Mandates and payments roundup, May 31

Pakistan's MCB Bank chooses a payments filtering solution from Logica, while SmartPay and AliPay receive payment licences in China.

Logica wins mandate from MCB Bank

Pakistan’s MCB Bank has implemented the payments filtering solution offered by business and technology services company Logica. According to Logica, the product called HotScan will help MCB Bank comply with new regulations and allows operations and compliance employees to focus on addressing other potential threats which will reduce operational costs.

“Levels of filtering required of banks will only increase further, due to more stringent regulatory...

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