Industry Trends

06 August, 2008

The National Australia Bank's decision unveiled today to overhaul its core banking systems was fraught with risk but necessary for a sector now seen as lagging technologically, according to local IT analysts. Read more

28 July, 2008

Merchants of all sizes have been agitating in one way or another for lower interchange rates, particularly in the US, Canada, the EU, and Australia. Read more

19 March, 2008

UK Faster Payments, currently in test mode, is gaining interest from the rest of Europe and beyond... Read more

08 March, 2008

Apacs, the UK's payment association, has said the banking industry will introduce a new faster payments clearing service on 27 May 2008... Read more

03 March, 2008

UK payments association APACS says the British banking industry is on track to provide near-real-time phone and Internet payments on May 27, 2008... Read more

10 January, 2008

VocaLink, the payment services provider and international Clearing and Settlement Mechanism (CSM), will transmit more than two billion transactions over SWIFTNet in 2008. VocaLink is now one of SWIFT’s biggest transaction customers... Read more

17 December, 2007

There are major technology challenges on the horizon as institutions have to come to some sort of decision about their legacy systems... Read more

03 December, 2007

Seated alphabetically in a huge square, delegates at last week’s Reserve Bank of Australia/Melbourne Business School payments conference appeared to be participating in some grand peace plan... Read more

03 December, 2007

National Australia Bank will replace its 1600-strong ATM network by next September, transforming the machines from cash outlets to full service channels with the potential to sell insurance, trade shares and respond to customer enquiries... Read more

19 November, 2007

As the business world increasingly operates in real time, consumers expect the same kind of fast, convenient services from their financial institutions that they receive from retailers. In the U.K., the response to this demand is the Faster Payments initiative... Read more