SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.
First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.
The Singapore Exchange has stepped up its efforts to connect to international market participants, with a deal between itself and German derivatives exchange Eurex that will allow traders in Europe to access the Singapore market more easily.
Market participants trying to clear OTC derivatives under new European trading rules will soon be able to use a service from CSD Euroclear and clearinghouse CME Clearing Europe that promises to make the job easier.
Europe’s businesses are unprepared for the arrival of the Single Euro Payments Area in February 2014, with many completely unaware of its consequences, according to new research by IT business services provider Steria.
