A Guide To ISO 8583: What You Should Know | IR
The ISO 8583 protocol is used for systems that exchange electronic transactions initiated by cardholders using payment cards. Basically, when a cardholder uses a payment card, the electronic transaction data is exchanged throughout the network using ISO 8583 data elements, messages and code values ...
Network Jitter - Common Causes and Best Solutions - IR
A stable, reliable network connection is non-negotiable in today's interconnected world. Business productivity depends on it even more, now that a globally distributed workforce is the norm for many organizations. It's vital that your UC&C network, including Voice …
What Is Disaster Recovery Testing and Why Is It Important? - IR
Disaster recovery testing is an important element of an organization's business continuity and disaster recovery plan. A disaster recovery test is an important element of an organization's business continuity and disaster recovery (BCDR) plan. It …
Understanding Liquidity in Banks: A Guide | IR
Banks have been an essential part of the global financial ecosystem since the 18th century. Almost every country in the developed world now has a central bank which has a number of financial and political functions, including serving as banker to their own governments. Banking liquidity depends on a ...
The Complete Guide to Understanding ACH Payments - IR
Over the years, the world of banking has modified radically and has globally affected millions of individuals. During this age of development, instead of making payments by cash, checks, credit or debit card, the payment process has evolved into faster, safer and more efficient electronic methods of transferring money.
SWIFT Messaging Format: What Businesses Need To Know | IR
With international money transfers amounting to trillions globally each day, SWIFT codes exist to ensure the safety, security, and straight through processing of all those transactions.
Understanding Liquidity Risk: Causes & Management | IR
In financial terms, liquidity is the ease with which an organization can convert its assets into cash without the sale having a negative impact on its market price. In simple terms, liquidity risk is the potential difficulty that financial institutions or corporations might face in meeting their ...
What Is A Fund Flow Statement: Uses & Benefits Explained - IR
A fund flow refers to the inflow and outflow of funds or assets for a company and is often measured on a monthly or quarterly basis. A fund flow statement reveals the reasons for these changes or anomalies in the financial position of a company between two balance sheets. These statements portray ...
A Guide To Network Congestion: Causes and Solutions I IR
Today's business and working environment requires a fast, stable, and secure network infrastructure to connect all the network components, multiple devices and huge volumes of traffic that flows through it. Optimal network performance and the best user experience requires high uptime. Issues like ...
What are Legacy Systems and Why Do Companies Still Use Them?
In today's fast-moving digital world, technology is advancing so quickly that businesses hardly have time to become familiar with their operating systems before they become outdated or obsolete. Have you lost sight of your migration destination? Get back on track with Collab Compass. To allow for ...