Aconite has been selected by a newly established commercial bank headquartered in Doha, Qatar, to implement their EMV Script Processor (ESP) solution. As a new operation, the bank needed to quickly establish a card payments infrastructure and were looking for an integrated system for credit and debit chip card issuing and transaction processing. As a result of the implementation, the bank hopes to benefit from increased control of credit and debit card-related risk. ESP enables the generation and delivery of updates or ‘scripts’ to an EMV card base. Operating alongside risk, fraud and card management systems, scripts are automatically delivered at the point-of-sale and other service points by responding to cardholder behaviour and other risk parameters held on the card. The company claims that this reduces risk, and also allows the bank to maximise their credit lines and increase the profitability of their card business.
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