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International Payments

Background

Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make…

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Payments - Disbursements

What security threats will we face under PSD2?

by Bija Knowles

A look at three key security threats that could pose a risk when European banks begin to allow access to accounts from third party providers under PSD2

Payments - Receipts at POS

How will fintech influence the future of payments?

by Bija Knowles

How will card networks react to the rise of large techs in online payments? How will traditional FX solutions compete with fintechs? Will PSD2 drive innovation and will customers adapt?

Fraud Prevention

EBA consults on fraud reporting requirements under PSD2

by Bija Knowles

To address the problem of obtaining reliable, comparable data on payment fraud, the EBA is seeking to establish guidelines on reporting requirements for payment fraud statistics

Cash & Liquidity Management

UK central bank opens up RTGS access to non-banks

by Kylene Casanova

The Bank of England allows RTGS access for non-banks, ushering in a wider range of payment services, plus increased competition and innovation in the provision of payments services

Connectivity

Corporates write open letter backing SWIFT GPI

by Kylene Casanova

Six global corporates have written an open letter stating their support for SWIFT's global payments innovation (GPI) initiative and asking more banks to use GPI to improve cross-border payments

Payments - Disbursements

EU prepares for SEPA Instant Credit Transfer

by Kylene Casanova

With five countries expected to adhere to the Instant Credit Transfer scheme, as well as 600 payment service providers, SCT Inst is expected to take off dramatically in the coming years

Payments - Disbursements

Payments industry must resolve differences over PSD2

by Kylene Casanova

Innovation and security are the driving forces behind PSD2 but disagreement between fintechs and banks must be resolved. BNP Paribas's Alain Bénédetti discusses these issues with the European Payments Council