All payments news

BIS publishes guidance on use of CBDCs for offline payments

11 May 2023 Switzerland
Reporter: Bob Currie

The study, published by BIS Innovation Hub Nordic Centre, evaluates how central bank digital currency payments could be made without access to the Internet, an essential consideration for resilience planning and for CBDC payments in remote locations

Volante Technologies partners with HCLTech for payments modernisation

06 April 2023 India
Reporter: Jenna Lomax

As part of the mandate, HCLTech will combine its digital and engineering services capabilities with Volante’s payments solutions and low-code financial platform

BIS’ Nexus connects three IPSs for cross-border payments

27 March 2023 Switzerland
Reporter: Lucy Carter

BIS Innovation Hub Singapore Centre has used the Nexus prototype to connect the test versions of three established ISPs, from the Bank of Italy, Central Bank of Malaysia and Monetary Authority of Singapore

KDPW and KDPW_CCP adapt systems for payment clearing platform TARGET

21 March 2023 Poland
Reporter: Jenna Lomax

The first EUR operations were successfully transmitted to and cleared in the Polish component of the system TARGET-NBP yesterday (20 March)

BIS completes Project Icebreaker central bank digital currency pilot

06 March 2023 Switzerland
Reporter: Bob Currie

Working alongside central banks from Israel, Norway and Sweden, the PoC evaluates the technical feasibility of making cross-border and cross-currency payments between retail CBDC systems

Broken or failed payments negatively impacting staff workload, finds LexisNexis Risk Solutions

24 February 2023 US
Reporter: Jenna Lomax

64 per cent of 400 payment executives interviewed said they are negatively impacted by a broken payment system

Fenergo and Shieldpay partner on CLM solution

15 February 2023 UK
Reporter: Lucy Carter

The product is being designed in advance of Shieldpay’s plans to scale its operations, which currently include the provision of B2B payments to legal and professional service firms, financial services and technology platforms