Processing & Systems

Showing Latest Processing & Systems

EBA CLEARING RT1 reaches critical mass and R2P pilot goes live

30 Jun 20 @ 10:23

EBA CLEARING says that its RT1 platform has made considerable progress in building up pan-European instant payment reach across the French retail payments market: the system extends pan-European reach through... read more

Visa says Request to Pay trial with Pay.UK a success

27 May 20 @ 15:38

Visa says it will continue its support for Pay.UK after facilitating the first Request to Pay message sent and received using Pay.UK’s standards. Request to Pay is a messaging service... read more

OpenPayd enhances SEPA payment capabilities

15 Apr 20 @ 10:54

OpenPayd, an API-first Banking-as-a-Service provider, has announced it has enhanced its payments capabilities with direct access to the SEPA payment scheme (Single Euro Payments Area). The new integration will see... read more

Compass Plus migrates Network International Egyptian Issuers

15 Apr 20 @ 10:35

Compass Plus has successfully migrated Network Internationals 12 Egyptian issuer processor clients (banks) to Compass Plus software from legacy infrastructures, applying its experience and expertise from similar global projects. Seeking... read more

Nacha report: The top 50 ACH payments Originators and Receivers

09 Apr 20 @ 10:14

The Nacha Top 50 rankings of financial institution originators and receivers of ACH payments for 2019 are now available. Among originating financial institutions, the Top 50 handled ACH volume of... read more

MYHSM and OpenWay rethink payment security in the cloud

31 Mar 20 @ 12:50

A growing number of banks and processors are choosing to adopt a cloud architecture for their payment solution. This is especially relevant for greenfield projects where a company launches a... read more

eBay set to begin managing its own payments in the UK

02 Mar 20 @ 17:25

As part of modernising its marketplace and creating a more streamlined experience for customers, eBay is expanding its management of payments to the UK. As part of the rollout this... read more

Russia’s MIR payment network expands into Tajikistan

21 Feb 20 @ 12:07

The acceptance of MIR National Payment System cards has been announced in Tajikistan, opening up access to Russians who live in, or travel to, the country. Other countries where MIR... read more

RS2’s new direct acquiring business launches in Latin America with MOViiRED

07 Feb 20 @ 16:46

RS2 Group has entered into a partnership agreement with MOViiRED Colombia. As part of this partnership, RS2 will launch its new direct acquiring business for the first time anywhere in... read more

$8.14 billion of AML fines handed out in 2019 – USA and UK top the list

13 Jan 20 @ 17:58

Since 2015, annual AML (Anti Money Laundering) penalty figures have been steadily rising each year. Multi-million dollar fines have been commonplace for a while, but we are now seeing more... read more

MyBank transaction volume exceed €15 billion

13 Jan 20 @ 15:00

MyBank, the pan-European payment platform that allows users to pay online via immediate bank transfer through their internet banking, closed out a record year reaching more than €15 billion in... read more

9 trends reshaping banking in 2020: #2 Citius, altius, fortius with Agile

20 Dec 19 @ 10:00

A truly agile organisation in 2020 and beyond will be a sum of various self-learning, self-healing, and self-evolving parts, each of which works in tandem with the other through suitable... read more

Trending

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