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The System Open Market Account ( SOMA) is a securities portfolio managed by the Federal Reserve Bank of New York, that holds the assets it has purchased through open market operations (OMOs) in the course of carrying out monetary policy. Through SOMA transactions, the Federal Reserve System influences interest rates and the amount of reserves ...
BAI, or the BAI file format, is a file format for performing electronic cash management balance reporting. The BAI format was developed and previously maintained by the Bank Administration Institute (BAI). [ 1] One common application of the BAI format is for use by banks to transmit returned item data to customers (for example, checks which ...
G2A.COM Limited (commonly referred to as G2A) is a digital marketplace headquartered in the Netherlands, [1] [2] with offices in Poland and Hong Kong. [ 3 ] [ 4 ] The site operates in the resale of gaming offers and others digital items by the use of redemption keys .
The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets).
QFX is a proprietary variant of OFX used in Intuit's products. In Intuit products, OFX is used for Direct Connect and QFX for Web Connect. Direct Connect allows personal financial management software to connect directly to a bank OFX server, whereas in Web Connect, the user needs to log in and manually download a .qfx file and import it into Quicken.
Carding is a term of the trafficking and unauthorized use of credit cards. [ 1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [ 2] Activities also encompass exploitation of personal data, [ 3] and money laundering techniques. [ 4]
Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type ...
Free banking is a monetary arrangement where banks are free to issue their own paper currency ( banknotes) while also being subject to no special regulations beyond those applicable to most enterprises. In a free banking system, market forces control the total quantity of banknotes and deposits that can be supported by any given stock of cash ...