Articles with tag like: settlement

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EBA Clearing augments its STEP2 SEPA transactions processing

News | Online Payments | 18 Jan 2022

France-based EBA Clearing has announced it will augment its payment system to process SEPA transactions around the clock and provide settlement results to participating banks in minutes.

EBA clearing, SEPA, payments infrastructure, product upgrade, settlement, payment processing

Baton Systems powers first interbank riskless settlement outside CLS

News | Payments General | 13 Dec 2021

HSBC and Wells Fargo have completed the first interbank Payment vs Payment (PvP) settlement outside of CLS using Baton Systems’ Core-FX solution.

product launch, settlement, DLT, financial institutions

Blockchain can reduce costs in cross-border settlement, report shows

News | Cryptocurrencies | 08 Nov 2021

A new report from Juniper Research has found that deployment of blockchain for cross-border settlement will drive increasingly significant cost savings for banks.

blockchain, cross-border payments, settlement, Juniper Research, banks

FSS partners BancNet for automate billing and settlement

News | E-invoicing, SCF & E-procurement | 25 Oct 2021

India-based FSS, a global provider of integrated payment products has partnered with BancNet, the Philippines ATM switch operator.

partnership, settlement, ATM, risk management

VTB launches digital business ecosystem

News | Online & Mobile Banking | 22 Oct 2021

Russia-based VTB has launched an ecosystem of digital products and online services for doing business with foreign partners on a turnkey basis.

digital banking, online banking, settlement, cross-border payments

Plaid agrees to pay USD 58 mln sanction

News | Payments General | 09 Aug 2021

Plaid has agreed to pay USD 58 million to resolve consumers' claims that the financial technology company obtained and used bank account credentials and financial information without consent.

Plaid , settlement, fintech, personal finance management

KAL, EVO Payments to deliver new ATM service in Europe

News | Online Payments | 07 Jul 2021

UK-based independent ATM software company KAL has teamed with payments technology company EVO Payments to develop an ATM service which is now available across Europe.

partnership, online payments, ATM, settlement, payments infrastructure

SnapSwap selects Banking Circle to boost its payment processing

News | Payments General | 22 Jun 2021

SnapSwap, a provider of digital transformation solutions for financial services & businesses, has selected Banking Circle to deliver payments for its customers.

partnership, Banking Circle, reconciliation, settlement, payment processing

Bank of England publishes new Omnibus Accounts Access Policy

News | Payments General | 07 Jun 2021

The Bank of England has updated its website with a new Omnibus Accounts Access Policy.

Bank of England, central bank, settlement, real-time payments, payment processing

Bank of Korea to test CBDC functionality

News | Payments General | 24 May 2021

South Korea’s central bank has announced plans to conduct a mock test on the functionality of a central bank digital currency (CBDC), according to Yahoo Finance.

CBDC, central bank, remittance, settlement, payment processing

Börger completes blockchain-enabled trade finance pilot on Marco Polo

News | Payments General | 18 May 2021

Global industrial product manufacturer, Börger, has recently completed their first blockchain-enabled trade finance pilot on Marco Polo, a distributed ledger technology (DLT) powered platform.

trade finance, blockchain, DLT, settlement, reconciliation

Bank of America settles for USD 75 mln over excessive fees

News | Payments General | 17 May 2021

Bank of America has agreed to pay USD 75 million to settle a lawsuit accusing the bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, Reuters says.

Bank of America, settlement, bank account

The Central Bank of Bahrain selects JP Morgan for digital currency settlement trial

News | Payments General | 17 May 2021

The Central Bank of Bahrain has selected JP Morgan for a digital currency pilot, that aims to address the current limitations in cross-border payments.

JP Morgan, central bank, digital currency, settlement, blockchain, partnership

Tokenised blockchain banking solution provider Adhara gets USD 7.5 mln

News | Cryptocurrencies | 10 May 2021

Adhara has raised a USD 7.5 million Series A round led by Germany’s Yabeo and the UK’s Force Over Mass Capital (FOM).

blockchain, funding, tokenization, CBDC, banks, settlement

Omnio selects AutoRek for reconciliation solutions

News | E-invoicing, SCF & E-procurement | 30 Apr 2021

Omnio has selected Scottish fintech company, AutoRek, a software provider to global financial services firms, for reconciliation solutions.

partnership, fintech, reconciliation, settlement, digital banking, financial services

Broadridge Financial, AccessFintech to assist with settlement failures

News | Payments General | 24 Mar 2021

Broadridge Financial Solutions has partnered with AccessFintech to deliver a strategic gateway for settlement workflow that should resolve multi-party settlement fails. 

partnership, data, cloud, regulation, product launch, settlement, payment processing

New SWIFT joint venture to set up localised data warehouse for China's central bank

News | Payments General | 24 Mar 2021

China's central bank has announced that the newly established joint venture with the Belgium-based SWIFT financial messaging service will set up a localised data warehouse.

SWIFT, Swift messages, cross-border payments, payments infrastructure, settlement, banks

Ripple, MoneyGram to end their agreement

News | Cryptocurrencies | 09 Mar 2021

Ripple Labs and MoneyGram have decided to wind down their partnership agreement, according to CoinDesk.

XRP, Ripple, settlement, Token

HIPS, Banking Circle to offer on-the-spot currency conversion

News | Online & Mobile Banking | 02 Feb 2021

Ireland-based HIPS and licensed bank Banking Circle have announced their partnership, which enables Hips to offer settlement with domestic payment rails.

HIPS, Banking Circle, partnership, currency conversion, settlement, Payment Rails, financial infrastructure, banks, payouts

HK, Singapore to help BIS advance CBDC development

News | Cryptocurrencies | 25 Jan 2021

The Bank for International Settlements (BIS) has announced that CBDC research will be a top priority in the coming year for its Innovation Hub.

CBDC, BIC, Central banks, stablecoins, tokenisation, DLT, settlement, payments, retail CBDC