The Federal Reserve Banks and The Clearing House develop local market practices to facilitate end-to-end payments tracking for their participants.
This article examines the top four payments challenges experienced by treasury teams - and outlines how each of them can be overcome using technology.
A guide to understanding the fast-approaching - and long-awaited - network set to transform the US payments system.
More than three in four UK payment firms authorised in the past eight years have passported their services across Europe, according to data secured from the regulator.
Trade finance fraud has claimed some high-profile victims, including major Chinese banks. However, the elimination of paper-based documentation should reduce the ability of the scammers to strike.
The new US president’s announcement that he will follow through with his campaign promise will impact both the currency and the money transfer market.
The testing phase comes ahead of November’s scheduled go-live of the pan-European instant payment infrastructure platform.
The European Union’s revised Payment Services Directive (PSD2) will be a game changer for the financial services industry when it takes effect in 12 months’ time. How should each party that will feel the impact of PSD2 be responding?
Various factors are forcing banks to decide whether or not they will continue to operate in the cross-border payments space. This article examines the pressures that are putting a strain on the current model.
If they have not already begun their preparations for the introduction of the Payment Services Directive, European banks will need to make it a priority task this year.