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Topic: Interbank network


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In the News (Thu 16 Feb 12)

  
  Neon Twilight Entities - Interbank
Interbank grew fat and aggressive during those years, until it broke free of, and then swallowed, its astonished parent companies.
Today Interbank still dominates, but its position is being attacked by jealous governments who have lost monetary control of their economies to leviathans such as these.
Interbank's webworks are highly lethal and paranoid in the extreme, and even if a succesful hacker sneaks into its systems, the amount of money that can be skimmed is very limited.
members.tripod.com /kryp/ent_inter.html   (379 words)

  
 Payment Ssytem in Thailand
These networks merged in 1993 to form a single nation-wide ATM network system called the ATM Pool.
For the POS network, the Credit Card Business Club, which is an organization under the Thai Bankers’ Association, hopes to put in place an EFTPOS network or the EDC Pool (Electronic Data Capture Pool) by mid-1997.
The system provides interbank clearing for small-valued transfers, including payroll and dividend transfer on the credit side and payment of household utilities bills on the debit side.
www.bot.or.th /BOTHomepage/BankAtWork/Payment/General/Eng_TPSEMEAP.htm   (4873 words)

  
 Epoch-Making Decision in Internetworking: NTT's Open Network Declaration from a Historical Perspective
Network opening means that anybody can interconnect with NTT's network at any point he or she likes, including the local loop and signaling system.
If you think a 100-member network is more comfortable, and it is interlinked with other networks all over the world, do not hesitate to remain a member of the small network.
Even though all network operators, including common carriers, recognize the importance of NE and agree that interconnection is the key to taking advantage of NE, this cannot necessarily guarantee interconnection among networks, because it is linked with standards, fees and strategy.
www.comsoc.org /ci/private/1996/jul/hayashi.html   (4452 words)

  
 ARNO show document   (Site not responding. Last check: 2007-11-07)
Yet, a network of interbank exposures may lead to domino effects following the event of an initial bank failure.
The structure of the interbank market is a potential important driving factor in the risk and impact of interbank contagion.
We find that a change from a complete structure (where all banks have symmetric links) towards a multiple money centre structure (where the money centres are symmetrically linked to some banks, which are themselves not linked together) as well as a more concentrated banking market have decreased the risk and impact of contagion.
arno.uvt.nl /show.cgi?did=138179   (215 words)

  
 PAYMENT SYSTEMS IN LATVIA
The networks are compatible, but the transaction fees may differ in accordance with the pricing policy applied by each network manager and card issuer.
The Regulations govern the handling of interbank payments through all three payment systems managed by the Bank of Latvia (the EFTS, the IGSS and the EKS), including operational and technical standards to be met by the participants and the Bank of Latvia.
An interbank transfer is settled after the receipt and validation of a payment message, provided the payer has the necessary funds available.
www.bank.lv /images/img_lb/mns/latvian/bluebook.html   (11680 words)

  
 Discount Store News: Payless NW is 1st discounter with EFT   (Site not responding. Last check: 2007-11-07)
The networks tend to operate in a few states or a region and they have been providing EFT service to supermarkets and convenience stores in their area.
ITS is one of the oldest networks in the country.
An executive at another long-established network, Honor in Florida, said discounters haven't accepted debit cards because of the high cost of converting the large number of registers in their stores to handle this card.
www.findarticles.com /p/articles/mi_m3092/is_v24/ai_3772110   (1551 words)

  
 The Bank - Systems of Payment - Interbank and Securities (Marketable Securities) Settlements
Credit institutions have teleprocessing networks for interbank transactions which allow real-time transmission of data between bank branches, enabling access to a customer’s bank account in any branch linked to the network.
The paper-based interbank operations (cheques issued by resident and non-resident credit institutions, warrants issued by public institutions and transfer and payment notices denominated in escudos by Portuguese credit institutions with head offices abroad) processed by the former traditional clearing are, since July 1998, processed through the automated clearing of cheques.
Transactions among institutions carried out in the Interbank Money Market and in the Exchange Market are settled by the Banco de Portugal, on a gross value basis, through movements in the accounts of the participating institutions.
www.bportugal.pt /bank/payments/compens_e.htm   (839 words)

  
 Stockwatch > News > News Item   (Site not responding. Last check: 2007-11-07)
Using a secure connection into TNS' private network, Cedecra can collect and transport credit and debit card transactions in either IP or X.25 from any type of device without retailers or banks needing to change their infrastructure.
TNS' networks support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
TNS' network technologies have been deployed in the United States and internationally, and TNS' networks have become preferred networks servicing the trading community, wireless and wireline carriers, and the card processing and dial-up automated teller machine markets.
new.stockwatch.com /swnet/newsit/newsit_newsit.aspx?bid=U-b006134-U:TNS-20050228&symbol=TNS&news_region=U   (522 words)

  
 Automatic teller machine - Encyclopedia.WorldSearch   (Site not responding. Last check: 2007-11-07)
Most ATMs are connected to interbank networks, enabling people to withdraw and deposit money from machines not belonging to the bank where they have their account.
This is a convenience, especially for people who are travelling: it is possible to make withdrawals in places where one's bank has no branches, and even to withdraw local currency in a foreign country, often at a better exchange rate than would be available by changing cash.
ATMs rely on authorization of a transaction by the card issuer or other authorizing institution via the communications network.
encyclopedia.worldsearch.com /automatic_teller_machine.htm   (1506 words)

  
 Computing Canada: SWIFT selects Stratus for data service on its global network - Society for Worldwide Interbank ...   (Site not responding. Last check: 2007-11-07)
By using Stratus systems as dedicated message-processing servers in its existing network, SWIFT will enable financial institutions to automate the flow of general business information in addition to payment-related messages.
The store-and-forward design means that sender and receiver do not have to be connected to the network simultaneously.
If the receiver is not open for business when the initial delivery attempt is made, the system stores the file for a limited period of time until it can be routed to its destination.
www.findarticles.com /p/articles/mi_m0CGC/is_n21_v16/ai_9554021   (788 words)

  
 FSTC: Projects
The key elements needed to alleviate the need for paper check transport and retention are interoperability as well as technology that builds confidence in the security and quality of check interchange.
FSTC began the Interbank Check Imaging Project with the vision of building a national check image interchange system based on interoperable, open systems architectures that provide flexible, economical services for the financial industry.
A variety of communications methods were used, including FTP (file transfer protocol) in the early phases of the pilots, and the Check Image Interchange Protocol (CIIP), a socket-layer protocol developed by the ICI project.
www.fstc.org /projects/imaging   (2127 words)

  
 Press Release - ECS - 2003-05-07 - @ The Clearing House
The DTA is a specialized local server that acts as a gateway between nodes on the interbank exchange network managed by Electronic Clearing Services (ECS), the SVPCo operating subsidiary that runs the ECP and image systems.
The DTA is used as the vehicle for sending and receiving files through the image exchange network and is designed to automate all aspects of image exchange.
Through its world-class networks, SBC companies provide a full range of voice, data, networking and e-business services, as well as directory advertising and publishing.
nych.org /press_releases/svpco_2003/000191.php   (936 words)

  
 Interoute - About Us - Management Team
As Group VP Networks & Operations he is responsible for managing the delivery side of the business including operations, engineering, services development, procurement and the company IT function.
John was a founding executive of the first pan-European facilities based carrier, formed by GTS in 1995, and held responsibilities for Networks & Operations within GTS/Ebone through its development phase to maturity.
This was followed by 8 years at the global interbank network S.W.I.F.T., where he led the implementation of a new generation of networks ad applications, and subsequently headed the Telecommunications division responsible for network operations in more than a hundred countries.
www.interoute.at /bios/john_shearing.html   (212 words)

  
 Abstract: Hans DEGRYSE & Grégory NGUYEN - Interbank Exposures: an Empirical Examination of Systemic Risk in the ...
Yet, a network of interbank exposures may lead to domino effects following the event of
interbank exposures of individual banks and on large bilateral interbank exposures.
Moreover, an increase in the proportion of cross-border interbank
www.econ.kuleuven.ac.be /ces/discussionpapers/DPS04/A0403.htm   (178 words)

  
 FXGLOBALINK: The FOREX Market   (Site not responding. Last check: 2007-11-07)
In fact, banks are increasingly relying on trading in the Forex market for profits while reducing the amount of loans they make since currency risk is easier to manage and measure than is default risk.
The five major centers of Forex Interbank trading, which handle more than two thirds of all Forex transactions, are London, New York, Zurich, Frankfurt and Tokyo.
The market itself is actually a worldwide network of interbank traders, consisting primarily of A-Banks, connected by telephone lines and computers.
fxglobalink.com /dfxmkt/mkt_participant.htm   (420 words)

  
 Agent for change -- VECTORsgi
In essence, SVPCo's DTA is a specialized local server that acts as a gateway between nodes on the interbank exchange network managed by Electronic Clearing Services (ECS), the SVPCo operating subsidiary that runs the ECP and image systems.
Besides sending and receiving files through the image exchange network, and automating all aspects of image exchange, the DTA transitions some mainframe functions out to server technology, resident at sending and/or receiving sites.
In addition, this innovative approach to image exchange is designed with "open system architecture" so it can act as a conduit to the network for both small and large banks.
www.bankersonline.com /vendor_guru/vector/vector_agent.html   (1196 words)

  
 FDIC: FDIC Banking Review
The notion of a network gives rise to the concept of network externalities.  That is, a product or service tied to a network has value that is enhanced by its link to other users.  This is especially true for communication systems, and it can be argued that payment systems are really forms of communication systems.
The system of check payments—a debit transfer system—which is presently paper based and the networks for which they are operated by both the banking community and the Federal Reserve System.
The check system is the oldest interbank payment system in the United States.  It evolved in the second half of the nineteenth century as banks in the United States switched from note issue to deposit banking as a result of a 10 percent tax on notes.
www.fdic.gov /bank/analytical/banking/2004nov/article3   (2799 words)

  
 Payments & Settlement System   (Site not responding. Last check: 2007-11-07)
The most part of interbank payments is carried out through the payment and settlement systems of the Central Bank, using the commercial banks' correspondent accounts with the Central Bank.
The interbank payments through the commercial banks' systems are settled using mutually opened LORO NOSTRO accounts.
The interbank payments outside the Central Bank are carried out both on a paper and electronic basis (telex, CBANET interbank computer network, S.W.I.F.T.).
www.cba.am /paymenu.asp?payleft=2   (412 words)

  
 The Risks Digest Volume 7: Issue 21
The payment instruction was sent via the Swift international interbank network, which handles nearly a million payment messages per day.
Swift officials in Brussels emphasized that the security of the network had not been compromised, and that what happened was not strictly a computer crime.
The Swift network then has no way of knowing it is carrying a fraudulent transaction.
catless.ncl.ac.uk /Risks/7.21.html   (2734 words)

  
 The Bank - Systems of Payments - Other means   (Site not responding. Last check: 2007-11-07)
The use of banknotes and coins as a means of payment has decreased as a result of the growth of other types of payment.
The development of networks of automated teller machines (ATMs) offering means of direct transfers of payments (water, electricity, telephone, insurance, parking fines, taxes, etc.), the diffusion of automatic point-of-sale (POS) terminals and prepaid "smart cards", have combined to make the use of cash less frequent.
The POS network for payments with credit and debit cards is widespread all over the country.
www.bportugal.pt /bank/payments/others_e.htm   (682 words)

  
 SWIFT urges banks to undergo major network migration | EastNets (Eastern Networks)   (Site not responding. Last check: 2007-11-07)
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), an industry owned cooperative supplying secure messaging services and interface software to financial institutions worldwide, has recently urged banks to undergo an interbank network migration from the current operating platform X.25 to a more secure and reliable IP (Internet Protocol) network.
Eastern Networks, the SWIFT Business Partner of choice for the region, has called upon banks in the Middle East region to initiate the process of migration and has offered them specially created migration care and post migration care packages to facilitate and ease the entire migration process.
Eastern Networks, based in Dubai Internet City, is their business partner of choice for the Middle East.
www.ameinfo.com /7680.html   (1234 words)

  
 Press Releases | BNP Paribas Bank   (Site not responding. Last check: 2007-11-07)
SWIFTNet is destined to replace the present interbank network SWIFT FIN by the end of 2004.
The group has one of the largest international banking networks throughout 85 countries and has over 85,000 employees worldwide.
This opens a network of over 10,000 branches to BNP Paribas' corporate clients and ensures the banks' position as a leading player in international cash management.
www.bnpparibas.com /en/news/press_releases_print.asp?Code=PVOI-5CAB2T   (436 words)

  
 SSB Online - Portfolio transactions   (Site not responding. Last check: 2007-11-07)
The "Portfolio transactions" procedure consists of a standard and mandatory family of applications in the National Interbank Network.
Banks in the National Interbank Network may participate in the procedure.
It must then be sent to the Association and a copy must also be sent to the Secretariat of the Interbank Agreement for Problems of Automation (CIPA) and to the Interbank Application Provider the Bank intends to use.
www.ssb.it /TestSSBOnline.nsf/V2010/13328F5B2C773D8800256AD300463824   (181 words)

  
 Finextra: Swift CEO outlines Global Crossing contingencies
Swift CEO Lenny Schrank has sought to reassure shareholders about continuity of services across the interbank network in response to user worries about the worsening financial plight of telecomms partner Global Crossing.
The Belgian-based interbank messaging co-operative subcontracted its existing X.25 network - and responsibilty for the upgrade and operation of the next-generation Secure IP-based network (SIPN) - to Global Crossing last year.
In its initial stage Global Crossing's role is to 'operate' the existing networks on behalf of Swift.
www.finextra.com /fullstory.asp?id=4546   (382 words)

  
 Charles Babbage Institute: RESEARCH PROGRAM> Current research   (Site not responding. Last check: 2007-11-07)
The network eliminates the need for printed checks in processing interbank payment transfers, and reduces confusion in automating transfers through international accounts with unfamiliar or confusing foreign names.
In January 2001 the network began settling all business on a real-time basis, rather than at the end of the business day.
Other comparable wholesale electronic funds transfer networks contemporary with CHIPS include—in addition to Fedwire—Bankwire II (qv), a network operated for several hundred banks by the Payment and Telecommunication Services Corp.; and SWIFT (qv) a network for international payment processing by a consortium of U.S. and international banks.
www.cbi.umn.edu /shp/entries/chips.html   (541 words)

  
 Annual Reports - ANNUAL REPORT (1998)Financial services
Accordingly, even though the standard contractual conditions regulating banks' relationships with shopkeepers and cardholders tended to limit competition, it was necessary to determine whether they were necessary to promote the use of the PagoBancomat service.
From this point of view, the system provided for in the agreement of charging different interbank commissions according to type of shop did not appear to be indispensable.
In the first place this practice might suggest that interbank commissions were not effectively cost oriented and secondly it might encourage banks themselves to differentiate between shops in a similar way.
www.agcm.it /agcm_eng/RELAZ/ANNRPT98.NSF/e2b875a66204ef5ac125650e004c6a40/ed7d745a1023bcccc12566c20036ccf3?OpenDocument   (1079 words)

  
 Foreign Exchange Buy Sell Currency Curency Currencies
All transactions are performed through secure encrypted lines through Schedule "A" banks only, including the SWIFT interbank network.
It does so through a newly designated secure IP network with ISO compliant message standards.
Our association with international bank networks such as SWIFT, make sure you can buy and sell currencies quickly and securely.
www.cambridgefx.com /foreign-exchange/secure_swift.html   (299 words)

  
 Planaxis.com
09 July 2003 - Interbank messaging network Swift is reporting a surge in delegate registrations for its annual operations forum Sibos in October following the removal of host nation Singapore from the list of SARS-afflicted countries.
Preparations for Sibos, the annual Swift user conference and exhibition which is scheduled to take place in Singapore in October this year, remain on course.
20 November 2002 - With the deadline for conversion to ISO 15022 message formats passed, interbank agency Swift says that 94% of securities traffic over its network is now compliant with the new standard.
www.planaxis.com /PlanaxisPortal?key=linklist&lng=fr-CA&page=industry.htm&cat=ind_categ_tech   (1587 words)

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