The European Central Bank is contemplating a merger of the Target2 real-time gross payment system with the T2S securities settlement mechanism, providing a single platform for the processing of cash and securities across the Eurosystem.
Tradeweb Markets, the leading global marketplace for electronic fixed income, derivatives and ETF trading, announced it has been awarded two contracts to supply its electronic trading platform (ETP) to the European Central Bank (ECB).
The European Central Bank (ECB) has reported an eight percent increase in fraud among cards issued or acquired within the Single Euro Payments Area (Sepa) for 2013.
Earlier today, we learned that the European Central Bank (ECB) has officially approved the eBay-PayPal separation – the final approval we needed to complete our plan to create two dynamic, standalone public companies.
The Euro Retail Payments Board (ERPB) says that person-to-person mobile payment providers across the continent should work together to ensure interoperability.
T2S, a platform that will enable integrated securities settlement across Europe, has gone live as planned today, the European Central Bank announced.
Italy will no longer be one of the first set of countries to go live with Target2-Securities (T2S) later this month, securing a two month extension in the wake of "strong discomfort" among its banks.
On 28 May the T2S Board reviewed the status of the T2S testing activities and confirmed that the platform is sufficiently stable for live production on 22 June 2015.
EBA Clearing has launched a task force to lay the groundwork for a Europe-wide instant payment processing service it hopes to have up and running by 2018.
The Eurosystem comprises the European Central Bank (ECB) and the national central banks o fthe Member States that have adopted the euro as a common currency.
© Finextra Research 2015