PayTech

BNP launches Liquidity Access

BNP Paribas Securities Services has launched Liquidity Access, a solution designed to help banks and broker dealers manage and monitor their liquid assets. The launch comes as various regulations, including Basel III and Dodd Frank, require market participants to hold more liquid assets, closely monitor their liquidity ratios and anticipate the evolution of their liquidity positions. Intraday liquidity management and reporting is likely to be a hot topic this week as the January 2015 deadline for Basel intraday liquidity reporting looms.

• 30th September 2014

A guiding light

Building a single regional market is a goal for many groups of nations; however Europe’s development of a single settlement platform is the only effort to come to fruition.

• 30th September 2014

Next out of the block

Forget Bitcoin, cryptographic payments networks will be the real game-changer, according to many people working in the payments world.

• 30th September 2014

The high cost of failure

Data in all its forms and access to it in real time is becoming ever more critical as financial institutions seek to manage myriad risks.

• 30th September 2014

The long arm of the law

Crypto and virtual currencies have garnered plenty of headlines in the past couple of years. Now financial regulators around the world are turning the spotlight on these instruments and attempting to bring them into the legal fold.

• 30th September 2014

EU Lawmakers Propose Tighter Regulations for Mobile Wallets (Sept. 29, 2014)

The Presidency of the Council of Ministers, the European Union law-making body, has recommended tightening regulations regarding customer authentication and protection of sensitive payment data related to mobile wallets, according to its recently released proposal of the revised Payment Services Directive.

• 29th September 2014

Emerchants Acquires Store Financial UK Arm for $21.7 Million (Sept. 29, 2014)

Australian prepaid provider Emerchants Ltd. has made a bold move into the European market, acquiring Store Financial Services UK for AUS$24.9 million (US$21.7 million).

• 29th September 2014

Bitcoin: Currency or Commodity? (Sept. 29, 2014)

The U.S. Commodity Futures Trading Commission will hold a public meeting next week to discuss Bitcoin and the CFTC’s jurisdiction regarding derivatives contracts that reference the decentralized digital currency.

• 29th September 2014

Changing the world

Change is a theme at this year’s Sibos. But what type of change? A cross-section of delegates discuss what they think will be the main disruptive forces in their part of the business.

• 29th September 2014

Clear2Pay Sibos14 Supplement One Payments World

Click to launch the full edition in a new window Online Publishing from YUDU

• 29th September 2014

A city that commands attention

One of the most attractive cities in the US, Boston is also steeped in history: get your walking shoes on and explore the many historical and culinary delights of the Sibos 2014 host city.

• 29th September 2014

Access all new areas

While mobile commerce and payments have been slow to take off in Western countries, the developing world has been stealing a march with innovative services and products.

• 29th September 2014

Silver linings

In early September, cloud computing stories finally became interesting as an apparent hacking attack on Apple’s iCloud released hundreds of photos of ‘celebrities’ in the nude. It was a perfect story for the mainstream media, combining celebrities with nudity and a bit of unintelligible (to them at least) technology thrown in for good measure. Among […]

• 29th September 2014

Blackhawk Network Acquiring Parago for $290M (Sept. 25, 2014)

Blackhawk Network (NASDAQ: HAWK and HAWKB) today announced it’s acquiring Dallas-based consumer incentives firm Parago Inc., continuing an acquisition streak that’s advancing the prepaid and payments network’s reach into new markets within the corporate and consumer incentive space.

• 25th September 2014

Green Dot Launches GoBank Checking Account Exclusively at Walmart (Sept. 25, 2014)

Green Dot Corp. (NYSE: GDOT) reinforced its position yesterday as a full-service financial products and services provider with the announcement of a nationwide rollout of GoBank, a checking account product available exclusively at U.S. Walmart stores.

• 25th September 2014

Show the Industry You’re a Winner; Submit Nominations for the 2015 Paybefore Awards (Sept. 24, 2014)

It’s time to pick your categories to win in Paybefore Awards 2015.

• 25th September 2014

Visa Boosts Technology Strategy with Recruitment, Tech Facility (Sept. 25, 2014)

Visa Inc. is bolstering its technology resources by creating 2,000 full-time technologist positions and opening a technology development center in India next year.

• 25th September 2014

MPIW Backs Tokenization, Calls for Coordination (Sept 25, 2014)

A key payments industry group is throwing its support behind tokenization—with a few caveats as to the hurdles that remain before broad industry adoption can occur, including coordinating different tokenization models.

• 25th September 2014

Clinkle a Clunker? (Sept. 25, 2014)

After three years in “stealth mode”—and $30 million in venture funding—once-hot mobile payments startup Clinkle has finally launched, but with a drastically scaled back platform.

• 25th September 2014

GAO: CFPB’s Data Collection Security Procedures Need Improvement (Sept. 25, 2014)

The Government Accountability Office (GAO) has determined that the CFPB must take additional measures to mitigate risk of “improper collection, use or release of consumer financial data,” according to a recently released report.

• 25th September 2014

Daily News at Sibos Photo Thursday 2 Oct 2014

• 25th September 2014

Daily News at Sibos Photo Wednesday 1 Oct 2014

• 25th September 2014

Daily News at Sibos Photo Tuesday 30 Sept 2014

• 25th September 2014

60 Minutes Skewers ‘Gov’t Bureaucracy’ on Tax Refund Fraud; Highlights Role of Prepaid (Sept. 23, 2014)

If you were watching 60 Minutes on Sunday night, your heart probably stopped during the story on “The Tax Refund Scam.”

• 23rd September 2014

Citi Mobile Challenge Launches to Fuel Innovation (Sept. 23, 2014)

Citi this week launched Citi Mobile Challenge, a global competition to facilitate new concepts among technology developers surrounding mobile banking and payments.

• 23rd September 2014

E-Payments Surge in Nigeria, but Challenges Remain (Sept. 23, 2014)

Electronic payments are growing fast in Nigeria, with the total volume of e-payments reaching a new high of N10.85 trillion (US$ 62.2 billion) in 2013, according to data from the country’s central bank.

• 23rd September 2014

Citi seeks developers in global mobile banking challenge

Citi has launched a global mobile challenge that it says will help to inspire technology developers to reimagine mobile banking and payments. The bank plans to host a series of events in Miami, New York and Silicon Valley in November, after which finalists will get the chance to bring their product to market with help from Citi.

• 23rd September 2014

‘Banking’ the Unbanked with Direct Express (Sept. 22, 2014)

The U.S. Department of the Treasury’s Direct Express Debit MasterCard program now serves nearly one-quarter of the nation’s entire unbanked population, a recent cardholder survey confirms.

• 22nd September 2014

Canada’s Supreme Court Raises BIG Federal Preemption Issue (Sept. 22, 2014)

Did Canada’s Supreme Court just create a significant regulatory issue for the country’s prepaid issuers? According to at least one prominent Canadian attorney who’s following the court’s decisions, it appears quite possible—although more investigation is needed.

• 22nd September 2014

Alibaba Sets Record with $25 Billion IPO (Sept. 22, 2014)

Last week’s initial public offering of Chinese e-commerce giant Alibaba Group exceeded even the outsized expectations of most observers, raising $25 billion and setting a new world record for an IPO.

• 22nd September 2014

Home Depot Says 56 Million Cards at Risk, Eliminates Responsible Malware (Sept. 22, 2014)

After Home Depot confirmed earlier this month it was the victim of a customer data breach affecting shoppers at its U.S. and Canadian stores, the home improvement retailer confirmed late last week that as many as 56 million payment cards are at risk.

• 22nd September 2014

Blog: ‘Banking’ the Unbanked with Direct Express

The U.S. Department of the Treasury’s Direct Express Debit MasterCard program now serves nearly one-quarter of the nation’s entire unbanked population, a recent cardholder survey confirms.

• 22nd September 2014

Russian Central Bank moves to restore trust as Swift rejects EU exclusion request

Russia’s Central Bank has revoked the licences of three banks as part of an effort to restore trust in the country’s banking system. The move comes as financial messaging network Swift stands defiant against a European Parliament resolution calling for the expulsion of Russia from the community.

• 22nd September 2014

BNP Paribas and SIX target Belgian payments “monopoly”

BNP Paribas and SIX Payment Services are planning to target merchants in Belgium with a new payments partnership, which they say will offer competition on payment terminals and acquiring services for the first time.

• 19th September 2014

Green Dot Nabs Tax Refund Processor for $320 Million (Sept. 18, 2014)

Green Dot Corp. has entered an agreement to acquire Santa Barbara Tax Products Group (TPG), the largest consumer tax refund processor in the U.S., for $320 million.

• 18th September 2014

Introducing Andrew Buckley, Head of Core Products for MasterCard in Europe (Sept. 18, 2014)

Paybefore was invited to sit down with Buckley, who joined the payments network 15 months ago, during MasterCard Europe’s prepaid conference, which concluded yesterday in Budapest.

• 18th September 2014

NGC Expands into Europe, Buys Majority Stake in Revive Prepaid Management (Sept. 18, 2014)

National Gift Card Corp. (NGC), a Crystal Lake, Ill.-based marketer and supplier of gift cards for use in loyalty, incentive and rewards programs, today announced it’s expanding operations, retail partners and customers to Europe.

• 18th September 2014

Simple Adds Touch ID, Support for Android Wear (Sept. 18, 2014)

Electronic banking provider Simple has added support for Apple’s Touch ID and Android wearable devices.

• 18th September 2014

People on the Move: Kirk Kordeleski, CO-OP Financial Services Board

Kirk Kordeleski, president and CEO of Long Island, N.Y.-based Bethpage Federal Credit Union, has been appointed to the CO-OP Financial Services Board of Directors.

• 17th September 2014

People on the Move: Jerry Uffner, FirstView Financial

FirstView Financial, an Atlanta-based provider of financial, mobile and payment technology solutions, has appointed Jerry Uffner president and CEO.

• 17th September 2014