Processing & Systems

Showing Latest Processing & Systems

SEPA Instant Credit Transfer scheme goes live

21 Nov 17 @ 09:00

The Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council (EPC) is operational. As of today, nearly 600 payment service providers (PSPs)... read more

Card issuers upgrade from Maestro and Electron to Mastercard and Visa

10 Nov 17 @ 11:33

According to a new study, Global Payment Cards Data and Forecasts to 2022, card issuers in Europe are continuing to change the scheme of the cards they issue – particularly... read more

Reimagining global banking services in the connected digital marketplace

09 Nov 17 @ 16:06

Regulation, compliance and legacy systems have, for so long, been the stumbling blocks for financial institutions to capitalise on the new digital age where there are few barriers to international... read more

CORVID PayGate technology gains accreditation to deliver Faster Payments

08 Nov 17 @ 09:22

Ultra Electronics’ CORVID PayGate platform has been accredited by the Faster Payments Scheme Limited (FPSL) as technically compatible with the Faster Payments Central Infrastructure (FPS CI). This assures CORVID’s ability... read more

Real time payments: Towards speed and transparency

01 Nov 17 @ 09:18

While payments might seem ‘instant’ to those engaged in the transaction, the reality is, apart from cash, they are generally not. Real time clearing is what happens when you hand... read more

JP Morgan launch interbank payments platform on Quorum blockchain

17 Oct 17 @ 15:41

JPMorgan Chase is set to launch a new interbank payments platform powered by the Quorum Enterprise-ready distributed ledger and smart contract blockchain platform. With the participation of two other banks... read more

National payment systems in the open era

16 Oct 17 @ 11:13

The basic movement of money from A to B is changing. It’s becoming faster, embedded and more open ecosystem driven. Whereas payments used to be cleared and settled in days,... read more

Before and after instant payments

10 Oct 17 @ 12:34

How often have you got to the end of a project and wished you’d known something at the start? This is no bad thing because learning from one’s mistakes is... read more

Banks from nine countries to join EBA CLEARING’s instant payment system RT1

09 Oct 17 @ 12:13

EBA CLEARING says that banks from nine countries are preparing to join RT1, the Company’s pan-European infrastructure solution for instant payments in euro, on its go-live date in November 2017.... read more

The opportunities and challenges of payments processing in China

02 Oct 17 @ 12:50

China, boasted over $811.96 billion in e-commerce sales in 2016, 122 million outbound travellers, and a record number of students studying abroad. This has created a booming opportunity for global marketplaces, marketplace sellers, e-commerce... read more

Worldline completes acquisition of First Data Baltics

28 Sep 17 @ 09:04

Worldline announced the completion of the agreement with First Data Corporation announced on July 25th, 2017, for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries... read more

Japan rumoured to launch its own national digital currency J COIN

27 Sep 17 @ 11:11

According to multiple press reports, Japan is planning to launch its own national digital currency, J COIN, in time for the 2020 Tokyo Olympic games. The announcement comes against the backdrop... 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