Processing & Systems

10 Jan 19 @ 19:07

Hungary’s commercial banks have begun a test phase of a domestic instant-payments system expected to go live on July 1, the clearing house operator GIRO said on Thursday. Under the... read more

08 Jan 19 @ 09:17

Ingenico and Deutscher Sparkassenverlag (DSV), have announced the finalisation of the combination of BS PAYONE, a Sparkassen-Finanzgruppe subsidiary, with Ingenico Retail assets in DACH (Germany, Austria, Switzerland) following the approval... read more

08 Jan 19 @ 09:08

Nets and Concardis have confirmed that they have completed the merger originally announced in June 2018. Bo Nilsson will lead the combined group as CEO and Robert Hoffmann will continue as Concardis... read more

27 Dec 18 @ 09:29

Visa Inc is to pay £198 million pounds to buy Earthport Plc, a British firm that facilitates international transactions for banks and businesses. Visa International Service Association, a unit of... read more

30 Nov 18 @ 16:48

The European Central Bank says it will launch the first pan-eurozone instant payments service, with the primary aim of recouping some lost ground to US and Asian tech giants. The... read more

28 Nov 18 @ 15:09

China and Russia are reported to have agreed on a new bi-lateral payment system to boost the use of their national currencies in bilateral and international trade, underscoring their intent... read more

16 Nov 18 @ 15:23

Payment services have been pretty straightforward for a pretty long time. Even the mainstreaming of online shopping required little more than adding an e-commerce channel to a payment system already... read more

16 Nov 18 @ 12:23

National Bank of Greece has replaced its legacy mainframe systems with WAY4, a modern, future-proofed platform from OpenWay. WAY4 will support increasing transaction volumes and accelerate the development of new... read more

15 Nov 18 @ 07:47

JPMorgan Chase says it has conducted successful tests of its blockchain-based payment system, Interbank Information Network (IIN). The project is now able to scale transactions effectively, with more than 100... read more

09 Nov 18 @ 16:39

Deutsche Bank this week made two telling announcements as it signalled it is moving into a highr gear to keep pace with the digitisation of payments and platforms around it.... read more

01 Nov 18 @ 12:03

An unprecedented combination of drivers for change are at work in today’s financial services industry. Some of these factors, particularly digitisation, are influencing the majority of industries – driving increasing... read more

11 Oct 18 @ 13:54

Mastercard, WorldPay and AmEx were among the payment processors who took part in a ‘cyber war game’, in a bid to test their systems amid rising IT security threats. The... read more