Processing & Systems

26 Apr 16 @ 11:25

In February 2016 one of the largest cyber heists was committed and subsequently disclosed. An unknown attacker gained access to the Bangladesh Bank (BB) using SWIFT malware. The BB SWIFT... read more

25 Apr 16 @ 13:36

By 25th April 2016, goods and services worth more than €1 billion will have been paid for with MyBank SEPA Credit Transfer (SCT) since its launch. Amounts paid with MyBank... read more

22 Apr 16 @ 16:45

MasterCard is reported to have entered exclusive talks to buy Vocalink as it bids to capture a greater share of UK debit card payments from Visa. Sky News initially reported that the... read more

22 Apr 16 @ 16:00

Visa Inc, following feedback from the European Commission has been forced to change the terms of its acquisition of Visa Europe. Under a deal struck in November, Visa Inc was set to pay... read more

19 Apr 16 @ 16:13

Global Security Report – Cybercrime is big business. We hear it so often that the words threaten to lose their impact. But the details still have the capacity to shock.... read more

19 Apr 16 @ 15:21

The Reserve Bank of New Zealand (RBNZ) will replace its current Exchange Settlement Account System (ESAS) with an Real-Time Gross Settlement (RTGS) operating on a standalone IT infrastructure that incorporates substantial... read more

18 Apr 16 @ 16:30

Switzerland is set to launch a new interbank payment system, using the ISO 20022 payments architecture and messaging standard to provide new services to bank and corporate users. After 30 years... read more

18 Apr 16 @ 09:33

Russia is reported to have drawn up plans to launch an integrated e-commerce platform in response to President Putin’s call to connect Russian manufacturers with foreign buyers. Russia’s Ministry of... read more

15 Apr 16 @ 13:55

In 2015, the ACH transaction volume grew to more than 24 billion electronic payments, an increase of 1.3 billion payments or 5.6%, over 2014 volume, according to new statistics released... read more

11 Apr 16 @ 15:12

A project from National Payments Corporation of India (NPCI), The Unified Payments Interface (UPI), goes live today, April 11. UPI is expected to bring about a significant shift in the way... read more

31 Mar 16 @ 11:14

VocaLink has launched PayPort, an end-to-end service that offers banks and other financial institutions fast, efficient and secure access to Faster Payments without the cost of introducing a new technology infrastructure.... read more

21 Mar 16 @ 12:25

A newly discovered Russian hacker group known as Buhtrap has attacked 13 Russian banks since August 2015, using malware that infiltrates their gateway to the central bank, according to Moscow-based... read more