Representatives of European and North American payment networks will attend the inaugural meeting of the International Council of Payment Network Operators (ICPNO) in London on 22 September 2008. The ICPNO brings together payment networks from around the world addressing growing demand for a safer way to transact online. The ICPNO was established in 2008 to set common standards and rules for global interoperability of payment networks. Council membership is open to representatives from payment network operators around the globe or to organisations looking to establish networks in their country. The first meeting in September will be sponsored by VocaLink and chaired by Alex Grinberg of eWise Systems, NACHA’s partner for the Secure Vault Payments network in the US. Registrations for September’s meeting will close on 15 September 2008.
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.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.