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Payments Council Changed New Trade Association

Payments UK succeeds the Payments Council, which oversaw the successful roll out of mobile payments tool Paym, the Current Account Switch Service and Faster Payments. However a bungled attempt to abolish cheques prompted the government to move to rein in the self-governing body.

In its new role, Payments UK says it will work closely with the Payment Systems Regulator (PSR) in its remit to promote competition and innovation across the sector.

Sunday, June 28, 2015 - 20:00
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Fiserv Clients Recognized by Retail Banker International for Strategy and Innovation

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that four of its clients received recognition at the Retail Banker International Awards 2015  for initiatives executed in conjunction with FISERV. The successful banks and their winning categories include: Westpac Banking Corporation for IT Innovation of the Year, HSBC Mexico for Latin American Retail Bank of the Year and PNC Bank, N.A.for Product Innovation of the Year.

Sunday, June 28, 2015 - 20:00
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Deutsche Bourse To Buy SIX

Deutsche Boerse (DBAG) is in talks with Swiss Six Group to buy the remaining stakes in their joint ventures Stoxx and Indexium for 650 million Swiss francs ($692 million). The German exchange operator owns 50.1 percent of Stoxx AG and 49.9 percent of Indexium AG. 

Sunday, June 28, 2015 - 20:00
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SIX Payment Services To Launch New Platform

When banks outsource their Issuing Processing, they rely on the expertise of their technology partner in payments as well as technical performance.

SIX Payment Services has invested in one of the most modern platforms in Europe. Thirty four financial institutions with a total of 100 Million transactions per year already benefit from new generation processing services. The migration was a complete success thanks to first class project management. SIX was able to utilize its previous experiences from the card migration for the Austrian PayLife Bank, which is now part of SIX. 

Sunday, June 28, 2015 - 20:00
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Barclaycard expands range of ‘bPay’ wearable payment devices

Barclaycard is to roll out a range of wearable payment devices that can be used to make ‘touch and go’ contactless payments across the UK, following a successful launch of its bPay band last year. Following the successful launch of its bPay band last year, Barclaycard unveils three new wearable payment devices – a wristband, fob and sticker. 

Sunday, June 28, 2015 - 20:00
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Western Union To Suspend Its Money Transfer Operations In Greece

Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals.

Sunday, June 28, 2015 - 20:00
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China Construction Bank and Euroclear sign MoU to foster offshore RMB growth

Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) have today signed a Memorandum of Understanding (MoU) to further develop the offshore Renminbi (RMB) capital market. 

CCB Chairman Wang Hongzhang, Euroclear group Chairman Marc Antoine Autheman, and Euroclear Chief Technology and Services Officer Lieve Mostrey attended the signing ceremony, joined by the Prime Minister of the  People’s Republic of China, Li Keqiang, and the Belgian Prime Minister, Charles Michel. 

Sunday, June 28, 2015 - 20:00
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French Fintech Startups Bended Together

Thirty six fintech startups in France have banded together in a bid to foster a national ecosystem for innovation in financial services.

The creation of of the France Fintech group has been welcomed by Government ministers who are concerned that the country is getting left behind by more organised structures for the promotion of startup innovation by other centres such as London and new York.

Sunday, June 28, 2015 - 20:00
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Reval Survey Shows Corporate Treasuries Pushing Centralization to its Limits

 Although 73 percent of respondents to a recent Reval survey of more than 200 finance professionals report that they have already centralized control in payments management, 70 percent indicate they will centralize further in 2015.

Sunday, June 28, 2015 - 20:00
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Reval
Newest UK Bank Atom Chooses Global Tech Giant FIS To Offer Digital Banking

Atom, the designed for digital challenger to the UK banking market, is partnering with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, to serve banking customers on the go.

Thursday, June 25, 2015 - 20:00
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