Processing & Systems

02 Jul 15 @ 18:09

The financial services industry must set aside competition and collaborate on biometrics to ensure consistent, easy and convenient services for end users. These are the findings of a survey published... read more

02 Jul 15 @ 18:00

Having trialled the Facebook Messenger payment service, Facebook announced that the payment feature is now available for Facebook Messenger users in the US. Now you can make person-to-person payments by adding your... read more

01 Jul 15 @ 15:56

Chinese fans of fried chicken will soon have a new way to pay for their food fix after Alibaba’s payments unit Alipay hooked up with KFC, as the country’s ecommerce... read more

30 Jun 15 @ 10:28

In as little as a decade we will look back at the fractured banking and payments sector with utter astonishment at just how long traditional banking services weren’t challenged –... read more

30 Jun 15 @ 10:24

With more Americans using credit, debit and prepaid goods to pay for goods and services, the merchant card processing fees to process those cards continues to rise. General purpose and private... read more

25 Jun 15 @ 10:21

Six ACH members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions. For this purpose they have set... read more

23 Jun 15 @ 16:32

Barclays has entered a Proof-of-Concept (PoC) trial with bitcoin exchange Safello, in an attempt to see if blockchain technology can improve its performance financial services sector. In an interview with CoinDesk, Safello... read more

19 Jun 15 @ 15:01

Royal Bank of Scotland (RBS) is pledging to invest another £150 million a year to improve the strength of its IT systems, following the latest breakdown which saw 600,000 transactions... read more

17 Jun 15 @ 16:30

About 600,000 payments that failed to enter the accounts of RBS customers overnight may not be completed until the end of the week, the bank has said. Payments of wages,... read more

17 Jun 15 @ 16:07

MasterCard says it will offer tokenization services to merchants with apps, e-commerce, and recurring billing card-on-file programs, further protecting consumers and increasing convenience when storing cards in merchant databases. By expanding... read more

16 Jun 15 @ 09:11

Nordea has signed an agreement to divest its merchant acquiring business Nordea Merchant Acquiring (NMA) to Nets Holding (Nets). The sale of the NMA business and the establishment of a partnership... read more

15 Jun 15 @ 16:14

ClearXchange, the US bank-owned digital payments network, is rolling out a system that enables real-time bank-to-bank transfers. ClearXchange acts as a clearing house for person-to-person online payments transfer, enabling customers to send... read more