Processing & Systems

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CMA clarifies definition of Variable Recurring Payments for Sweeping

20 May 22 @ 12:24

In July 2021, the CMA mandated the use of variable recurring payments (VRPs) as the mechanism for implementing sweeping under item A10 of the Roadmap (the July letter). In the... read more

Interview: The future of banking is phygital

18 May 22 @ 12:19

Traditional banks and neobanks have complementary strengths. Phygital banking services combine the best of both worlds and create new, exciting customer experiences. Phygital services are considered “the next big thing”... read more

Stablecoins crisis – What happened to the $3.5 billion Terra reserve?

16 May 22 @ 11:14

The crisis engulfing one of the world’s biggest stablecoins has worsened, inflaming regulators’ concerns over the assets that underpin the global cryptocurrency market. The episode has poured fresh fuel on... read more

Red flags to look for when selecting payments technology platforms

12 May 22 @ 10:10

A new white paper from Compass Plus Technologies argues that when it comes to payments technology platforms modernisation strategies, there is a lot more to consider than just investing in... read more

Interview: RS2 a single platform enabling global commerce

11 May 22 @ 11:53

Headquartered in Europe, RS2 have launched a new service as a global full-service payment provider. We spoke to Radi El Haj, RS2 CEO, to find out what this move means... read more

Results of the 2021 BIS survey on central bank digital currencies

09 May 22 @ 12:52

Nine out of 10 central banks are exploring central bank digital currencies (CBDCs), and more than half are now developing them or running concrete experiments. In particular, work on retail... read more

Eurasian payments: Electronic payments moving fast

05 May 22 @ 10:30

New data from Payments Cards & Mobile’s Digital and Card Payments yearbooks reveals strong growth in electronic payments across Russia and the former Commonwealth of Independent States (CIS) – though... read more

Alternative Payments: Why are “Alt Pays” on the rise?

05 May 22 @ 10:00

As both Visa and Mastercard announce higher charges for e-commerce transactions and almost two-thirds of Europeans now bank online, it seems the popularity of alternative payment methods, or “alt-pays”, continues... read more

Citi launches SEPA instant payments

04 May 22 @ 17:27

Citi has announced it will launch SEPA Instant Payments in Europe, further increasing the bank’s global Instant Payments offering. The launch will provide clients with the ability to pay to... read more

Interview: The rapid rise of Pix real-time payments in Brazil

04 May 22 @ 08:58

Two years ago, the Brazilian Central Bank decided to launch Pix, a real-time payment scheme that the bank developed, manages, operates, and owns. Since its launch, Pix has seen remarkable... read more

Interview: Joining the SEPA Request-to-Pay scheme (SRTP)

03 May 22 @ 09:29

Single Euro Payments Area (SEPA) Request-to-Pay (SRTP) is one of the most recent European Payments Council (EPC) schemes. Sami Karhunen, CEO of the first scheme participant, Pine & Cone Oy,... read more

UK could generate additional £2.6 billion economic output using real-time payments

27 Apr 22 @ 17:11

The Centre for Economic and Business Research (Cebr) predicts that by 2026, £1.3 billion could be made in cost savings for British businesses and consumers through real-time payments – helping... 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