01 October 2013 All banks and finance companies are now ready to embark on to the first phase of the UAE direct debit system starting October 5.In April, the Central Bank of the UAE announced that the ...

DUBAI, 1st October, 2013 (WAM) -- Further to an earlier communication in April this year, the Central Bank of the UAE has announced that registration of banks and finance companies into the direct ...

ABTA will launch a replacement version of its Single Payment System to members later this year. The technology has been developed by Travel Ledger. The direct debit system allows fast online payments ...

DUBAI, April 9 (Reuters) - The United Arab Emirates central bank said on Tuesday it was introducing a direct debit system for commercial banks, a step which could ease a major problem for foreign ...

SIA, the Italian leading provider of IT services and solutions for the national and international financial industry, renews its partnership with EBA Clearing for the design and development of the ...

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is ...

The new initiative will root-out inefficiency in the payment system, where back office staff do the posting of cheques manually. In the second phase to be started very soon, the DDP would be expanded ...

The House of Representatives has resolved to initiate a workable strategic plan to enhance the efficient payment of monthly utility bills of all Ministries, Departments and Agencies by establishing a ...

LONDON–(BUSINESS WIRE)–ClearCourse Partnership LLP, a partnership with a mission to acquire innovative technology companies providing membership software and services to groups, organisations and ...

A new era began for the European payments industry in January, as the Single Euro Payments Area initiative commenced to link the European Union’s many fragmented national payment systems into a zone ...