Central Banking

Fed and Equens open transatlantic payment channel

clearing capital to increase

The Federal Reserve Banks, which operate an automated clearing house (ACH), and Equens, a European payments processor, have processed the first payments across a new transatlantic link between the two organisations.

US-based US Bank and DZ Bank of Germany were the first to make use of this channel, the four organisations said in a joint release on Monday at Sibos, a payments and settlements conference hosted by Swift, a financial communications provider, in Amsterdam. The first payments went thr

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