Panama: Same Day Money TransfersThursday, April 7, 2016 An agreement is in effect which requires banks to immediately register all customer transactions made through online banking services or at ATMs. From April 1 all banking transactions made by the ACH system in Panama may be compensated and be made available to customers on the same day of the transaction. Agreement 001-2016 with the Superintendency of Banks requires banks to immediately register all transactions that customers make through online banking services or ATMs. Guatemala: Mobile Banking GrowingFriday, June 12, 2015 Payment transfers and basic services are the types of transaction most made by the 708 thousand users of mobile financial services recorded in the country. 82.9% of users of financial services are concentrated in the department of Guatemala, equivalent to 587,366 affiliated mobile customers. The average amount of transactions completed using this system nationwide is $85. Costa Rica: Money Transfers Via SMSFriday, May 8, 2015 The new service SINPE Móvil allows phone line to be connected to a bank account in colones, in order to make transactions to another bank account using text messages. Banco Central de Costa Rica's application, SINPE Móvil, also allows the use of mobile applications, online banking and mobile banking websites so that you can make any banking transaction and make transfers to any other registered mobile terminal. Financial Sector Forced to InnovateTuesday, July 21, 2020 The current business scenario ended up breaking down several barriers, and now there are more customers who demand the online services of financial institutions, which are challenged to facilitate digital processes and in turn apply strict security standards. In the last four months, in most Central American cities, bank clients have moved away from the bank's service points, because between the home quarantines decreed due to the spread of covid-19 and the preference to avoid attending places where large numbers of people can congregate, consumers are choosing to look for ways to carry out transactions digitally. Growing Use of Electronic BankingMonday, April 9, 2018 In Costa Rica in the past seven years the number of financial transactions carried out using digital banking almost doubled, going from 64 million in 2010 to 151 million in 2017. From a statement issued by the Costa Rican Banking Association: Obligation to Report Suspicious TransactionsFriday, June 24, 2016 A year after laws were approved to prevent money laundering in Panama there are still companies that have not been registered and will not be able to report suspicious transactions. The laws passed in April 2015 extended supervision to companies which up until now have been unregulated such as those selling vehicles, and construction companies in free zones, which are required to report suspicious transactions under the new legal framework. |
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