New utility and other bills payment collection standard opens possibilities for companies to collect payments more effectively

New utility and other bills payment collection standard opens possibilities for companies to collect payments more effectively
July 19, 2016 Payment service providers and companies collecting funds under special payment forms via internet banking will be able to act more effectively by using a new utility and other bills payment collection standard announced by the Lithuanian Standards Board. The standardised solution approved will not only help ensure compliance with legislative requirements but provide additional benefits for companies as well...

Restructuring of credit union sector to begin with transparency test: asset quality of all credit unions will be subject to review

Restructuring of credit union sector to begin with transparency test: asset quality of all credit unions will be subject to review
July 18, 2016 An asset quality review of all credit unions operating in Lithuania will be conducted by the end of this year; by the end of next year, their capital, self-regulation and cooperation will be strengthened, and a new system will be launched in 2018. In order for credit unions...

Basic payment services fees to be limited already early next year

Basic payment services fees to be limited already early next year
July 15, 2016 Amended provisions of the Law on Payments obligate banks and  credit unions to offer a basic payment account with basic payment services already in February next year. The price of the basic services basket will be limited. The price threshold and the composition of the basket will be set by the Bank of Lithuania...
Event calendar:
  • Mo18
  • Tu19
  • We20
  • Th21
  • Fr22
  • Sa23
  • Su24
  • Mo25
  • Tu26
  • We27
  • Th28
  • Fr29
  • Sa30
  • Su31
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