CB.Net has been selected to be the official registry provider for the Euro Banking Association’s (EBA) Priority Payments Scheme (PPS). The PPS Central Repository will be the official registry of banks that have committed to the PPS Business Rules, which aim to enable payments to be credited to client accounts within four hours. CB.Net has developed a centralised repository for the EBA Priority Payment Scheme. The scheme has been developed to offer urgent intra-day, single credit transfers for corporate and retail customers. The enhanced payment transfer service guarantees end-to-end processing of single credit transfers within four hours, instead of the standard three-day transaction period for European cross border payments. The PPS Central Repository provided by CB.Net is designed to enable originating banks to confirm which recipient banks are registered and participating in the Priority Payments Scheme. This scheme, developed with 26 pilot banks from 12 European countries, will be tested during the next six months to ensure its processes run smoothly. The scheme will be officially launched on 1 January 2008. Participation in the scheme is open to any bank operating in the single euro payments area (SEPA).
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