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Regulators haul ASX over the coals following batch settlement breakdown

Finextra

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (Asic) have expressed grave concerns about the management of operational risk at the country's leading stock exchange following a batch settlement failure in December last year.

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ASX responds to regulatory actions following Chess settlement glitch

Finextra

ASX confirms it has received a joint letter from the Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) outlining regulatory action following the CHESS batch settlement incident on 20 December 2024.

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ASX releases Chess settlement breakdown review

Finextra

ASX has today released an incident review to assist customers and stakeholders with a more detailed understanding of the CHESS Batch Settlement incident that occurred on Friday 20 December 2024.

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CoCoNet Partners With Raifeissen On B2B Payment, Cash Management

PYMNTS

One of those is real-time settlements, which have done away with the need for batch settlements of the past, PYMNTS reports. Switzerland has generally been ahead of the game in the world of digitizing payments, but other countries have begun looking at ways to speed things up.

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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

One of the biggest disruptions of the payments ecosystem as a result of the growing traction of digital assets and the ubiquity of real-time settlement will be felt by corporate treasurers, Long predicted.

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Ledgermatic To Boost Digitization Of Treasury Services

PYMNTS

Real-time settlements have done away with the need for the batch settlement, which had previously been the norm for treasury departments. PYMNTS writes that blockchain data has helped with storing data.

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Stay Aware and Protect Against Hidden Charges

Segpay

Costs for authorizations, captures, batch settlement entries, decline fees, and other lifecycle events nickel and dime merchants. Transaction Fees Often $0.10 – $0.25 per transaction, these fees originate from payment networks but disproportionately benefit processors.