September 15, 2019

Butterfield in Cayman Islands settlement bank role

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By Jonathan Kent From The Royal Gazette Butterfield Bank has teamed up with five other retail banks in the Cayman Islands to create an automated clearing house to ease electronic funds transactions and enable same-day transfers. A similar system is already in operation in Bermuda, but Butterfield says the project in Cayman has helped it […]

Automated clearing house is launched for Cayman Islands retail banks.

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The Cayman Islands Banker’s Association has announced an automated clearing house (ACH) has been launched for local retail banks. The Association also said the ACH is designed to clear and settle electronic transactions and domestic payments in both US and CI currencies. The ACH will be rolled out in phases, with the first being electronic […]

50th Association of Caribbean Historians Annual Conference

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The Association of Caribbean Historians (ACH) is commemorating its 50th Conference this year, and just over 100 historians are expected to gather at the Cave Hill Campus of The University of the West Indies (UWI) in Barbados for the its Annual Conference from June 10 to June 15, 2018. The conference, which is being held […]

Aperta provides Electronic Funds Transfer (EFT) in Cayman Islands

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(BUSINESS WIRE)– Once again, the Aperta Active Clearing System (ACS) has delivered the mechanism for a country to implement a world-class electronic payment processing environment to maximize a national payments system’s efficiency, effectiveness, security and control. Aperta partnered with the Cayman Islands ACH Operator (Prism Services (Cayman) Ltd.) and local commercial banks to deliver a new […]

The Editor speaks: The pigeons are now redundant

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It is FINALLY a sign of progress that the six Cayman Islands retail banks has announced they have signed a contract making pigeons that have been used up until now, redundant. Brian Esau, President of the Cayman Islands Bankers’ Association, in a Press Release, said, “New innovations and technology are changing the way consumers and […]

Cayman Islands banks announce automated clearing house agreement

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Six retail banks have joined forces to offer local Automated Clearing House (ACH) services in the Cayman Islands for the first time. ACH (Cayman) Limited, a company formed by the partnership of the six retail banks, has announced the signing of a contract with Prism Services (Cayman) Limited, effective September 15th 2017, for the provision […]