Rust is gaining popularity due to its unique combination of performance, safety, and developer-friendly features. It’s a systems programming language designed to offer memory safety without the overhead of garbage collection, making it especially appealing for performance-critical applications like operating systems, web browsers, and embedded systems.
Payment technology. Credit cards, debit cards, prepaid cards. Electronic money. Interbank payments.
The Future of Card Payments: A Comparison of ISO 8583 and ISO 20022
In the realm of financial transactions, including card payments, two primary messaging standards coexist: ISO 8583 and ISO 20022. Each serves a critical role, but they differ significantly in structure, use cases, and capabilities. This article provides an overview of these differences to help you understand their respective strengths and applications.
ISO 8583: The Traditional...
Buy-Now Pay-Later (BNPL) explained
Buy-Now Pay-Later (BNPL) is a payment option that has grown in popularity in the UK over the past few years. It allows consumers to purchase goods and services upfront, and pay for them in instalments at a later date. This option has been particularly attractive to millennials and Gen Z who are looking for...
What is ISO20022
Introduction
ISO 20022 is the new ISO standard. It was developed and is maintained by ISO/TC 68, the ISO technical committee responsible for standardisation in the field of banking and other financial services. It describes metadata and shares repository that contains descriptions of messages and business processes.
The standard covers financial information transferred between financial institutions,...
FinTech industry in January 2022
What’s new in digital financial and banking areas in January 2022? Here are a few briefs:
Revolut rolled out its banking licence in ten more EU countries.
With its Lithuanian banking licence Revolut operates as a bank in Germany, Denmark, Netherlands, Sweden, Finland, Belgium, Spain, Iceland, Luxembourg and Lichtenstein since January 2022. Revolut launches its bank...