Processing & Systems

10 Apr 14 @ 09:21

In 2013, ACH volume grew to almost 22 billion electronic payments[1], an increase of 4% over 2012 volume, according to new statistics released by NACHA — The Electronic Payments Association.... read more

02 Apr 14 @ 11:27

ISO20022 is becoming the de facto standard for financial services messaging. This is undoubtedly a good thing – increasing globalisation is driving cross-border payments volumes so any harmonisation is welcome.... read more

25 Mar 14 @ 12:50

Worldline, Atos subsidiary for e-payment services, have announced a premium strategic partnership with PAY.ON to enlarge Worldline’s international card acceptance coverage for e-payment. With the partnership, Worldline strengthens its worldwide positioning... read more

13 Jan 14 @ 13:18

2013 saw Bacs Payment Schemes Limited, the company behind Direct Debit in the UK, process its 100 billionth transaction in the summer – that’s almost as many payments passing through... read more

10 Jan 14 @ 12:28

At a recent parliamentary inquiry, a senior Bank of England official said the UK banking sector is still a “long way away” from addressing deficiencies in its “antiquated” bank IT systems.... read more

20 Dec 13 @ 10:46

MasterCard, eServGlobal and BICS have announced the formation of HomeSend remittance, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash... read more

11 Dec 13 @ 16:46

A new white paper has been announced titled “EMV is Not Enough: Considerations for Implementing 3D Secure.” The paper considers the impending US EMV migration to Europay, MasterCard and Visa... read more

07 Nov 13 @ 16:13

First Data Merchant Solutions, First Data’s direct-to-market payment acceptance business, today announced that it has become a UK Payment Institution after successfully achieving independent membership of the UK Financial Conduct... read more

20 Sep 13 @ 10:26

High-tech acquirer for e-commerce and m-commerce merchants and PSPs, Credorax and ReD, a provider of fraud prevention services, have formed a strategic alliance offering integrated acquiring, payment processing and fraud... read more

11 Sep 13 @ 11:54

The Tribunal de Bobigny has awarded BancTec, a global leader in document management solutions and outsourcing services, the payment contracts and associated assets of Safig, a leading French document processing... read more

03 Sep 13 @ 12:00

Kalixa Group has been selected by Invapay, a procurement and electronic payment solution provider, as its global acquiring partner. Invapay will use Kalixa Accept’s acquiring and payment gateway services to... read more

02 Aug 13 @ 20:57

Large North American financial institutions will spend $73.8 billion on IT improvements across software, hardware and professional services in 2014 as firms transition investments from “run the bank” to “change... read more