Processing & Systems

02 Feb 15 @ 10:48

Since January, consumers in China are able to receive remittances through the Western Union Money Transfer service from abroad in minutes at select Bank of China branches and sub-branches throughout the country. Western... read more

30 Jan 15 @ 10:59

“Everything changes but change itself. You cannot step twice into the same river, for other waters and yet others go flowing ever on,” observed Heraclitus of Ephesus (circa 535 –... read more

29 Jan 15 @ 12:45

North American IT spending growth is rising steadily and is expected to be 4.5% higher in 2015. Growth will drop slightly in 2016 as IT spending by North American banks... read more

27 Jan 15 @ 11:24

CHAPS, the UK’s same day high-value payment system operator, has reduced CHAPS participation fees by 50% for existing and prospective low-volume Direct Participants. This restructuring of its funding model honours... read more

23 Jan 15 @ 10:34

With only nine months until the EMV migration deadline, retail and technology professionals are still unprepared, according to a recent survey by ACI Worldwide. The survey of 200 retail industry... read more

22 Jan 15 @ 14:16

Following the release of the final compromise text for the proposed Regulation on interchange fees for card-based payment transactions (the MIF Regulation) on 19 January 2015, European countries have finally... read more

21 Jan 15 @ 10:00

The Supreme Court handed US banks a victory as it declined to consider a challenge by a group of retailers to Federal Reserve regulations setting fees for processing debit-card transactions,... read more

21 Jan 15 @ 09:50

During 2014 we saw several occasions of significant political figures from the UK having a bitcoin friendly stance – is this all set to change in 2015. UK Shadow Minister Chi Onwurah and Chancellor of... read more

15 Jan 15 @ 11:37

The UK’s Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit says UK records were broken in 2014, reaching new highs in levels of transactions, demonstrating automated payments remain... read more

14 Jan 15 @ 12:16

The price of Bitcoin dropped again this week, sliding to its lowest level since early 2013, suggesting that confidence in the contentious cryptocurrency may be shrinking, dropping as low as... read more

13 Jan 15 @ 12:51

The Reserve Bank of New Zealand (RBNZ) is seeking Registrations of Interest (ROI) from potential vendors for the procurement of a Real-Time Gross Settlement System and a Security Settlement System... read more

13 Jan 15 @ 09:36

MasterCard says it has reached an agreement with Russian authorities to process its payments in Russia, the Russian central bank announced on Monday. MasterCard and Russia’s national payment system agreed on December... read more