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Gateways to the Banking Industry
There are a number of services that Bank's provide co-operatively. For some examples of these services see the Gateways to the Industry section of the Banking Framework Scope page.
Howbankswork.com presents reports and articles on themes relevant to Banking Operations. To help you find information easily we have listed below all the reports and articles that relate to the industry gateways described above.
Related Articles
Payment Services Directive
The Payment Services Directive (PSD) is a set of European laws that form the overarching legal framework for virtually all payments activity in Europe and thus, impacts to UK banks. This article analysis the various impacts PSD will have on Bank's Pricing, Competition, Value Dates & Cycle Times, Refund & Complaints.
New Rules for the Cheque Clearing System
The Government has announced changes that have to be made by end 2007 to the cheque clearing system. This article looks at the impact of these changes on all the players involved.
SEPA
UK banks have to do quite a bit of work to support SEPA. Furthermore, they have some options which go beyond “complying” with SEPA to exploit it.
Development of Payment Systems within Banks
The new industry driven real time payments for internet banking, telephone banking and standing orders will cause banks’ IT departments to re-engineer their core banking systems. This will be a major area of systems development over the next few years and this article describes the impacts by systems area.
Report 1.2: Core Banking Processes and Recent Strategies
This report examines the way recent strategies and technologies relate to the core banking processes behind a bank's products. In particular, Report 1.2 examines the changes in cheque and other payments processing that link banks across the industry.
Report 7.1: How Can We Make Substantial Cost Reductions to Europe's Payments?
With Europe's hundreds of banks collectively knit together, one would expect the European Payments system to be fundamentally efficient. However, this is not the case.Our report investigates why this is the case and considers how cost savings can be made, paving the way for substantial economic growth.
Related Links
The following links provide information on Gateways to the Banking Industry.
ACI
www.aciworldwide.com/
ACI provides some of the world’s largest financial institutions with international and domestic wholesale payments and financial message processing solutions. They also provide software solutions to ensure electronic payment transactions are processed reliably and safely
Dovetail
www.dovetailsystems.com/
Dovetail Systems is a global provider of payment systems to banks to enable wholesale, high-value and bulk payment processing
Swift
www.swift.com/
SWIFT supplies secure, standardised messaging services and interface software to financial institutions.
EBA - Step 1
www.abe.org/
STEP1 is a payment system for commercial transactions designed to process single cross-border payments in euro.
Connex
http://www.efunds.com/web/industry-solutions/financial-services/ep-connex.htm
CONNEX™ is an eFunds award-winning global electronic payment solution
Link
www.link.co.uk/
LINK Interchange Network Ltd is the Company that operates the LINK® cash machine (ATM) network
Voca
www.voca.co.uk/
Voca offers secure electronic channels to financial instutions
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