Majority of banks are investing in new payments technology - ACI-Ovum research
April 29, 2015 - The overwhelming majority of banks, retailers and billing organisations worldwide are currently investing or planning to invest within the next two years into new payment technologies and infrastructure, a global survey by payments provider ACI and Ovum has revealed.
SWIFT paper explores the changing landscape of real-time payments
April 23, 2015 - A new research paper by SWIFT assesses the global real-time retail payments systems (RT-RPS) landscape, provides analysis on the key drivers and trends, and identifies the different approaches, barriers to entry and critical success factors. The paper, entitled 'The Global Adoption of Real-Time Retail Payments Systems' highlights two key interlinked themes; the variety of different adoption speeds and the relationship with core drivers which are leading to the adoption of such systems:
Swift promises STP Holy Grail with SwiftRef APIs
April 21, 2015 - Financial messaging network Swift has introduced an automated data look-up service that identifies and validates payments reference data in real-time, reducing the time spent by bank back offices in correcting errors resulting from manual repairs and investigations.
MasterCard and IFC tackle financial exclusion
April 17, 2015 - IFC, a member of the World Bank Group, and MasterCard today signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, a crucial next step in their ongoing collaboration to increase universal financial access by 2020.
ACH volume increases to 23 billion payments in 2014
April 17, 2015 - In 2014, ACH volume grew to almost 23 billion electronic payments[1], an increase of almost 5 percent, or 1 billion transactions, over 2013 volume, according to new statistics released today by NACHA — The Electronic Payments Association®.
PCI Security Standards Council revises PCI DSS
April 16, 2015 - Today, the PCI Security Standards Council (PCI SSC) published PCI Data Security Standard (PCI DSS) Version 3.1 and supporting guidance.
British businesses battling epidemic of CNP fraud
April 15, 2015 - British businesses were hit by card fraud once every 20 seconds in March, with small businesses being the most popular targets.
PCI DSS 3.1 update to cover SSL vulnerabilities
April 2, 2015 -The Payment Card Industry (PCI) Security Standards Council (SSC) has confirmed that its latest data security standard (DSS) 3.1 update, due mid-month, will mandate businesses move away from Secure Sockets Layer (SSL) web encryption because it's no longer considered strong enough.
