EastNets, a leading global provider of compliance and payments solutions for the Financial Services industry, has recently been awarded a consultancy contract to audit its Swift operations infrastructure by the European Central Bank (ECB) including its Swift Alliance Access (SAA) and Alliance Gateway (SAG) for high and low EURO value payments.
Card fraud in the Single euro payments area (Sepa) increased in 2012 for the first time in four years, hitting EUR1.33 billion, European Central Bank figures show.
The European Central Bank (ECB) today published its legal opinion on a new directive regulating the development of the European Market for electronic payments, taking into account developments in e-commerce and the introduction of new solutions.
The European Central Bank (ECB) has given its backing to a new guide for assessing the security of Internet payments across the EU.
New statistics released by the European Central Bank (ECB) show that migration to the Single Euro Payments Area (Sepa) gathered pace strongly in December.
353,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2013. This figure is very small considering that there are over 15 billion genuine banknotes in circulation at any one time.
The European Central Bank (ECB) has announced the creation of a new Euro Retail Payments Board (ERPB) to oversee the integration of the bloc's retail payments market in a post-Sepa environment.
The new EUR10 banknote will be unveiled on 13 January 2014 and start circulating later in the year.
To support its introduction, a Eurosystem Partnership Programme has been set up for banknote equipment manufacturers and suppliers as well as clients and users.
The European Central Bank has set out draft recommendations on mobile payments security, covering everything from customer authentication to data protection.
© Finextra Research 2014