LetUs, CheckAlt Collaborate on Check Payments
In today’s top digital banking news, LetUs By RentMoola collaborated with CheckAlt, while Hanseatic Bank unified their authentication processes with the help of Entersekt and Netcetera. Additionally, DailyPay works with PNC Bank and The Clearing House on real-time payments of earned income.
LetUs, the CheckAlt team on simplified check payments
LetUs By RentMoola has partnered with CheckAlt, a safe deposit and cash management company, to enable faster check payments. Financial institutions (FIs) and businesses leverage CheckAlt’s offerings. A Qualtrics study found that 42% of millennials still use checks for some type of transaction such as paying rent.
Hanseatic Bank partners with Entersekt and Netcetera for identity authentication
Hanseatic Bank, a German FI, has unified its authentication processes with a cloud-based Identity and Access Management (IAM) offering from Netcetera. “We are delighted to be part of the success story of Hanseatic Bank as an integral part of the Netcetera IAM solution,” said Uwe Härtel, Country Director for Central Europe at Entersekt, in a press release.
DailyPay, PNC, TCH Partner on Real Time Payments of Earned Income
DailyPay, a pay-on-demand company, works with The Clearing House and PNC Bank to provide employees with real-time payments of income earned on the RTP network. “DailyPay’s use of the RTP network provides a seamless user experience and benefits both worker and employer,” said Steve Ledford, senior vice president of strategy and product development at The Clearing House, in a statement. .
China tests digital yuan in salary payments
The digital yuan is now in play in the new Chinese zone of Xiong’an. The neighborhood, located near Beijing, has served as a testing ground for new economic ideas. The digital yuan, which is a central bank digital currency (CBDC), will be mined there to pay some workers. China is said to be very advanced in its piloting of the new digital yuan. It has done this in several regions over the past year.
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