Data Breaches in 2014, 8 Things Worth Knowing 2

I have been focusing recently on payments security and cyber security and lo behold today Gemalto Released Findings of 2014 Breach Level Index. Gemalto have gathered information from various public sources to form a Breach Level Index (BLI, originally developed by SafeNet). It is a fascinating index, and well worth a look. The interactive Breach Database ...

UK Payments Council Selects SWIFT as SEPA IBAN Only Vendor 1

The news yesterday (10-Feb-15) that the UK Payments Council has selected SWIFT as the vendor for the UK’s SEPA IBAN only central infrastructure platform has been widely reported. Full details of the announcement can be found at the SWIFT press release. The intention of this post is to understand what the press release really means ...

Cyber Security – 8 Hacks You Need to Know About 11

Cyber security attracted widespread attention in 2014, and the growth of online and digital technologies will no doubt ensure that corporate cyber security remains firmly in the spotlight in 2015. Last year corporates such as Sony, Apple, JP Morgan, eBay, Target and the European Central Bank were all involved in high profile cyber security attacks. Those cyber security ...

IBAN Number Format by SEPA Country 8

We have already covered the IBAN Number in the post SEPA: IBAN & BIC – The Definitive Guide. The purpose of this post is to give you a quick snapshot of the IBAN number format by SEPA country. In short, the IBAN is the International Bank Account Number – it is a globally agreed way of identifying ...

The Top 10 Payments News Stories In January, 2015

I was looking back at last weeks payments news stories, and thought wow – there were some interesting happenings. I realised that we were at the end of the month, and tracked back at the key payments related news items for January 2015. Now because this is a SEPA, i.e. a European Payments related, website I ...

The SALA in SEPA Salary Payments 2

SEPA salary payments have received significant attention, particularly in Ireland where the SEPA/Target holidays resulted in amongst other payment/direct debit delays, many late payroll payments. When it comes to payments there is nothing more important than payroll. Every company needs to ensure that their payroll process is happening efficiently, securely and on time. Getting your payroll ...

3 Reasons Why Banks Need to Read The Gates Letter 2015 10

Way back in 1994 Bill Gates famously said “Banking is essential, Banks are not“. Over the course of the last 21 or so years, that statement is arguably starting to ring true. There has been a massive transformation in the way we work, rest and play over that period. As consumers we have changed our behaviour ...

Corporate to Bank Connectivity – 10 Questions YOU Need To Ask 6

Most discussions about SEPA are no longer about compliance but instead about how to achieve process efficiencies and process improvements. Have a read of SEPA compliance, Tick. What next…? for some general information about what to consider now that SEPA compliant processes have been implemented. This post will focus on one specific area – corporate ...

3 SEPA Payments Security Initiatives Happening in 2015 4

Maybe I had a few too many beers the night before but I found the recent EPC blog post, European Union Regulatory Initiatives Impacting the Security of Euro Payments: the 2015 Outlook, a bit confusing! In a nutshell the post highlights some of the key security initiatives that are hitting Europe in 2015. Now payments security is ...

BAI2 Format Specification 4

BAI2 Format Specification – Corporates are using a variety of bank statement formats to receive information from their bank(s) about the activity happening on a given account. While most corporates are using the MT940 format, other bank statement formats are of course available and being used. One such example is the BAI2 format. Just before the ...