A senior executive at Deutsche Bundesbank has warned that banks will have to spend considerable sums on upgrading their IT systems if they are to cope with insatiable regulatory appetite for new data reporting standards.
With progress towards a single euro payments area well in train, the European Central Bank has identified instant payments with immediate availability of funds as the industry's next frontier for harmonisation and cross-border collaboration.
The European Central Bank's social media unit has moved beyond parody with the launch of a new campaign that encourages citizens to take a 'selfie' of themselves holding the new EUR10 banknote.
The EUR10 banknote of the Europa series will enter into circulation on 23 September 2014. "It's essential that everyone who uses euro banknotes can continue to do so with complete confidence.
The T2S Board has confirmed that the Eurosystem is ready to start user testing as scheduled on 1 October 2014.
The European Central Bank has named four key payment systems - Target2, Euro1, Step2-T and Core(Fr) - as "systemically important", and so subject to new regulations.
After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.
Crooks have hacked the European Central Bank's website, stealing contact data and demanding a ransom for its return.
The European Central Bank (ECB) and the European Banking Authority (EBA) published today a third version of the classification system that links their respective reporting frameworks.
The newly-convened Euro Retail Payments Board (ERPB) is to set up two working groups to explore the role of mobile and 'innovative' payments methods, as Europe begins the transition to a Single Euro Payments Area (Sepa).
© Finextra Research 2014