Processing & Systems

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Global Shadow Banking monitoring now worth $45tn – Report

13 Mar 18 @ 15:53

The Global Shadow Banking Monitoring Report 2017 presents the results of the FSB’s annual monitoring exercise to assess global trends and risks from the shadow banking system. The 2017 monitoring exercise covers... read more

Australia’s new Faster Payments platform officially launched

13 Feb 18 @ 17:26

Australias new Faster Payments platform has been officially launch and is the result of collaboration between 13 members of Australia’s financial services industry, including Australia’s four major banks and the... read more

MyBank payments hit €5 billion milestone

01 Feb 18 @ 09:44

PRETA S.A.S announced that MyBank Payments have enabled the initiation of payment transactions for a total transacted value of over €5 billion since its launch in March 2013. This milestone... read more

Visa CEO hits out at Bitcoin refusing to process transactions

25 Jan 18 @ 14:48

Bitcoin, the world’s largest cryptocurrency, is not really money and Visa will not get involved in processing Bitcoin related transactions won’t touch it, the CEO has said in an interview with... read more

Vantiv and Worldpay complete combination to form Worldpay Inc.

17 Jan 18 @ 13:31

Vantiv has completed its acquisition of Worldpay Group. The combined company, named Worldpay, Inc. creates a leading payments provider uniquely equipped to power global integrated omni-commerce, processing more than 40 billion transactions... read more

Move over IBM and Mastercard – BofA leads blockchain patent race

17 Jan 18 @ 11:15

Bank of America has applied for or received at least 43 patents for blockchain, the ledger technology used for verifying and recording transactions that’s at the heart of virtual currencies.... read more

Interchange fee rules ‘Not Fit For Purpose’ ahead of EU review

17 Jan 18 @ 10:11

European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants from... read more

Another record-breaking year for Bacs – 6.34 billion payments processed

11 Jan 18 @ 15:55

Latest figures show that 2017 was another record-breaking year for Bacs Payment Schemes Limited (Bacs), with over 6.34 billion payments, worth a total in excess of £4.9 Trillion, processed by... read more

TSYS to buy payment processing firm Cayan for $1.05 billion

19 Dec 17 @ 11:26

TSYS says it will buy payment processing firm Cayan for $1.05 billion in cash to expand its offerings to small and mid-sized US businesses. The deal is expected to modestly... read more

Ovum report: real-time payments key driver for $3.3 billion rise in technology spend

18 Dec 17 @ 13:45

New research from Ovum reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned... read more

An update on developments in European card products

30 Nov 17 @ 12:42

First Annapolis, now part of Accenture has been closely monitoring European card products to track the evolution of product offerings and pricing. Twice a year, it reviews the card products... read more

After the launch of a national payment system, what next?

24 Nov 17 @ 10:49

Building a national payment system is a huge undertaking. Prior to launch, banks and non-banks have to collaborate on the governance, rules and features of the system. They have to... 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