Finland’s banks are inviting proposals to replace their existing urgent payment system with a real-time system operating 24 hours a day, every day. Dubbed Pops, the current system was built in the early 1990s and is now “becoming obsolete”, says the Federation of Finnish Financial Services. The new system needs to cover at least the entire Sepa zone, and provide application-level acknowledgement of payments received by beneficiaries. Interested suppliers have until 12 September 2014 to submit ideas.
- Apple releases iOS 11 with support for NFC tag reading
- Bank of England examines the technical requirements of central bank-issued digital currencies
- Premier Food Service adds rewards to contactless vending machines
- UK’s Payment Systems Regulator outlines PSD2 enforcement process
- Financial Conduct Authority sets out PSD2 requirements for UK payment service providers