The payment service provider InterCard has switched from CoCoNet’s e-banking solutions to the Multiversa platform, which includes Multiversa International Finance Portal (IFP) and Multiversa International Banking Server (IBS).
CoCoNet offers the card-based payment transactions company a mature platform for transmitting payments resulting from credit card transactions to banks as direct debits via an automated mass data exchange.
With multi-bank capability, the Multiversa IFP facilitates actively sending payments to different banks; while the Multiversa IBS receives central bank payments.
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.