According to the banking consultancy Lafferty Group, a group of banks including, Société Générale, Deutsche Bank, Dresdner Bank, Commerzbank, Unicredito, ABN Amro, ING and Rabobank are holding discussions to establish a pan-European debit card scheme that would challenge those operated by MasterCard and Visa. The group is believed to be unhappy with the possible emergence of MasterCard’s Maestro as the dominant provider of debit card network services in Europe, particularly following the introduction of the single euro payments area (Sepa) in 2008. The European Commission (EC) and the European Central Bank (ECB) are concerned that competition in the market would be undermined by the emergence of Maestro as the dominant player, particularly as Visa’s rival debit system, V Pay, has yet to gain support from European banks. Lafferty said there is contrasting information on the progress the European banks have made so far.
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