Articles with tag like: TARGET2

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Consolidation in payments – upsides, downsides, challenges

Voice of the Industry | Online Payments | 09 Dec 2020

Marco Fava, Managing Director at CleverAdvice, makes a nuanced and detailed account of two of the most notable M&A stories of 2020 in the payments industry: Nexi-SIA and Worldline-Ingenico

Marco Fava, CleverAdvice, Nexi, SIA, Nets, Worldline, Ingenico, payments, online payments, mergers and acquisitions, merger, acquisition, Nexi Payments, Europe, Italy, France, Nordics, payments service provider, PSP, ATM management solutions, European Automated Clearing House Association, TARGET2, RTGS, Nexi SIA, Worldline Ingenico

ECB to conduct independent review of payments system outage

News | Payments General | 18 Nov 2020

The European Central Bank (ECB) will launch an independent review of an incident that affected its real-time gross settlement system TARGET2 on 23 October 2020.

European Central Bank, ECB, real-time gross settlement system, TARGET2, payments, Eurosystem, banks, Central banks

European Central Bank's glitch reduced bank deposits by EUR 400 bln

News | Payments General | 02 Nov 2020

A glitch in the European Central Bank’s system for settling large-value payments by commercial and central banks has resulted in a drop in deposits worth more than EUR 400 billion.

European Central Bank, ECB, banking, TARGET2, glitch

Four European banking bodies request a delay of T2-T2S consolidation project

News | E-invoicing, SCF & E-procurement | 20 May 2020

Four European banking bodies have written to the European Central Bank (ECB) requesting a one-year delay for the consolidation project of TARGET2 (T2) and TARGET2 Securities (T2S).

EU Banking Bodies, banking, EU, T2, T2S, consolidation project, European Central Bank, ECB, TARGET2, TARGET2 Securities, payments, COVID-19, coronavirus, banks, SWIFT, cross-border payments, ISO 20022, data