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Currently, domestic card transactions are routed through international payment gateways. .” ” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal.
Payment and banking solutions technology provider ACI Worldwide said on Wednesday (March 16) that it is linking up with Verifone, which provides payments and commerce solutions, to deliver what the two firms said is a “comprehensive pan-European card payments platform” tailored to Auchan Group, which is among the biggest food retailers in Europe.
To that end, the Fed held a webinar late last month titled “ Next Steps in the Payments Improvements Journey.”. Over the course of the next nine to 12 months, the Fed will be conducting a formal assessment of real-time settlement needs, with a focus on a retailpayments environment.
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