Processing & Systems

23 Aug 22 @ 09:19

The New York State Department of Financial Services (DFS) has issued a new Regulatory Guidance, setting foundational criteria for USD backed stablecoins used by DFS-regulated entities. This represents the first US... read more

22 Aug 22 @ 12:30

In August 2020, Citibank mistakenly used its own money to repay a $900 million term loan it administered on behalf of Revlon that was held by multiple asset management groups.... read more

16 Aug 22 @ 12:03

A new white paper from Tietoevry explains how categories of merchants traditionally reliant on cash are now adapting to a cashless world. After COVID-19, Europe’s long and slow decline in... read more

12 Aug 22 @ 13:55

When Apple launched its Apple Card credit card in 2019, it was touted as a gamechanger, with the usual levels of simplicity and transparency that users expect from Apple products. Behind the... read more

12 Aug 22 @ 13:29

The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into the currencies of countries that haven’t joined sanctions imposed by... read more

11 Aug 22 @ 13:35

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC).... read more

03 Aug 22 @ 09:00

Tietoevry has decided to initiate a strategic review of Tietoevry Banking, including a process to study the potential separation into an independent company that would be listed on a stock... read more

20 Jul 22 @ 09:44

Apple has been sued in a proposed class action by payment card issuers accusing it of abusing its market power in mobile devices to thwart competition for the Apple Pay... read more

19 Jul 22 @ 12:15

Instagram has announced a new “Payments in Chat” feature using Meta Pay. This will allow consumers to purchase directly from qualified small businesses’ direct messages on social media. Payments on... read more

18 Jul 22 @ 12:29

As digitisation continues apace, many prominent financial institutions (FIs) are choosing to carry on running their core business on outdated payments technologies that can’t sustain the ever-increasing pace of progress... read more

13 Jul 22 @ 10:25

This week sees the 36th Annual General Meeting of the International Swaps and Derivatives Association, held in Madrid. As part of his Keynote speech Pablo Hernández de Cos, Chair of the... read more

11 Jul 22 @ 09:33

Banking Circle is moving into the virtual assets market with a new service for Banks and Payments businesses, by adding USDC stablecoins to its payment rails for payment acceptance, processing... read more