Following reports earlier this month that the EAPS scheme was being considered as the basis of a new debit card system to be established by a group of Europe’s largest banks, members of the Euro Alliance of Payment Schemes (EAPS), are now to set up a not-for-profit company which will be based in Brussels. The company is expected to start operations mid 2007. In a statement the consortium partners say the alliance will be founded as a not-for-profit Brussels-based company that will promote “the interests of its members”. The alliance has so far developed a rule-set for processing transactions across national borders which been released for consultation. Specifications of which have been presented to the European Commission and the European Central Bank. EAPS participants have also begun pilot testing of cross border debit processing. Bilateral pilot schemes are currently being conducted between Germany and Italy, Spain and Portugal and Spain and Germany. Additional tests will follow by the end of the year.
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