thrilling growth opportunity for protocols and chains across crypto," said Olas DAO member and CEO of core contributor Valory, David Minarsch. "By defining PoAA staking programs to incentivize usage of their own technologies, crypto projects can spawn autonomous agents as their Daily Active Users." https://lnkd.in/eG-DRvZd

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Finagy's suite of Fast Funds solutions redefines direct bank-to-bank transactions, empowering you and your customers with unparalleled efficiency in payments and collections: ▶️ Next-morning ACH funding, eliminating the need for reserves. ▶️ Same-day posting for both ACH credits and debits. ▶️ Round-the-clock ACH credit and debit transfer capabilities, operating 24/7/365. ▶️ Non-returnable ACH transactions, offering guaranteed security. ▶️ Enhanced electronic funds transfers through digitized paper checks (Check21), ensuring faster and more secure processing. Our unified approach simplifies the financial transaction ecosystem: a single agreement, seamless integration, one access point, consolidated billing, and a comprehensive dashboard. For those seeking an alternative to the complexities and costs associated with card transactions, Finagy presents a sophisticated collection of low-cost, bank-to-bank payment solutions. Explore the future of financial transactions at Finagy.com. #ElectronicPayments #EFT #DigitalPayments #BankingTechnology

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📢 Ondo Finance is delighted to announce that MANTRA will feature Ondo’s flagship yieldcoin, $USDY, as a genesis asset when its blockchain debuts. $USDY provides exposure to short-term US Treasuries alongside the utility of stablecoins. 🗣 John Patrick Mullin, Co-Founder & CEO of MANTRA, noted, "Enabling Ondo $USDY, the market-leading tokenized US treasury product, marks a significant expansion of our ecosystem. Having a fungible interest-bearing base layer of liquidity via $USDY is critical to enhancing our onchain liquidity profile. This cutting edge product launch is part of MANTRA Chain’s broader strategy to work closely with all leading RWA projects to create the most liquid Layer 1 blockchain purpose-built for RWAs." 🚫 NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act. tps://https://lnkd.in/gaVE-AA7 #OndoFinance #USDY #RWA #Tokenization #onchain

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Hex Trust has integrated with Ondo Finance to expand our digital asset custody solutions. This partnership enables our clients to securely custody Ondo's yieldcoins $USDY and $OUSG (note that $USDY is not offered, sold or made available to US persons or in the US), reflecting our commitment to providing diverse and regulated digital asset access. By combining Hex Trust's compliance-focused custody solutions with Ondo's innovative yield generation strategies, this partnership is enhancing value and expanding digital asset access for our institutional clients. Learn more: https://lnkd.in/e8cweJPq #DigitalAssets #CryptoCustody #DeFi #InstitutionalFinance

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Small Business Lending Is Crucial in Fighting the Deposit Wars This Gonzo Banker article talks about how banks must develop a strategic approach to capture the small business lending market. By targeting underserved niches, employing dedicated teams, and leveraging automation, banks can streamline processes and reduce costs. The key is integrating technology and data-driven strategies to identify and prequalify potential borrowers. Discover in this article how to seize this market advantage. #SmallBusinessLoans #SmallBusinessLending #BankingStrategy https://lnkd.in/gytvkp78

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Want to enable your customers or members to send instant payments over the FedNow® Service but don’t know where to start? Learn more: https://lnkd.in/dWQjcxmG #payments #instantpayments #FedNow #banking #FederalReserve

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Consumer Financial Protection Bureau Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans “When consumers check out and choose Buy Now, Pay Later, they don’t know if they will get a refund if they return their product or whether the lender will help them if they didn’t get what was promised,” said CFPB Director Rohit Chopra, CFA. “Regardless of whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations already on the books.” https://lnkd.in/eMdDH3Re #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Last week, Block (formerly Square, Inc)’s Public Policy Lead - Small Business, Payments, Hardware, Will Paul, joined Global Blockchain Business Council (GBBC) Virtual Members Forum to unpack self-custody, market options, and introduce Bitkey, Block’s latest self-custody wallet. Key Takeaways:  💡How you prove ownerships of your assets is key, and it is all about self-custody  💡It is paramount to find a way to safely store, manage, and use our keys  💡Self-custody wallets provide a solution to the challenges that can arise if a third party or intermediary holds your keys  💡When it comes to regulation, there is a debate surrounding “what is control” - as self-custody is user control, there should be different requirements Missed the discussion? Check out the recording here ⤵️  https://lnkd.in/gQNFdjcH #Block #Square #selfcustody #publicpolicy #wallet #blockchain 

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Navigate the complexities of the FedNow® Service with ease. This blog answers commonly asked questions—ideal for community banks seeking to enhance their payments experience. #FedNowService #communitybanks #payments

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