Introduction In this article, we will delve into the flow of money across the banking world. We will discuss the various types of money transactions and what each entails. A transaction can be des...

What is Risk Refers to the potential losses either in finance or reputation or even could lead to bankruptcy. It is the probability that a transaction will not be completed as expected. Credit Ri...

Overview Payment classification describes the lifecycle of a transaction consisting of three stages: Location, Initiation, and Settlement. Payment Initiation This is the critical entry point. It...

Introduction This mainly pertains to the architecture of payment networks. This stage involves moving funds from the payer to a payee for cross-border or complex domestic transactions, even where ...

Overview In this article, we will look at Payment Processing. Payment processing in banking refers to the system that enables the secure transfer of funds between a payer and a payee, typically in...

Introduction In this article, we will look into Routing. This is also known as payment orchestration. It is the process of selecting the most efficient, cheapest, and secure route for a payment to...

Introduction In this article, we will cover Messages, Clearing, and Settlements. These are steps or processes that your money undergoes in order to facilitate its movement from one bank to another...

Overview In this article, we will be looking at how money moves from one person’s account to another or from one account to another. This process has two scenarios. Money can be moved from one acc...

Introduction This will be the beginning of a series that dives deep into the Banking and Payments sector. Since money is part and parcel of our lives, everyone ought to know how their money moves ...