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EBAday

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European payments industry to converge on Rome for EBAday2007

European payments industry to converge on Rome for EBAday2007

Finextra Research and the Euro Banking Association will this year hold their annual European payments forum - EBAday 2007 - over two days in Rome in June, with the support of lead sponsors Deutsche Bank, JPMorgan Chase, Banca Intesa Sanpaulo, LogicaCMG and Sap/Accenture.

05 April 2007

Atos Origin wins Equens outsourcing contracts

Atos Origin wins Equens outsourcing contracts

European payment processor Equens – created from a merger of the Dutch Interpay and Germany’s Transaktionsinstitut - has outsourced its mainframe operations and office workstation automation in the Netherlands to Atos Origin.

30 March 2007

EU ministers agree on payment services directive framework

EU ministers agree on payment services directive framework

European Union finance ministers have agreed on the final terms of the payment services directive (PSD), which will set a new legal framework aimed at cutting costs for cross-border cash transations in the European Union.

27 March 2007

European cardholders unmoved by Sepa - Mastercard

European cardholders unmoved by Sepa - Mastercard

Over three quarters (80%) of debit cardholders in Europe want to be able to use their debit cards uniformly across the euro zone, but fewer than one in ten are aware that the introduction of the single euro payments area (Sepa) in 2008 will allow them to do so, according to research commissioned by MasterCard.

22 March 2007

Denmark's PBS outsources IT to IBM

Denmark's PBS outsources IT to IBM

Danish payments body Payment Business Services (PBS) has signed a seven year deal to outsource the operation and management of its IT infrastructure to IBM. Financial terms of the agreement were not disclosed.

09 March 2007

EU meddling in interchange threatens to derail Sepa project warns MasterCard

EU meddling in interchange threatens to derail Sepa project warns MasterCard

MasterCard has warned the European Commission that further interference in the setting of interchange fees runs the risk of derailing the single euro payments area (Sepa) timetable.

01 February 2007

EC abandons retailers and backs down on interchange fees

EC abandons retailers and backs down on interchange fees

Despite accusing retail banks and credit card companies of maintaining artificially high fees, the European Commission will not recommmend overhauling the controversial interchange fee structure when it publishes its report on the European retail banking markets.

30 January 2007

ABN Amro selects Equens for Sepa debit card processing

ABN Amro selects Equens for Sepa debit card processing

Pan-European payment processer Equens has won a five year deal to provide debit card processing services to Dutch banking group ABN Amro in support of the introduction of the single euro payments area (Sepa) in 2008.

26 January 2007

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

Belgium-based payments systems vendor Clear2Pay has been awarded a EUR130,000 grant by the Flemish Innovation Institute for Science and Technology (IWT) which it will use to support the development of its Sepa direct debit technology.

18 January 2007

Euro cross border transfer costs down 90%

Euro cross border transfer costs down 90%

The introduction of European Union (EU) rules governing cross-border euro payments in 2001 has led to a dramatic fall in costs for consumers and prompted banks to invest in EU-wide payments intfrastructure, according to a European Commission study.

12 January 2007

Europe's banks will miss Sepa direct debit deadline, says Hartsink

Europe's banks will miss Sepa direct debit deadline, says Hartsink

Europe's banks will miss the first single euro payments area (Sepa) deadline for direct debits because of delays in passing a new Payment Services Directive (PSD), says Gerard Hartsink, chair of the European Payments Council (EPC).

08 January 2007

German co-op banks to ditch domestic debit scheme

German co-op banks to ditch domestic debit scheme

In an effort to comply with new regulations governing the creation of a Single Euro Payments Area (Sepa), the Sparda banking group in Germany is to ditch the domestic debit ec (electronic cash) scheme in favour of using MasterCard's Maestro marque for both national and international debit card payments.

07 December 2006

Banks under pressure on account switching

Banks under pressure on account switching

Customers will not gain the full benefits of competition in a Single Euro Payments Area (Sepa) unless banks make it easier to switch accounts between institutions, says a group of European regulators which are pushing for a greater say in the preparations for the new payments framework.

01 December 2006

EBA Clearing banks to cut costs with new workstation

EBA Clearing banks to cut costs with new workstation

EBA Clearing has teamed with interbank network Swift to launch IWS-Browse, an interactive workstation (IWS) that enables banks to monitor and control their payment flows on the Euro1/Step1 platform and across other market infrastructures.

21 November 2006

Euro Central Bank calls for more clarity on Sepa for cards framework

Euro Central Bank calls for more clarity on Sepa for cards framework

The European Central Bank has laid down a new set of objectives for payment card schemes to achieve in order to become Sepa-compliant, amid concerns that current provisions would lead to higher prices and a deterioration in service quality.

20 November 2006

Voca turns to SwiftNet for European expansion

Voca turns to SwiftNet for European expansion

Payment services provider Voca has unveiled plans for a multi-purpose SwiftNet channel to expand connectivity choices for its customers as payment infrastructure consolidation talks get underway in the UK.

12 October 2006

Pilot banks lined up for EBA priority payment scheme

Pilot banks lined up for EBA priority payment scheme

The EBA has signed up 24 banks to pilot a new priority payment scheme, designed to ensure irrevocability of payments for beneficiaries within four hours of a credit transfer.

11 October 2006

Survey highlights lack of planning beyond first Sepa deadline

Survey highlights lack of planning beyond first Sepa deadline

Less than half of euro-zone banks are planning their product and market strategy beyond the first single euro payments area (Sepa) deadline in 2008, according to research commissioned by LogicaCMG.

09 October 2006

Interpay and Transaktionsinstitut merge to create new Sepa-ready processor Equens

Interpay and Transaktionsinstitut merge to create new Sepa-ready processor Equens

Dutch payments body Interpay and German processor Transaktionsinstitut have completed their merger to create a new pan-European service provider, Equens.

21 September 2006

Euro banks to lose EUR29bn payment revenues after Sepa

Euro banks to lose EUR29bn payment revenues after Sepa

Euro zone banks stand to lose up to 62% of payments-related revenues following the introduction of the European Union's Single Euro Payments Area (Sepa), according to research from CapGemini, ABN Amro and The European Financial Management & Marketing Association (Efma).

15 September 2006