Payments

See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Payments Systems and Technology in order of publication date.

You may also be interested in our Payments Systems & Suppliers Guide >>

A ‘payment’ is a wide-ranging term that refers to the transfer of wealth from one party to another. This can take the form of cash, credit or debit card transactions, cheques, money transfer or bank transfers. The systems behind these payments will always require a number of counterparties working in close co-operation. For example, in a credit card payment normally four parties work together: the buyer (the card holder), seller (the merchant), issuing bank (the institution that issued the card and which will authorise the payment) and acquiring bank (the merchant’s bank that will receive the credited funds).

The payments industry has traditionally been fragmented with domestic and international payments operating separately, both within banks and in terms of the market infrastructures which support them. This has resulted in each country often having its own payments infrastructure, rules and clearing systems, although the EU is attempting standardisation in its member nations through its Target 2 platform, the creation of the Single Euro Payments Area (SEPA) and the issuing of its Payment Services Directive.

When processing a payment, a distinction is made between ‘high value, low volume’ payments, that are often international or inter-bank payments which are processed via an expensive real-time gross settlement system, and ‘low value, high volume’ payments which are often domestic retail business which are cleared though some form of low-cost automated clearing house. Swift is often used for non-urgent inter-bank business – national or international.

See also the free IBS Journal Payments Supplement 2013 >>

The industry around payments has been fairly static for a number of years, but recent regulatory changes, such as SEPA and the Payment Services Directive in Europe (mentioned above) and Check 21 in the US, along with the advances of new technology, such as mobile payments and pre-paid cards, have made banks review their payment systems. Banks are facing increased competition in this sector, particularly for internet and mobile payments, and are embarking on new projects to re-engineer their payments systems.

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Article: TCS targets US banking sector with Bancs on a hosted basis

26 July 2012

India-based TCS Financial Solutions hopes to crack the US banking market with an ASP offering of its core banking system, Bancs. For this it has partnered with managed IT and services provider Savvis. One taker has just been signed.

Article: ProgressSoft – PS-ECC Suite, PS-SIG Suite, PS-eTrade, PS-ACH, PS-MPay

25 July 2012

Contents: Overview / Corporate Overview / Product Suite / Partnerships / Uptake and customer experiences / User List. 

Article: BPC Banking Technologies spearheads Asia

24 July 2012

Russia-based payments software provider, BPC Banking Technologies, has landed four new deals in Central and South East Asia, bringing the number of its Smartvista payments platform users in the region to 13. It continues to target ACI Worldwide's...

Article: IBIS Management Associates – Alchemy Payment Processing Suite

18 July 2012

Contents: Overview / Product Suite / Partnerships / Strategy / Uptake and Customer Experiences / User List

Article: Montran Corporation – Montran Suite

18 July 2012

Contents: Overview / History / Product Suite / Uptake and Customer Experiences / User List

Article: Sterci – GTFrame, GTMatch, GTExchange

18 July 2012

Contents: Overview / Strengths / Weaknesses / History / Product Suite / Uptake and Customer Experiences / User List

Article: Clear2Pay – Open Payment Framework

16 July 2012

Contents: Overview / Strengths / Weaknesses / Corporate Overview / History / Product Suite / Strategy / Uptake and Customer Experiences / User List

Article: Sopra Banking Software – Evolan Payments

16 July 2012

Contents: Overview / Summary History / User Experiences / User List.This supplier is also profiled in the following IBS Intelligence research publications:

Article: Crédit Agricole Group pumps €300 million into payments technology overhaul

09 July 2012

Crédit Agricole is building a new payments platform, based on ACI Worldwide's Base24-eps, to unify operations across the entire group. 'One billion transactions on one platform – you won't find this anywhere else,' states the chief executive of Cr...

Article: T24 roll-out at JP Morgan Chase completed

09 July 2012

JP Morgan Chase has completed the multi-site roll-out of a demand deposit accounting solution based on Temenos' T24. 

Article: On the move – July / August 2012

04 July 2012

A round up of recent appointments and departures within the industry. Departures at Simcorp, Infosys and London Stock Exchange among others. New hires at Gulf International Bank, Fenergo and SAP.

Article: First Data supports end-to-end card processing at Fio banka

29 June 2012

Fio banka, a retail bank in the Czech Republic, has launched a new payments platform from First Data Corporation. The offering includes contactless cards.

Article: SAP for Banking nears go-live at Deutsche Bank

29 June 2012

Following three and a half years of implementation work, Deutsche Bank is about to go live with SAP for Banking in Germany.

Article: Industry initiative update: Innotribe

29 June 2012

Swift's Innotribe technology community heads towards Sibos 2012 with new startup winners, some challenging discussion techniques and a new model to help banks find new technologies.

Article: Editor's Note – July 2012: IBS comments on the major IT problems at RBS

28 June 2012

Others have been there before and, unless they finally grapple with their legacy systems and processes, more and more banks could find themselves in a similar position to RBS – fire-fighting after a major, public computer problem.

Article: Conference review: Temenos Community Forum 2012 – Spanish steps

19 June 2012

Temenos' annual customer forum met in Barcelona to discuss how the vendor intends to deliver the goods over the next year.

Article: Standard Bank prepares for agency banking in Africa with Infosys

08 June 2012

Having made a success of agency banking at home, Standard Bank is to roll out the model in the rest of Africa. It has selected Infosys' Finacle Digital Commerce platform for this.

Article: On the move – June 2012

01 June 2012

A round up of recent appointments and departures within the industry. Departures at Swift and Temenos. Cadis, Dion Global Solutions and Bats Chi-X Europe are among the companies who have announced new hires.

Article: Who's Bought What? – June 2012

01 June 2012

A round-up of recent orders in the financial technology sector worldwide. Path Solutions, Temenos and iCreate are among the vendors announcing new deals. ABN Amro in the Netherlands, Awash International Bank in Ethiopia and KBC in Belgium and others...

Article: SIX to build and run SEPA switch for Belgian card processor

01 June 2012

Belgian debit card scheme operator, Bancontact/MisterCash, is working with SIX Payment Services to become a SEPA-compliant card payment scheme. Go-live is expected mid-2013.

Article: Logica to be bought by Canada's CGI for £1.7 billion

31 May 2012

UK-based business and technology services vendor, Logica, is in the acquisition sights of CGI. If the takeover is successful, the combined entity will be integrated under the CGI brand, with a workforce of 72,000 and a worldwide presence.

Article: Royal Bank of Scotland builds SEPA payments hub

28 May 2012

Belgium-based payments software vendor, Clear2Pay, has landed a deal to build a new payments hub for the Royal Bank of Scotland (RBS), based on its Open Payment Framework (OPF) platform.

Article: Vendor view: SAB & Clear2Pay – French connection

28 May 2012

SAB is one of the three major French core banking suppliers that operate in North Africa. Its chairman, Olivier Peccoux, tells IBS about the experience. Also in this article we ask how much headway can a French vendor make in North Africa? IBS...

Article: Analysis: Mobile money in North Africa – Cash converters

28 May 2012

The North African market is starting to see some movement in the mobile money space. Who's been doing what over the past twelve months or so?

Article: Case study: Creova – Making waves

28 May 2012

Mobile payment services in North Africa have received a fair bit of attention in the past twelve months or so. French technology firm, Creova, and its various partners are seeking the next M-Pesa-style success story, starting in Tunisia.

Article: Temenos and ABN Amro partner to build payments hub

24 May 2012

ABN Amro will make use of the vendor's new Temenos Enterprise Frameworks Architecture (TEFA) to create a major payments hub. For Temenos, a payments system is a step sideways from its core banking speciality, centred on T24.

Article: KBC replaces Swift Alliance with AMH platform from Arkelis

23 May 2012

KBC, the Belgium-based banking group, is deploying the Advanced Messaging Hub (AMH) from Swift’s subsidiary, Arkelis. Meanwhile, first takers of the Linux version of AMH are also found.

Article: Barclays delivers Pingit corporate payments functionality

22 May 2012

Barclays adds direct corporate payment functionality to its Pingit consumer payment app. It claims faster payment allocations and improved customer service amongst key benefits.

Article: O2 reveals technology behind new mobile Wallet

16 May 2012

O2 Money explains how its new Wallet service differs from others. 'We've essentially built all the functionality you'd have in a bank,' claims Andy Tobin, CTO of O2 Money.

Article: Start-up INSS seeks first customers for payments processing

10 May 2012

Greece is not the obvious place to look at present for start-ups but a new company called INSS is seeking to offer payment services, underpinned by the Authentic and Fractals systems from UK-based Alaric.

Article: Ghana implements central payments switch with HPS

10 May 2012

A centralised open payments switch is currently being implemented in Ghana that will be able to process all types of transaction between all banks and financial institutions.

Article: IBS Journal Financial Crime & Anti-Money Laundering Supplement 2012

02 May 2012

Is the IRS going to change its name? This is the question nobody is asking as the world financial industry comes to terms with the Foreign Account Tax Compliance Act (FATCA) which specifically targets assets held outside US soil.

Article: On the move – May 2012

02 May 2012

A round up of recent appointments and departures within the industry. Departures at Temenos and Paypal. FIS, TCS and Fiserv are among the companies who have announced new hires.

Article: Aptys gains Bankers' Bank as mobile payment pilot

26 April 2012

Emerging US payments system supplier, Aptys, is busy on a number of fronts, including mobile payments and Nacha's Deposited Check Truncation (DTC) scheme, and with a 'positive pay' solution also in the pipeline.

Article: Free Webinar: How To Improve Negotiation and Contracting Techniques with Technology Vendors

23 April 2012

Our free webinar How To Improve Negotiation & Contracting Techniques with Technology Vendors took place on Wed 25th April 2012 (a recording of the webinar is available to view on our

Article: Case study: Al Fardan Exchange – Simple exchange

04 April 2012

With an expanding network of correspondent banks across the globe, Dubai-based remittances and foreign exchange provider, Al Fardan Exchange, saw a need to reduce complexity and cost.

Article: Analysis: Sanctions lists – What's in a name?

04 April 2012

Monitoring sanctions lists should be a serious business for financial institutions. But it is not an easy task...

Article: Case study: British Arab Commercial Bank – Some like it hot

04 April 2012

For British Arab Commercial Bank, dealing with the politically sensitive is its stock in trade. Technology plays a major part of its day-to-day activity.  

Article: On the move – April 2012

04 April 2012

A round up of recent appointments and departures within the industry. Departures at Temenos, Wall Street Systems and debt-stricken 3i Infotech. Avaloq and Sungard are among the companies who have announced new hires.

Article: Who's Bought What? – April 2012

04 April 2012

A round-up of recent orders in the financial technology sector worldwide. Dovetail, Temenos and BML Istisharat are among the vendors to sign new deals. Bank Mayora in Indonesia, Crédit Agricole in Belgium and Arab Investment Bank in Lebanon and others...

Article: Case study: TecBan – A tough nut to crack

04 April 2012

How TecBan uses automated testing to keep its 12,000-strong ATM estate up to date.

Article: OpenWay – Way4

30 March 2012

Contents: Overview / The Product Suite / Partnerships / Uptake and Customer Experiences / User List 

Article: Sentenial – EuroDebit DAM, EuroDebit EOM, SEPA R2R, Origix Corporate, Origix IP

30 March 2012

Contents: Overview / History / Product Suite / Technical Details / Functionality / Partnerships / Strategy / Uptake and User Experiences / User List

Article: Clairmail to be acquired by Monitise

29 March 2012

Monitise is buying the US mobile banking and payments specialist, Clairmail, for $173 million. Detailed integration plans are in place and will be applied immediately after the closing of the deal. This is expected before the end of 2012.

Article: New IBS Intelligence Research Publications Catalogue 2012

26 March 2012

Independent, in-depth banking system and financial technology market research and analysis from IBS Intelligence. Every word of every publication is written by ourselves. 

Article: Baltic Development Bank modernises IT with CFT

26 March 2012

Moscow-based Baltic Development Bank is implementing the CFT-Bank core system from domestic vendor, CFT. The system will support the bank's consumer financing strategy as well as the provision of payments processing outsourcing services to other...

Article: OPF from Clear2Pay assists with Crédit Agricole migration in Belgium

23 March 2012

Clear2Pay's OPF payments platform is helping Crédit Agricole in Belgium with the migration of accounts from Centea Bank, which was acquired in 2011.

Article: Barclays partners with Sentenial for corporate SEPA DD offering

19 March 2012

SEPA payments specialist Sentenial has announced a partnership with Barclays to offer a pan-European mandate management solution to the bank's corporate SEPA Direct Debit customers.

Article: Softclub makes first international sales of SC-Bank NT core system

13 March 2012

Belarus-based banking software vendor, Softclub, has had an international breakthrough with its SC-Bank NT core system. Kyrgyzstan's central bank and two banks in Turkmenistan are the first takers.

Article: Interview: John Turner, Xceed Group – Work to rule

07 March 2012

Does an industry that has its focus on risk management and stability have any room for growth? It does if it puts the effort in. IBS talks to industry consultant, John Turner.