Banking and Payment Processing Systems

There has been a growth in online services which facilitate buying online for consumers, leading to an increase in credit card fraud and identity theft. The information required to complete online transactions is sufficiently personal and sensitive that a set of Security Standards has been implemented in order to protect it - the Payment Card Industry Data Security Standard.

The Faster Payments Service was commissioned by APACS to enable balance transfers in near-real time. This White Paper looks at the impact this will have on IT systems and discusses the approach organizations must take to ensure successful participation in the scheme.