FMI
Education and payments system top priorities in Papua New Guinea
Governor of the central bank puts financial inclusion for all and better payments systems at the top of his agenda
Payments Council lambasted over cheques plan
Treasury Select Committee leaves damning verdict over Payments Council's original decision to abolish system for cheque clearance; says industry-led body should be more heavily regulated in future
Atlanta Fed welcomes faster card chip migration
Atlanta Federal Reserve says decision by credit card companies to accelerate chip migration will provide roadmap for merchants
Kazakhstan reports large decline in credit card fraud
National Bank of Kazakhstan says there was a 25.4% decline in credit card fraud cases in 2010
Nigeria unveils payments system overhaul
Payments system faces complete overhaul in 2012; aim is to reduce reliance on cash
Online banking poses challenges: RBI’s Padmanabhan
New executive director responsible for the IT, payment and settlement systems and foreign exchange department discusses challenges of online and telephone banking
South Sudan currency exchange begins in earnest: images
Senior officials in South Sudan exchange Sudan pound for new South Sudan currency; central bank sets deadline for public to exchange old banknotes for new ones
HKMA misses design fault on new banknote
Hong Kong Monetary Authority forced to apologise for design flaw on new HK$100 banknote; cost of re-design and re-prints will be covered by banknote designer HSBC
Target 2 experiences three-hour outage
Target 2 payments system down for three hours on Monday morning; European Central Bank says source of interruption is as yet unexplained
UK opts out of ECB's T2S
Reports emerge suggesting the UK has opted out of the European Central Bank's Target2- Securities project
Row brews in Costa Rica over new banknote
Central bank forced to defend wording on new banknote; debate erupts on ‘state’ versus ‘republic’
New Zealand prepares to overhaul banknotes
Reserve Bank of New Zealand outlines plans to upgrade New Zealand’s banknotes
Iranian public votes on currency reform
Preliminary results show name of currency will change and four zeros will be removed from value
Euro counterfeit figure drops
European Central Bank releases counterfeit figures; 18.8% decrease in notes found
South Sudan enacts central bank law
Bank of South Sudan becomes central bank; new currency to be floated in a ‘managed’ way
UK abandons plan to end cheque use
Method of payment will exist for “as long as customers” need, says Payments Council
Former Vietnamese governor suspended over corruption scandal
After reports implicate Le Duc Thuy, a former governor of the State Bank, the country’s prime minister forces him out of public service
T2S framework agreement delayed due to four remaining issues
There are four remaining issues that are delaying the forthcoming Target-2 Securities (T2S) framework agreement, according to an industry leader from the European Central Bank (ECB).
Romania joins Target2
National Bank of Romania moves step closer to euro adoption with launch of national component of large-value euro payments system
BoE urges expansion of Chaps membership
Bank of England executive director of banking services Chris Salmon calls for broader membership of UK large-value payments system
Australian banknote makers charged with bribery
Securency and Note Printing Australia face bribery and corruption charges from Australian authorities; Reserve Bank of Australia cleared of any wrongdoing
Fed extends temporary dollar swap lines again
Canada, UK, Switzerland and ECB prolong arrangements; Japan to decide soon
Norges Bank - Payment Systems Annual Report (2010)
Norges Bank 2010 Payment Systems Annual Report says payments should be made more swiftly, securely and at a lower cost
Ex-BIS GM on limitations of narrow banking
Bank for International Settlements former general manager Sir Andrew Crockett says narrow banking will not prevent excess build-up in credit