Payments

BIS Innovation Hub and MAS pushes out global real-time retail payments network connectivity

Lilia Guan

Model builds on successful connection of Singapore and Thailand’s national payment networks. The Bank for International Settlements Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) today published a proposed blueprint for enhancing global payments network connectivity via multilateral linkages of countries’ national retail payment systems. Titled Project Nexus ,…

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Westpac strengthens digital products against abusers

Lilia Guan

Australian bank implements technology to stop against abusive messages sent via payment transactions Westpac has taken measures to make digital banking safer for customers, including giving customers the ability to report abusive messages via online and mobile banking, and blocking inappropriate language from outgoing payments. The changes have been introduced…

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