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Bankers and corporates do not expect to meet a 2014 deadline for Sepa compliance, according to a straw poll of delegates conducted during a panel discussion of the controversial payment initiative at the annual congress of banking co-operative Swift. The session, entitled ‘Sepa – will the market finally move’, was convened to debate the European [...]

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Bulgaria’s national clearing house, and Equens SE recently signed a bilateral agreement for the exchange of SEPA Credit Transfer (SCT) payments. For Equens, one of the largest European card and payment processors, this 10th inter-CSM agreement underlines its continuous dedication to SEPA. The partnership is scheduled to go live before the end of this year. [...]

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PCI SSC published its first set of Point-to-Point Encryption (P2PE) solution requirements.  This document, eagerly awaited by many, focuses on solutions that use cryptographic hardware to secure sensitive data at the point of encryption and at the point of decryption. The latest PCI POI PTS standard introduced last year included for the first time a [...]

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The Royal Bank of Scotland (RBS) has announced the launch of the FI GlobalAccount product, which provides a platform to deliver cross-currency payments in 132 currencies for financial institutions and their clients, eliminating the need for multiple nostro currency accounts and their associated costs. FI GlobalAccount enables clients to make payments to 183 countries in local [...]

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Fundtech says that Australia and New Zealand Bank (ANZ)  has selected Global CASHplus as their new cash management solution and plan to deploy it in eleven countries throughout Asia-Pacific. The bank plans to integrate Global CASHplus with their current payments platform, Fundtech’s Global PAYplus. According to Nigel Dobson, Global Head of Payments & Cash Management [...]

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