Deutsche Bundesbank and Equens SE will establish a bilateral link between their Clearing and Settlement Mechanisms (CSMs) for the processing of SEPA Credit Transfers, starting in November 2010.
Innovations in payments are unlikely to tempt German consumers away from their love of notes and coins anytime in the near future, according to research conducted by the German Bundesbank.
The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.
Target2, the EU-wide real-time gross settlement (RTGS) system for large value payments, has been successfully launched, says the European Central Bank (ECB).
The Deutsche Bundesbank is to use SwiftNet FileAct as an additional messaging channel for low-value retail payments, relieving local banks of the burden of maintaining proprietary protocols and driving convergence with the national RTGS in preparation for the creation of a Single Euro Payments Area (Sepa).
Deutsche Bundesbank is to deploy technology from Autonomy to power an advanced information retrieval system for 12,000 employees.
Clearstream has partnered with the Deutsche Bundesbank and other EU central banks to offer access to central bank money for foreign traders clearing cross-border securities transactions through the German markets.
Deutsche Bundesbank has gone live with Trema's central banking solution to automate its foreign currency reserve management.
Deutsche Bundesbank has implemented Trema's Finance KIT version 5.0 to support its foreign currency reserves.
The Deutsche Bundesbank is to use RSA SecurID authentication solutions to enable secure communication with the information and control module of its new large-value euro payment system RTGS(plus).
© Finextra Research 2013