Processing & Systems

13 Aug 15 @ 16:57

Commonwealth Bank of Australia (CBA) has apologised to its customers following a system error that saw customers being double-charged for debit, credit and mobile payments over a six-day period. The... read more

11 Aug 15 @ 16:45

Cross-border payment transaction processor Earthport has forged an agreement to enable cross-border services for Japan Post Bank, one of Japan’s largest retail banks. The partnership will enable the bank to... read more

11 Aug 15 @ 16:42

Global payment processor Optimal Payments has completed its acquisition of e-commerce and e-money solution provider Skrill Group for €1.1 billion. The acquisition will create a payment and e-wallet provider with... read more

10 Aug 15 @ 16:31

A global scheme aimed at establishing a set of harmonised standards for cross-border real-time payments has published a first draft of ISO 20022 messages for review. The ISO Real-Time Payments... read more

07 Aug 15 @ 16:38

Italian payment service provider SIA and JCB International, a major global payment brand operating in 190 countries around the world, have signed a five-year agreement for the processing of payment... read more

06 Aug 15 @ 16:36

Germany’s Baden-Württembergische Bank (BW-Bank) has extended its contract with global payment processor Worldline for a further seven-year term. The bank came to its decision based on the longstanding collaboration between... read more

05 Aug 15 @ 16:54

Visa is preparing for the launch of a new mobile payment service for the Indian market. As part of the plans, Visa is establishing a technology centre in the Bangalore... read more

03 Aug 15 @ 14:34

Over 103 million payments were processed in just one day at the end of July by BACS, the UK payment processing organisation. BACS has already achieved a number of transaction... read more

31 Jul 15 @ 16:09

UK bank NatWest, part of the RBS group, has suffered another online banking crash which has affected thousands of users. The latest IT failure comes only six weeks after the... read more

30 Jul 15 @ 11:36

As the world mourns the loss of a former king of the handset manufacturing world and Microsoft licks its wounds in writing down about $7.6 billion on the Nokia division,... read more

29 Jul 15 @ 11:06

Over the past several years, instant payments have become an increasingly important part of the payments landscape. The Euro Retail Payments Board (ERPB), European Central Bank (ECB), European Payments Council... read more

27 Jul 15 @ 15:38

Erste Group Bank AG (Erste Group) has entered into an agreement with Global Payments to establish a joint venture providing merchant acquiring and payment processing services (merchant payment services) to... read more