Processing & Systems

25 Jan 16 @ 16:44

SWIFT says that 45 leading banks have signed up to its global payments innovation initiative, announced at the end of December 2015. The 45 participating firms include major transaction banks from... read more

21 Jan 16 @ 12:18

R3 CEV is set to trial its first Blockchain experiment using Ethereum and Microsoft Azure’s Blockchain as a Service, and involving 11 of its member banks. The R3-managed private peer-to-peer distributed ledger... read more

21 Jan 16 @ 11:54

Modular financial services, with digital distribution platforms, new product providers, alternative sources of capital and a growth in outsourcing fundamentally reshaping the industry. This is according to Modular Financial Services:... read more

20 Jan 16 @ 09:36

New FinTech innovators are challenging the traditional way that cross border payments have been done. But are businesses tapping into the new innovation – or staying with the status quo?... read more

18 Jan 16 @ 09:12

The Federal Reserve Bank of Atlanta has selected IBM to modernize its ACH processing platform. During ACH operations, the Federal Reserve serves as the central operator ensuring electronic payments (direct deposit,... read more

11 Jan 16 @ 13:17

A new study has found that UK banks charge small and medium sized enterprises (SMEs) nearly £4bn in hidden transfer fees each year to make international money transfer payments. 96% of... read more

11 Jan 16 @ 12:58

Research from Semafone has revealed that 60% of US and 52% of UK businesses believe a  to be quite likely or very likely. Semafone conducted the survey over the summer of... read more

22 Dec 15 @ 15:47

A new study by LexisNexis Risk Solutions and Association of Certified Anti-Money Laundering Specialists reveals that 37% of financial institutions have increased risk exposure to money laundering. The same source mentions that... read more

21 Dec 15 @ 14:00

Nearly two months ahead of the 1 February 20161 regulatory deadline which will require Eurozone Payment Service Providers (PSPs) to process SEPA payments using only the IBAN2 – rather than the BIC... read more

21 Dec 15 @ 13:41

Russia has launched its own domestic payment system, aiming to boost its financial independence and compete with international payment systems such as Visa and MasterCard. The launch of the Russian... read more

15 Dec 15 @ 12:10

In a recent note from the Payment Systems Regulator (PSR) on domestic interchange fee caps in the UK, issued on the 19 November 2015 the PSR said: we issued an information request about... read more

11 Dec 15 @ 11:13

US transactions processor Global Payments is rumoured to be in talks to buy smaller rival Heartland Payment Systems, according to people with knowledge of the matter. Shares in both companies... read more