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Daily news, E-Money, EBA CLEARING’s EURO1, European Payments, European payments architecture, Eurosystem’s TARGET, Processing & Systems, Products, Real-Time Gross Settlement, Real-Time Payments, RTGS, target, TARGET2 -

SWIFT has published a new paper on the evolution of the European payments landscape and the preparations that need to be made by the region’s financial institutions. The paper, Brave... more

The post Are Financial Institutions prepared for new European payments architecture? appeared first on Payments Cards & Mobile.

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ACH, Automatic Clearing House, Daily News, Issuing & Acquiring, Processing & Systems, Real-Time Gross Settlement, Remittance, target -

The Eurosystem operates two systems that form the backbone of the financial market infrastructure in Europe – TARGET (the real-time gross settlement (RTGS) system for the euro) and TARGET2-Securities, or T2S (the single securities settlement platform). TARGET, launched 17 years ago, enables payment transactions to be settled immediately in central bank money and supports the [...]

The post What will real-time gross settlement services be like in the future? appeared first on Payments Cards & Mobile.

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Cyber Security, Daily News, Fraud & Security, target, target breach, Target data breach, target hack -

In the immediate aftermath of the Target 2013 breach, Verizon consultants probed its network for weaknesses and came back with results that point to one overriding – lesson: be sure to implement basic security best practices. In a recent KrebsOnSecurity post, Brian Krebs details Verizon’s findings as set down in a Target corporate report.The findings demonstrate [...]

The post Target: Basic security failures to blame for breach appeared first on Payments Cards & Mobile.

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Cyber Security, Daily News, Fraud & Security, Mastercard settlement, Payments News, target, target breach, target hack, visa settlement -

Target’s recent settlement with Visa to reimburse card issuers up to a reported $67 million for expenses related to the retailer’s 2013 data breach may pave the way for a similar revised settlement with MasterCard. And it could eventually derail banks’ pending lawsuit against retail giant. In May, banks and credit unions rejected MasterCard’s proposed $19 [...]

The post Target breach: MasterCard eyes fresh settlement appeared first on Payments Cards & Mobile.

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