Central Banking

Ecuador's banks adopt electronic interbank system

ECUADOR - Ecuadorian banks have 60 days as of 27 June to adapt their systems to the central bank's electronic interbank payment system, Ecuadorian financial daily El Comercio reported.

The mandate stems from legislative reforms to the bank payment systems law, central bank banking services director Pablo Narvaez said.

In practical terms, the central bank must connect its communications network to those of other banks in the financial system, and must implement public key infrastructure (PKI) fo

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