The Reserve Bank of Australia (RBA) is seeking to update its customer transaction processing and settlement system to manage the transactional activity of its 60 overseas customers for settlement ...

Legacy core systems and data ecosystems are blockers to the transformation agenda at many banks. Ab Initio Software runs on platforms from Mainframe to Cloud. We process natively data formats from bit ...

The system is fully integrated with the Central Securities Depository to support various financial activities.

U.S. Bancorp said its merchant payment processing subsidiary Elavon acquired Electronic Transaction Systems, a Virginia-based developer of end-to-end payment systems for retailers and other ...

U.S. banks changing out core systems for real-time processing news Jul 14, 2011 7 mins Computers and Peripherals Data Center Virtualization ...

Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a Blockchain can be integrated ...

Live Oak Bank has begun deploying a core banking system from Finxact that runs on Amazon Web Services. The move is significant because the use of core banking systems that live on a public cloud, ...

When a customer swipes their card, the settlement bank contacts its network to process the transaction. The payment processor contacts the cardholder's bank to ensure that funds are available. If ...

Pakistan's leading digital microfinance bank, Mobilink Bank, has successfully upgraded its core banking system by ...

M&T Bank said months of preparation should make for a smooth combination of computer and processing systems with People’s United Bank, which it acquired in April. “The details of that are very ...