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).
With direct debits and credit transfers finally out of the way, the European Central Bank (ECB) is turning its attentions to Sepa for cards.
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.
© Finextra Research 2014