By The Numbers

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By The Numbers
Don't Leave Money on the Table: Why Banks Should Partner with Fintechs

As fintech continues to create value through expanded access to financial services, banks have the opportunity to partner to provide better product support and customer experiences.

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By The Numbers
How Modern Treasury Can Support Banks

With the internet providing increasingly new ways to distribute and interact with financial products, the banking industry is losing ground to new fintech entrants. Modern Treasury can provide the software to help banks compete. In this journal, we take a look at the opportunity that exists for us to work better together.

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By The Numbers
How Tech Forward Banks Made Nacha's Top 50 Originators List

Last month, Nacha released their top 50 ACH Originators, which included some surprisingly small financial institutions. In this By The Numbers journal, we dig into how tech forward banks are pursuing new strategies for revenue growth, enabling them to compete with bigger banks.

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By The Numbers
How Do Interbank Settlement Networks Work?

In this post, we explore how interbank settlements work, why they are used, and what happens to transactions at cutoff or if there is a system outage.

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By The Numbers
Why Do Banks Impose Cutoffs?

In this By the Numbers Journal, we provide a definition of cutoff times, explain why they’re crucial, and explore how they might affect business money movement.

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By The Numbers
The State of Payment Operations in 2021

This year, we conducted the first State of Payment Operations survey. This By The Numbers journal talks through some of the key survey points and the case for modernizing payment ops.

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By The Numbers
Real Time Payments Around the World

As a category, moving money instantly is often called “faster payments.” Faster payments are defined by three attributes: speed (instant), availability (24x7x365), and confirmation (available to both sender and receiver immediately). And though we think of the United States as a global leader in innovation, when it comes to faster payments, we are lagging way behind. 

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By The Numbers
What Does INDN Mean?

Bank statements can be difficult to understand. We’ve previously written about bank statement descriptions and how they work. In this post, we will focus on a specific abbreviation, INDN, that you may see on your bank statement.

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By The Numbers
What is the PCI of Bank Payments?

Credit card users today can transact online with peace of mind because card-accepting merchants are subject to Payment Card Industry Data Security Standard (PCI DSS). Security is also a concern for bank payments.

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By The Numbers
Why Idempotency Matters in Payments

At Modern Treasury, we place a strong emphasis on building systems that behave predictably and are resilient to failures. An important characteristic of these systems is that they are idempotent. In this article, we’ll explain what being idempotent means and why it is important for systems that handle payments like we do at Modern Treasury.