FMI
Iran and Bahrain link ATM systems
The Iranian ATM system has been connected to that of Bahrain, allowing the customers of Bahraini banks to use the ATM machines in Iran and vice versa.
RBNZ's Bollard on the New Zealand payment system
In the speech 'New Zealand payment system' given on 11 August Alan Bollard of the Reserve Bank of New Zealand said the RBNZ is making protection of New Zealand's $41 billion-a-day payments system its leading priority.
ECB 'Blue Book' on payment and settlement systems
The European Central Bank published the latest addendum to the June 2001 report entitled "Payment and securities settlement systems in the European Union" (third edition) on Tuesday.
ECB paper on large-value payment systems
The ECB Working Paper "Incorporating a 'public good factor' into the pricing of large-value payment systems" considers optimal pricing rules for a public large-value payment system (LVPS) that produces a public good (like prevention of systemic risk) but…
Sweden's central bank signs for RTGS system
Sweden's central bank Sveriges Riksbank has contracted with Italian IT provider Societa Interbancaria per l'Automazione (SIA) for the delivery and implementation of a real time gross settlement (RTGS) system.
ECB sued over euro note security
A company that specialises in anti-counterfeiting technology filed a lawsuit against the European Central Bank on Monday 1 August claiming the euro common currency infringes on a patent issued in 1999.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.
Atlanta Fed's Barron on U.S. and global payments
In the speech 'Responding to change in U.S. and global payments' given on 19 July Patrick Barron of the Federal Reserve Bank of Atlanta said a large segment of the U.S. population loves to use checks and they will no doubt remain an important element in…
Minneapolis Fed's Stern on payments system issues
In the speech 'Payments system issues and challenges' given on 15 June, Gary Stern of the Federal Reserve Bank of Minneapolis said there is no doubt that payments system change continues apace.
ECB's biannual information on euro counterfeiting
In the first half of 2005, 293,000 counterfeit euro banknotes were withdrawn from circulation, the European Central Bank said on 15 July.
Bank of France live with central banking platform
Trema, a provider of treasury and asset management software for global corporations and financial institutions, announced on Thursday 14 July that the Banque de France is now live with Trema's central banking solution.
Noyer on the establishment of the SEPA
In a speech given on 23 June, Christian Noyer of the Banque de France stressed that it is essential that the efforts put together by the banking industry since 2002 bear their fruit so that the SEPA becomes a tangible reality shortly.
Sweden to discontinue old notes and coins
The Sveriges Riksbank said on Wednesday 29 June that a number of old banknotes and coins to the value of almost SEK 5 billion will cease to be legal tender from 1 January 2006.
RBI to introduce cheque truncation system
The Reserve Bank of India (RBI) is in the process of introducing a national cheque truncation system (NCTS) under a new entity to speed up the retail payment system in the banking sector.
Nigeria plans payment system reforms
The Central Bank of Nigeria (CBN) has said its major priority following the consolidation of the banking industry is to reform the payments system which currently remains largely cash-based.
Bank of Canada issues upgraded $10 bank note
The Bank of Canada put into circulation an upgraded $10 bank note with enhanced security features on Wednesday 18 May.
NY Fed's Geithner appointed CPSS Chairman
The Governors of the central banks of the G10 countries have appointed Timothy F Geithner as Chairman of the Committee on Payment and Settlement Systems (CPSS) with effect from June 2005.
RBA on payments system reform in Australia
In a speech on 'Payments System Reform: The Australian Experience' given on 6 May, Philip Lowe and Ian Macfarlane of the RBA said it is fair to say that having specific payment system legislation with responsibility assigned to the central bank has led…
Asian central banks set to gather for ACU meeting
Heads and representatives of central banks from ten countries, including India, will visit Pakistan later this month to attend an annual meeting of the Asian Clearing Union, an official of the State Bank of Pakistan said on Tuesday 3 May.
Fed's Roseman on developments in payment systems
In testimony on 'Recent developments in the payments system' given on 20 April, Louise Roseman of the Federal Reserve said the payments system in the United States is continuing to change and become increasingly efficient. However, the shift away from…
ECB assessment of securities settlement systems
The Governing Council of the European Central Bank updated the assessment of securities settlement systems (SSSs) eligible for the settlement of collateral for Eurosystem credit operations, on Thursday 21 April.
ECB's Tumpel-Gugerell on payment systems
In a speech on 'The need for regulatory involvement in the evolution of payment systems' given on 25 April Gertrude Tumpel-Gugerell of the ECB said euro zone banks are moving too slowly on the integration of payment systems, which would allow consumers…
T&T launches improved website
The governor of the Central Bank of Trinidad and Tobago, Ewart Williams, has launched the bank's redesigned website, highlighting its improved functionality, data access, faster download capability, smoother navigation and printer- friendly versions.
South Korea plans banknote redesign
The Bank of Korea said Monday that it will begin issuing currency bills with new security features next year, to combat an explosion of counterfeit banknotes.