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August 18, 2023
On the wires
The Fintech Fueling Europe's Digital Currency Revolution: Perfinal's Role in Europe's First Live CBDC Project
PR Newswire
September 1, 2020
On the wires
ACI Worldwide and Partners Capsys and T-Systems Power Majority of Hungary’s Real-Time Payments
“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that it powers approximately 75 percent of Hungary’s real-time payments, after the successful go-live of the country’s domestic real-time scheme. The scheme mandates that all transactions below HUF10M ($34,000) must be processed immediately.”
November 8, 2018
Top Post
Hungarian national m-payment system struck down by EU court
Telecom Paper
“The EU Court of Justice has struck down Hungary’s national mobile payments system, saying the monopoly violates the EU’s Services Directive. The European Commission brought the case against the country. The company Nemzeti Mobilfizetesi operates the national mobile payment system since 2014, and use of its services is mandatory for mobile payments of public parking charges, road tolls, public transport and any other fees for services offered by a state body. The providers of those services are, in principle, bound to ensure customer access to their services over the national mobile payment system.”
September 4, 2018
On the web
HUNGARIAN INSTANT PAYMENTS PROJECT PROGRESSING AS PLANNED
Financial IT
“In less than a year from now, on 1st July 2019, the instant payment system of Hungary will go live – fundamentally changing the way Hungarians make payments. The implementation of the instant payment system is an historic step not only for GIRO, a leading provider of services to financial institutions in Hungary, but for the entire Hungarian financial system, because it will bring changes and significant advantages to all participants in the national payment ecosystem.”
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