The Anglia Society, the sixth largest co-operative society in the UK, is set to dramatically reduce the time it takes to authorise credit card transactions with an IP-based solution from communications and processing specialist, Transaction Network Services (UK) (TNS). The solution delivered by TNS provides the Anglia Society with the fastest way to securely authorise credit card transactions with the acquiring banks. Payment data from the 400 till points across Anglia’s 75 stores will be securely transported over TNS’s private network, providing a high-speed digital connection for card authorisation. Chip and PIN has been the major driver for Anglia’s change of till system. Authorising Chip and PIN payments requires a larger amount of data to be transmitted than for traditional magstripe payments. Recognising the increase in performance IP technology provides, Anglia has integrated this into its new till system, greatly reducing communication costs.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more