Processing & Systems

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EPC’s 20th anniversary: The transformation of European payments

04 Apr 22 @ 17:30

This year is very special for the European Payments Council (EPC), which celebrates its 20th anniversary. To mark this occasion, the EPC interviewed Javier Santamaria, who has been active within... read more

Record number of consumers abandon financial applications during onboarding

04 Apr 22 @ 10:57

New research that shows 68% of consumers in Europe have abandoned financial applications in the past year. The results are the worst for financial service providers since the Battle to... read more

Is Apple preparing to launch its own payment processing unit?

31 Mar 22 @ 16:18

Oh boy! Apple has been reported to be developing its own payment processing technology and infrastructure such as lending risk assessment, fraud analysis, credit checks, and dispute handling. Part of... read more

BIS Project Dunbar cross-border CBDC initiative deemed a success

22 Mar 22 @ 17:12

The Bank for International Settlements (BIS) has announced the completion of prototypes for a common platform enabling international settlements using multiple central bank digital currencies (CBDC). Project Dunbar as the... read more

European Payments Initiative hits troubles as majority of Banks leave

22 Mar 22 @ 09:37

In late December troubling reports emerged surrounding the European Payments Initiative (EPI) as some European lenders were holding off their plans to join the project. EPI Interim Company, tasked with... read more

Open Banking: The changing rules on 90 day re-authentication

17 Mar 22 @ 17:10

Open Banking got started back in 2018 thanks to ground-breaking regulations (PSD2), that gave consumers the right to access their bank account data using third parties called account information services providers... read more

Considerations for merchants looking to embrace faster, smarter B2B payments

08 Mar 22 @ 16:42

B2B payments are continuing to evolve rapidly as merchants look to meet and exceed customer expectations. Today’s B2B businesses are recognising the pressing need to develop a future-ready and resilient... read more

Banks embrace the brave new world of AI

08 Mar 22 @ 10:17

While physical branches may be dwindling in number, and digital transactions comprise the bulk of bank-customer interactions, the need for consistent and quick customer service has not changed. What has... read more

What every non-financial business should know about Banking-as-a-Service

04 Mar 22 @ 12:29

For years, the cost and complexity of building financial services have restricted everyone but banking institutions from the space. Any non-financial brand that wished to offer its own lending or... read more

EU pulls trigger on Russia Swift ban – but will it be effective?

02 Mar 22 @ 16:58

The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of including those handling energy payments. However, there are those questioning... read more

Russian banks cut off from Swift and Central Bank from international reserves

28 Feb 22 @ 09:52

For all of those of us, myself included, who thought that the sanctions laid out by ally governments around the world on Russia were not strong enough, I think we... read more

Indecision in Europe as UK and US push for Russian ejection from Swift

25 Feb 22 @ 16:21

A raft of economic sanctions have been heaped on Russian banks and oligarchs as the West promises to make Vladimir Putin pay dearly for invading Ukraine. But even with Russian... 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