Visa Payment Application Best Practices (PABP) has validated Postilion applications used by banks and credit unions. This validation – by Visa USA and Visa Europe – indicates that the Postilion solutions for ATM driving and merchant acquiring handle cardholder data in a secure manner. It follows the July 2006 validation of Postilion applications for retailers, when Postilion was the first payment switch to achieve PABP validation in Europe. Visa PABP defines application best practices that are considered to be the industry standard for the data security of payment applications. Visa designed this program to assist software vendors in developing secure payment applications that minimise security breaches and compromised card details. The standards are designed to help banks and credit unions comply with payment industry standards such as the Payment Card Industry Data Security Standard (PCI DSS). Visa Europe and Visa USA list applications that have received this validation on their web sites.
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.