Voca, and LINK Interchange Network, the real time payments processor that powers the UK’s ATM network, have jointly been selected by APACS to supply the central infrastructure for faster payments in the UK. APACS set up an implementation group which has been developing the specification for faster payments in response to the Office of Fair Trading Payments Systems Task Force. According to the companies the new service will increase the speed of credit transfer from one account to another – providing a platform capable of delivering payment processing in near ‘real-time’, vastly reducing traditional clearing cycles of days. The new service will be delivered in 2007.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.