Finance
Finance
BBVA Compass recently announced the launch of two new industry-leading fraud prevention and account reconciliation products, BBVA Compass RealTimeARP™ and BBVA Compass RealTime Positive Pay™. Shortly after the launch, we took a closer look at Positive Pay. Today, we put the bank’s ARP product under the microscope.
Deposit accounts, put simply, are bank accounts that allow money to be deposited and withdrawn by the account holder. The bank notes the balance of these accounts on its books as a liability, as it’s the amount the bank owes to the customer.
True to its commitment to innovation, BBVA announced the signing of a €35 million flexible term loan with spanish-based multinational Cosentino. This is the first time this format has been offered in the Spanish market, and was conceived by BBVA to meet the financing needs of its customers.
LOL. BRB. AFK. BTW. IMHO. Social media and texting have made this kind of alphabet soup ubiquitous. But what about FDIC? You see those letters on nearly every bank branch and every bank website you visit. But what do those letters mean? What do they even stand for?
BBVA Compass is an innovative leader and has placed itself on the forefront of the fast-paced digital revolution in the U.S. As such, another milestone in the bank’s innovative thinking came in the form of product launches announced recently in the treasury management arena.
There are plenty of ways to move money these days – from paying bills to receiving payments to paying friends – and most of them are digital.