Processing & Systems

Showing Latest Processing & Systems

Worldpay shares jump after news of take over offer

04 Jul 17 @ 12:34

Shares in Worldpay hit new highs after the UK’s largest payments processor received separate preliminary takeover offers from JPMorgan and Vantiv of the US. Worldpay said it had “received preliminary... read more

equensWorldline supports European Central Bank Instant Settlement initiative

27 Jun 17 @ 09:44

Worldline has announces that its subsidiary, equensWorldline SE, welcomes TIPS – the Instant Settlement service that was recently announced by the European Central Bank. equensWorldline will connect its European and... read more

A single version of the truth: The transformative power of global card payment acceptance standards

26 Jun 17 @ 11:39

Recent payments conferences have highlighted some pressing issues which, when addressed, have the power to transform the world of card payment acceptance, both across Europe and globally. How can merchants’... read more

Virtual accounts: innovation to help banks exceed customer expectation

20 Jun 17 @ 11:29

Corporates are under increasing pressure to be more efficient and their expectations of their banks are changing as a result. Banks need to be innovative to meet client expectations. Virtual... read more

92% of FI’s surveyed ready to originate Same Day ACH debits

09 Jun 17 @ 12:28

NACHA—The Electronic Payments Association, the steward and rule maker of the ACH Network, has released results from a March-April 2017 qualitative survey of 24 financial institutions representing two-thirds of ACH... read more

The role of analytics in the new open banking age

06 Jun 17 @ 12:12

What is a bank? The definition is in flux. As the regulatory-driven Open Banking agenda powers innovation and accelerates the fragmentation of a heavily concentrated banking market, incumbent banks must... read more

First Data to acquire CardConnect for $750 million

31 May 17 @ 09:33

First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. First Data will pay $15.00 per share in cash for... read more

Canadian trial finds blockchain not ready for interbank payment system

30 May 17 @ 10:53

Just a week after the R3 group took a record funding round, the Bank of Canada has said distributed ledger technology, a new approach for processing transactions that is being... read more

Spending tops $20 trillion on global card networks in 2016 – Infographic

19 May 17 @ 12:21

Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to... read more

Euro Banking Association paper analyses cryptotechnologies in international payments

19 May 17 @ 11:22

The Euro Banking Association has issued a new information paper looking into potential benefits and use cases of cryptotechnologies in the context of international payments and more specifically correspondent banking practices.... read more

US merchants paid $88.39 billion in card fees in 2016

18 May 17 @ 10:24

Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Card fees, which include... read more

STS launches PayOp – a new Terminal Management Systems

17 May 17 @ 09:00

STS has launchesd PayOp, its next generation payments operational management system. PayOp will support traditional terminal management functions alongside new smart features such as analytics and operational insight. Critically, PayOp is... 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