Processing & Systems

23 May 19 @ 10:57

Recent reports have announced that several large global banks are in the process of investing around $50 million to create Fnality, a digital cash system using blockchain technology to settle... read more

21 May 19 @ 08:25

SWIFT says that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform. The European Central Bank (ECB) and... read more

03 May 19 @ 09:38

Royal Bank of Scotland (RBS) is launching a merchant acquiring service, NatWest Tyl, for small to medium-sized businesses (SMBs), heading back into the payments business, putting it in direct competition... read more

01 May 19 @ 11:02

Visa recently signed a deal enabling FIS’ clients to have access to Visa B2B Connect. The  uses blockchain to make high-value corporate payments internationally without using SWIFT. In order to... read more

29 Apr 19 @ 11:17

The Saudi Arabian Monetary Authority (SAMA), represented by Saudi Payments, has entered into agreement with Vocalink & IBM to develop the new faster payments system planned for launch at the... read more

02 Apr 19 @ 15:09

A range of pressures are bearing down on acquiring and processing businesses, including the emergence of new technologies such as faster payments and blockchain solutions – not to mention increasing... read more

18 Mar 19 @ 12:22

FIS has announced that it has offered $43 billion to buy Worldpay, in a deal that would create one of the largest providers of payments infrastructure that powers banks and... read more

14 Mar 19 @ 12:45

That banks are struggling with complexity and how to manage competing priorities is nothing new. However, the growth of mobile and now IoT payments means that banks need a back-end... read more

11 Mar 19 @ 17:14

According to the World Payments Report, the global volumes of non-cash transaction volumes grew by 10.1%, reaching 482.6 billion between 2015 and 2016. In addition, McKinsey’s recent Global Payments 2018... read more

11 Mar 19 @ 08:49

Mastercard dropped out of the competitive bidding with rival Visa for Earthport and announced it has entered into an agreement to acquire Transfast, a competitor account-to-account money transfer network. Transfast... read more

06 Mar 19 @ 10:38

The European Commission (EC) has been reported to be considering implementing new regulations to support and accelerate the adoption of TARGET Instant Payments Settlement System (TIPS) in an effort to... read more

06 Mar 19 @ 10:37

The SEPA Proxy Lookup (SPL) service, a new service that creates secure interoperability between existing mobile P2P payments services has launched. The SPL service is ready to be used, and... read more