Processing & Systems

Showing Latest Processing & Systems

Three-quarters of European banks to outsource payments infrastructure

01 Nov 22 @ 15:00

A new study from leading banking and payments infrastructure specialists Tietoevry Banking reveals that almost three-quarters (73.2%) of European banks intend to outsource parts of their payments infrastructure over the... read more

Visa, Mastercard and AmEx go big on earnings – Discover down

31 Oct 22 @ 18:04

Its that time again…and its been another stellar quarter for most of the big payments companies even as the rival Big Tech sector has seen a sell off. Strong consumer... read more

The EBA Fraud Taxonomy is now publicly available

30 Oct 22 @ 14:30

To match the speed of instant payments and their increasing adoption throughout Europe, fraud prevention and detection tools not only have to be fast but should also be able to... read more

Swift accepts community request to delay ISO 20022 migration

30 Oct 22 @ 14:24

Swift says it has worked extensively with its global community to prepare for the start of the ISO 20022 migration for cross-border payments and reporting (CBPR+). Since August, all required... read more

BIS Project mBridge CBDC pilot deemed a success

26 Oct 22 @ 18:53

The Bank for International Settlements (BIS) says the six-week Project mBridge pilot to evaluate whether CBDC would be useful for foreign exchange transfers has successfully processed 160 payments worth around... read more

How banks fail to make use of data – and what to do about it

26 Oct 22 @ 18:40

PCM spoke to Andrej Andelic, Business Development Executive at Nets, about what banks are missing out on by not maximising the benefits of customer transaction data. PCM: Many larger banks... read more

EU set to mandate instant payments in euro zone

25 Oct 22 @ 18:05

A draft European Union rule would demand that euro zone banks in would be required to provide instant payments in the single currency. The EU wants to modernise payments so... read more

Banks are missing out on a customer payment data goldmine

17 Oct 22 @ 16:45

Nets has launched a new product that helps banks which are currently struggling to collate and interpret customer payment data. Time and budget constraints mean most banks do not keep up... read more

Are you balancing your payments business on a house of cards?

17 Oct 22 @ 10:21

A new white paper from Compass Plus Technologies asks a pertinent question often overlooked in discussions around payments business legacy system replacement: in an industry that is increasingly embracing alternative... read more

Cheque use drops to all time low – Faster Payments picks up slack

11 Oct 22 @ 13:23

Cheque usage continues to decline for business-to-business (B2B) payments in US and Canada (North America), falling to an all-time low of 33% since AFP (Association for Financial Professionals) began tracking this... read more

Payment Processing as a Business – A huge opportunity for Banks

10 Oct 22 @ 15:20

Research conducted by Celent has revealed that, in response to commercial pressures and changing scheme and regulatory requirements, payments processing is transforming from a commodity to a business, creating compelling... read more

SWIFT paves way for global use of CBDCs and tokenised assets

05 Oct 22 @ 16:54

SWIFT says that it has demonstrated that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more