A Guide To ISO 8583: What You Should Know | IR
ISO 8583 explained. 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.
The Complete Guide to Understanding ACH Payments - IR
Among the sectors experiencing tremendous growth in 2021 was business-to-business (B2B). The 5.3 billion B2B payments—valued at $50 trillion—reflect a 20.4% increase from 2020, as the pandemic fast-tracked businesses’ switch to ACH payments. Over just the past two years, ACH B2B payments are up 33.2%.
SWIFT Messaging Format: What Businesses Need To Know | IR
SWIFT MT Message Structure. All SWIFT messages include the literal “MT” (message type). This is followed by a three-digit number that denotes the message category, group and type. A SWIFT MT message consists of the following blocks or segments: {1:} Basic Header Block. {2:} Application Header Block.
Network Jitter - Common Causes and Best Solutions - IR
Network Jitter - Common Causes and Best Solutions. Written by IR Team. [email protected]. 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 ...
Understanding Liquidity in Banks: A Guide | IR
Liquidity is a measure of the money and other assets a bank has readily available to quickly pay bills and meet financial obligations in the short term. Capital is a measure of the resources available to a bank to absorb losses. Many people mistakenly think that capital is held in reserve like an asset, or kept aside by banks to use for ...
A Guide To Network Congestion: Causes and Solutions I IR
Network congestion occurs when a network is overrun with more data packet traffic than it can cope with. This backup of data traffic occurs when too many communication and data requests are made at the same time, over a network that doesn’t have enough network bandwidth to carry it. Image: Avinetworks.
What Is A Fund Flow Statement: Uses & Benefits Explained - IR
A funds flow statement helps indicate the addition in profits, which is a boon to shareholders. 2. Indicates addition of share capital. The fund flow statement can highlight changes in share capital. 3. Shows addition or reduction in share premium. The fund flow statement shows fluctuations in share premiums.
Understanding Liquidity Risk: Causes & Management | IR
Some of the most common sources/causes of liquidity risk include: 1. Inefficient cash flow management. Cash flow remains the life blood of all businesses, and proper cash flow management provides good visibility into whether an organization has adequate liquidity, as well as potential liquidity challenges and opportunities.
What Is Disaster Recovery Testing and Why Is It Important? - IR
A disaster recovery test is an important element of an organization's business continuity and disaster recovery (BCDR) plan. It essentially involves assessing the steps within this BCDR plan to be prepared for operational disasters. In this comprehensive guide, we'll look at how different types of disasters can affect businesses and the various ...
A Breakdown of Root Cause Analysis | IR
When a problem exists with your IT network, there may be many contributing, or causal factors, and root cause analysis (RCA) is the process used to identify root cause, so that appropriate solutions can be implemented as soon as possible. RCA encompasses the various methodologies, tools, and procedures used to identify the root causes of issues ...