Ken Harvey, the erstwhile HSBC group chief technology and services officer and group chief information officer, is to become chairman of CLS Group Holdings and CLS Bank International, succeeding Gerard Hartsink who will retire in October.
Bitcoin, gamification and Personal Financial Management are “generating more heat than light” in debates about the future of retail banking and banks should not be distracted from other major challenges including digital channels and legacy transformation.
Purchase, N.Y.-based Aurora Financial Systems Inc. announced that Tom Britz has joined the firm as senior vice president and general manager of the new corporate services division.
CardConnect, a Philadelphia-based payments technology company, announced that Jeffrey Shanahan, who has served as president of the company since 2008, has been appointed CEO.
Cryptomathic, an e-security solutions provider with offices in Europe and North America, has appointed Amru Kotb senior vice president.
Enacomm Inc., a Tulsa, Okla.-based provider of voice processing infrastructure, has hired David Anderson, who will serve as vice president and chief marketing officer.
Mercury Payment Systems LLC, Mercury Payment Systems, a Durango, Colo.-based payment processor, has appointed Andrew Patterson chief technology officer.
Mozido LLC, a startup that focuses on cloud-based, white-label mobile payments services for banks and merchants, has named Scott Sandlin president and a member of the board of directors.
Michael Mueller, co-founder and, for the last nine years, CEO of paysafecard group, has decided to leave the company board. Udo Mueller assumes the role of CEO.
Planet Payment Inc., a Long Beach, N.Y.-based payments processor, has appointed Carl J. Williams CEO.
The Japan Securities Clearing Corporation has gone live on a new system for client clearing of Japanese yen-denominated interest rate swaps and collateral management.
Poland’s Getin Bank has implemented biometric signature verification in a roll-out of unstaffed remote branches using Virtual Teller Machines under its Getin Point brand. The technology allows customers to carry out banking tasks that require a signature without having to go to a traditional branch.
The fight against fraudsters who attack prepaid cards is getting some major network muscle. Visa Inc. announced it has completed technical development on the first industry-wide prepaid database to detect and prevent fraud schemes that target prepaid cards.
Swift has announced the availability of a cloud-based application designed to eases the client onboarding process between financial institutions and their clients. First outlined at the Sibos 2012 event in Osaka, the MyStandards Readiness Portal, is backed by some big names in the business – HSBC, Citi and Clearstream spoke at a Standards Forum session […]
MasterCard has partnered with mobile technology specialist Syniverse under an audacious plan that aims at nothing less than “bringing mobile financial services to every single mobile user on the planet”.
Owners of the new Samsung Galaxy S5 smartphone soon will be able to make in-store payments via their PayPal accounts by just lifting—or rather, swiping—a finger.
Fraud associated with ACH transactions and wire transfers is on the rise, creating fresh challenges for financial institutions already grappling with higher risks from data breaches, malware and account hijacking, according to Fiserv.
Spanish financial services group BBVA has announced it is acquiring Paybefore Award-winning Simple, the Portland-Ore.-based digital banking company founded in 2009, for $117 million.
When upgraded public transit fare-payment systems went live recently in Chicago and Salt Lake City, contactless payment transactions soared into the millions.
The Tokyo Stock Exchange has begun offering latency performance management as a service to users of its Arrownet network, which the exchange says will help market participants gain deeper insights into the quality of their trading and market data communications between the TSE and their own systems.
Vienna’s Raiffeisen Bank International is to centralise reconciliation across six of its regional subsidiaries, in a move it says will lead to better automation and more efficient processing.
MasterCard has entered into an agreement to acquire Chicago-based mobile payment technology provider C-SAM.
The Nevada Gaming Commission has approved the use of prepaid cards for wagering on slot machines in the state.
Amazon has announced that customers in the U.S., U.K. and Germany now can use the e-retail giant’s Amazon Coins in-app currency on all Android-based smartphones and tablets.
Luxembourg telecoms company Millicom has launched an African cross-border mobile payments service in Rwanda and Tanzania, which it claims is the first to automatically include currency conversion.
Google has acquired Israeli startup SlickLogin, which has developed technology that uses high-frequency sound waves to authenticate user identity when logging into Websites.
With a growing number of U.S. employers offering their employees the option of payroll cards, the Network Branded Prepaid Card Association (NBPCA) has joined with consumer advocacy group Consumer Action to develop a pair of guides to help companies and employees learn about payroll cards, including how they work, options for accessing wages and how to avoid or limit fees.
The European Parliament’s ECON Committee today voted to endorse proposed amendments to the European Union’s “Payments Package” legislation, which includes the revised Payment Services Directive (PSD2) and the regulation on interchange fees for card-based payment transactions (MIF Regulation).
State Bank of India has chosen tools for its new Chinese branch in the northeastern port city of Tianjin from Wolters Kluwer, which it says will help the bank deal with China’s regulatory reporting requirements.
Spain’s CaixaBank has developed an application for Google Glass, the futuristic and controversial new technology that is set to bring augmented reality to the masses when it launches later this year.
Visa and MasterCard today announced plans to support Host Card Emulation, which enables storage of card credentials in the cloud, rather than using the secure element embedded in handsets, a move observers say could reignite prospects for NFC.
Mobile network operator Orange is launching its Paybefore Award-winning Orange Cash prepaid MasterCard in Spain.
EBA Clearing, the European payment services provider owned by 62 European banks, has reported that its MyBank Mandate pilot scheme, which allows online merchants, public institutions and utility companies in Europe to collect SEPA direct debits online, has passed the first and second phases of testing before it launches later this year.
Cross-border payments company Earthport has launched two new routes into Mexico and Colombia, as part of a drive to open up Latin America for faster, more efficient and transparent payments.
U.S. Bancorp and U.K.-based Monitise plc have partnered to launch a white-label mobile commerce platform dubbed Peri.
The Government Accountability Office is the latest government agency to scrutinize the increasingly popular campus-based debit and prepaid cards.
The Reserve Bank of India continues to encourage development of mobile banking across its nation, where 870 million consumers have a mobile handset but fewer than half of those have bank accounts.
Heartland Payment Systems, a Princeton, N.J.-based merchant processor, has hired Michael McMillan as chief branding officer.
Calpian Inc., a global processing and mobile payments technology company, announced that Money-on-Mobile, its India-based subsidiary and prepaid mobile payments company, has been recognized for “Excellence in Information Technology Service” by The Indian Merchants’ Chamber.
The Retail Gift Card Association, a trade association of closed-loop gift card retailers, has appointed Mary Donovan executive director, and named Kellen Company as the RGCA’s management firm.
