Processing & Systems

Showing Latest Processing & Systems

UnionPay accounts for 45% of global cards spending – Visa still on top

09 Oct 20 @ 16:06

New research shows that spending on payment cards continues to grow strongly, expenditure rose by 13% to reach $35 trillion in 2019. There were a number of factors driving this... read more

Payments report: COVID-19 payments revenue growth scenarios modelled

08 Oct 20 @ 13:14

Payments players are used to operating in an instant and real-time world, but few could have anticipated the crushing speed of the pandemic or its devastating toll. With economic life... read more

ECB proposes cross-currency instant payments pilot with Sveriges Riksbank

08 Oct 20 @ 13:00

The ECB has announced that it will investigate how TARGET Instant Payment Settlement (TIPS) could support instant payments transactions across different currencies. The investigation will begin as of October 2020... read more

P27 Nordic Payments Platform makes strategic acquisition of Bankgirot

06 Oct 20 @ 15:11

P27 Nordic Payments Platform, after having registered interest in 2019, has signed an agreement to acquire Bankgirocentralen BGC AB (Bankgirot), Sweden’s only clearing house for mass payments. Bankgirot, established in... read more

The European Payments Initiative: Building partnerships or raising red flags?

23 Sep 20 @ 12:43

In July the European Central Bank welcomed the decision brought forward by 16 European banks to launch The European Payments Initiative, a pan-European payment scheme. Although the solution aims to... read more

SWIFT announces a new strategy for instant payments

17 Sep 20 @ 08:05

In response to the growing number of Real-Time Payments initiatives taking place globally, SWIFT has announces that over the next two years and beyond it will fundamentally transform payments and... read more

E-payments: Latin America joins the race to develop alternative payments methods

14 Sep 20 @ 09:50

The Latin American e-payments market is in full development. We are seeing high rates of growth in alternative payment methods and processing solutions, especially after countries such as Chile and... read more

BIS Report: Rise of the central bank digital currencies (CBDC)

28 Aug 20 @ 12:39

Central bank digital currencies (CBDC) are receiving more attention than ever before. Yet the motivations for issuance vary across countries, as do the policy approaches and technical designs. A new... read more

COVID has changed payments for good: now’s the time to seek expert advice

11 Aug 20 @ 09:27

COVID has accelerated changes in payments such that we’re already in a different landscape – and companies urgently need to make sure they’re ready. Amidst the tragedies and challenges we’ve... read more

Only 9% of major banks monetise payments data

15 Jul 20 @ 11:55

Only 9% of the world’s top tier banks are effectively monetising payments data. Findings from Aite Group’s report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions, also... read more

SEB to implement virtual accounts solution

13 Jul 20 @ 09:14

SEB will launch a new virtual account management solution in partnership with Nordic software company TietoEVRY. With the new service, the bank can offer its corporate customers virtual cash management... read more

Major Eurozone banks begin implementation of the European Payments Initiative (EPI)

02 Jul 20 @ 14:23

A group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments Initiative (EPI). ... 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