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VocaLink acquisition targets EBPP market
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
The UK electronic bill and payment presentment (EBPP) market is “ripe for expansion”, Fred Bär, managing director euro services at payments processor VocaLink, said. VocaLink has bought out its joint venture partner Fiserv in..
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CPSS conducts standards review
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organisation of Securities Commissions (Iosco) have launched a comprehensive review of their existing standards for financial market..
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Integrating treasury services
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
Tight liquidity has led corporates to demand greater supply chain efficiency. Global banks have responded with automated cash and trade platforms, but many local banks, to their detriment lack the capacity to follow suit. Dominic Broom says a partnership with a specialist non-competing treasury services provider can help local banks to maintain their relevance to the working capital cycle
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EMV security protocol questioned
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
A group of Cambridge University scientists have discovered a flaw in the EMV smart card protocol, which they said enables criminals to use genuine cards to make a payment without knowing the personal identification number (PIN) related to the card...
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Deutsche Bank ups investment in remittance market
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
Deutsche Bank has strengthened its service offering in the remittance space by taking an 8 per cent equity stake in Eurogiro, a payments messaging company for postal organisations. “The investment in Eurogiro demonstrates our commitment to..
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Lessons from the credit crunch
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
Liquidity management has taken on greater significant since the financial crisis and credit crunch. International Payments asked some leading transaction banks for their views on the issue and their future plans
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Build it and they will come, perhaps
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
The transformation of the European payments landscape is now firmly into the next phase with the launch of the single euro payments area (Sepa) direct debit (SDD) programme on 2 November 2009. Colin Kerr looks at how banks and treasurers will take advantage of the new products
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Does Sepa matter?
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
A well-attended meeting of the Financial Services Club in London during late January posed the question: Does Sepa matter? The conclusion of the audience was that it does, but only just
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Springing into action
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
For some of us, this northern winter has been harsh and gloomy (others have had unprecedented warm winters, thus proving that climate change isn’t a myth dreamed up by scientists). But as we head into March and the promise of spring..
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Corporate treasurers’ response to the financial crisis
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
As their role changes within corporations, corporate treasurers are demanding more sophisticated solutions from their banking providers. Visibility and control are key themes
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An inclusive e-invoicing network model
Online Published Date : 25 February 2010 | Appeared in issue: 70 - 01 March 2010
A white paper from Innopay suggests an inclusive e-invoicing network model meeting a wide range of requirements is possible