The regulator has made available a draft circular on the proposed guidelines for industry players to comment until Dec. 11.
The BSP said efficiency is the presence of quick and affordable payment means which are fit for the purpose of the transactions as well as the needs of the users and the participants.
In line with this, clearing switch operators (CSOs) are expected to design and implement effective and sound governance, including management of significant risks. They should also define and monitor measurable and achievable goals and key performance indicators, such as minimum service levels, risk-management expectations and business priorities.
CSOs should also ensure reliable and consistent service availability with prompt issue resolution, enable fair and open access of participating institutions to the system as well as facilitate and promote interoperability among the participating institutions.
Esta historia es de la edición November 13, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 13, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
David Pardo Ayala Moved to Manila with Knives, Cookbooks & a Heart Full of Love
While at the Culinary Institute of America in upstate New York over two decades ago, Colombian-born David Pardo Ayala met the love of his life, a Filipina named Gianella.
Lucky Dumpling opens at Hann Resorts
Ever been up to the Pampanga and Clark area and craved Chinese food? There is good news since Lucky Dumpling just opened at Hann Resorts in Clark and is a perfect place to have dim sum and Cantonese food for lunch or dinner, even if one is just passing by the area.
FROM LEGENDS TO CHART-TOPPERS: 2025 CONCERT LINEUP FOR EVERY MUSIC FAN
From Dionne Warwick to Boyz II Men, a bountiful lineup of nostalgia acts will be hitting the Philippine stage this year.
WHY STREAMING SERVICE MAX IS BETTING BIG ON FILIPINO VIEWERS
ONE OF THE BIGGEST HIGHLIGHTS OF THE LOCAL entertainment scene in the last quarter of 2024 was the entry of a new streaming service: Max. The platform, operated by Warner Bros. Discovery, brings together iconic brands such as HBO, Harry Potter, Cartoon Network and the DC Universe under one umbrella.
50th MMFF Extends Run Until Jan. 14 Due to 'Public Demand'
The 50th Metro Manila Film Festival (MMFF) is set to continue for an additional week due to \"insistent public demand.\"
Jollibee Takes Majority Control of Taiwan-Based Soup Brand
Asian food conglomerate Jollibee Foods Corp. (JFC) is boosting its position in the Chinese cuisine segment with the acquisition of a majority stake in a leading wellness soup brand in Taiwan.
DA funds to cushion impact of imports get substantial hike
Filipino farmers affected by imports, especially coffee and poultry producers, are expected to get at least a billion peso worth of support this year after the Department of Agriculture (DA) received an exponential increase in its earmarked fund meant to enhance farmers’ competitiveness.
The reality on the ground can damage reputation
Are we like goslings or baby geese that follow a mother goose wherever it goes? It appears that way, at least in my case.
MGen unit bags 600-MW gas project in Singapore
PacificLight Power Pte. Ltd. (PLP), controlled by Meralco PowerGen Corp. (MGen), has secured the right to build, own and operate a 600-megawatt gas plant in Singapore.
Market Stays Blemish-Free in 2025
The local stock market has kept its record blemish-free so far this year, extending its winning streak to three sessions ahead of the release of the country's December inflation data today.
