June 27, 2013 As more U.S. card issuers solidify their plans to migrate to the EMV chip-card standard by October 2015, the estimated cost of the effort is settling in at $10 billion to $11 billion, according to a new report from Aite Group. Most U.S. issuers will launch with chip cards requiring only a […]
June 27, 2013 Lloyds Bank is entering the mobile POS market via a new deal with Monitise plc under which the U.K. bank will sell Monitise’s card acceptance technology to small businesses and micro-merchants. The companies will begin offering “a suite of mobile payments products” beginning this fall, with Monitise’s technology also serving as the […]
June 27, 2013 Christmas is coming early for children in the U.K., who have the chance to see their own gift card design in stores this holiday season. The UK Gift Card and Voucher Association (UKGCVA), the trade body representing the U.K.’s £4.7 billion voucher, gift card and stored value solutions industry, has launched a […]
BNP Paribas Securities Services has added Collateral Access, an integrated and comprehensive collateral management system for both buy-side and sell-side clients.
Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of asset management fee calculation, billing, and revenue and expense management solutions.
June 26, 2013 MasterCard Worldwide, looking to extend its MasterPass e-commerce checkout service to merchants on a mass basis, today announced a partnership with online retail services provider Web.com Group Inc., making MasterPass immediately available to tens of thousands of small-business merchants. Web.com, which has about 3 million small-business customers, now bundles MasterPass e-commerce checkout […]
June 26, 2013 Square Inc. hopes to give a boost to micro-merchants that have traditionally sold items face to face as they move into e-commerce through its new Square Market, which the San Francisco company unveiled this week. Targeting local merchants selling items online for the first time, Square Market provides an easy path for […]
June 26, 2013 Using prepaid cards for benefit payments to individuals can help reduce costs for government agencies as well as recipients, according to a new report by the Association of Government Accountants (AGA). The study was conducted by the AGA’s Corporate Partners Advisory Group (CPAG) research project, sponsored by Visa. The report was based […]
June 26, 2013 Self-policing, self-reporting, remediation and cooperation are four factors which the Consumer Financial Protection Bureau (CFPB) will take into account when deciding whether some form of mitigation credit is warranted in an enforcement investigation, according to a new bulletin issued by the agency. However, those seeking such credit need to go well above […]
GBST‘s Capital Markets and Six Financial Information have teamed up to enhance GBST´s solution for the Financial Transaction Tax that some European countries are introducing.
RBS has hired Carole Berndt as global head of transaction services. Berndt has been EMEA head of transaction banking at Bank of America Merrill Lynch for the past three years. She will be based in London and report to John Owen, chief executive, International Banking, at RBS, who said: “I am delighted to welcome Carole […]
June 25, 2013 Green Dot Corp. is taking the “name your price” feature to financial services as it rolls out its GoBank mobile banking solution nationwide today. Since its January unveiling, GoBank has been in beta testing with a group of invited consumers. Now anyone can sign up for the service at GoBank.com or by […]
Will Egypt be next to ignite an m-payments program for millions of unbanked consumers, similar to M-Pesa’s success in Kenya?
June 25, 2013 Barclays is taking contactless payment in a new direction with a service enabling users to make payments directly from their bank accounts by tapping their phones on QR codes on billboards, magazine ads and other printed items, potentially including routine bill payments. Harnessing the Barclays Pingit mobile payments app, the new Buyit […]
Direct market access provider Object Trading has connected its clients to Nasdaq OMX NLX, the newly launched London derivatives market, and they have begun live trading.
The U.S. Supreme Court this morning decided to hear the case of National Labor Relations Board v. Noel Canning. Hanging in the balance is the legal validity not only of appointments made by President Barack Obama to fill NLRB vacancies, but the appointment of Richard Cordray to the Consumer Financial Protection Bureau (CFPB). A ruling […]
Click here for larger PDF version. June 24, 2013 More Europeans are pulling out cards instead of cash while on holiday, according to new research from MasterCard. The online survey of 3,310 consumers in eight countries—Spain, Italy, Germany, Sweden, U.K., France, Poland and Ukraine—found that consumers prefer having their debit or credit cards on hand […]
Reaction to the publication of the Report of the Parliamentary Commission on Banking Standards earlier this week focussed largely on the restrictions that senior management in banks, but it also made recommendations about the systems banks use, and the need to upgrade them.
Spanish bank Sabadell has released a mobile app that lets consumers withdraw cash without a debit card.
Union Bank of Taiwan has signed up with global fund transaction network Calastone to automate its offshore fund transactions through the new Taiwan Depository and Clearing Corporation fund service.
the US Securities and Exchange Commission says that its cloud-based approach is paying dividends and allowing it to examine the structures of the markets it supervises at a greater level of granularity than ever before.
New York start-up Simplified Financial Information is piloting a market data analytics system prior to release later this summer.
Case-based reasoning tools developed for the oil industry are being re-engineered for financial markets by a new division of the Swedish firm Verdande Technology with the intention of creating a systems monitoring tool for trading firms.
Next Bank Madrid has chosen the finalists for a competition that seeks to find the best financial services startup companies from the Spanish and Portuguese speaking world.
Speakers at the Digital Services Conference hosted by Informa in London on Tuesday expressed frustration at the lack of progress made by mobile wallets in the UK and called for more innovative solutions to bypass the impasse.
Most innovative network branded, closed-loop or RAN prepaid or emerging payments program. Best in Category: Bratislava City Card First-to-market integrated prepaid solution loaded with municipal and commercial advantages for residents that includes open- and closed-loop applications. First Data Slovakia’s capital of Bratislava pulled off a great technological leap forward with the introduction of a […]
The organization that stood out from the crowd in 2012 to make a positive, game-changing difference in the prepaid and/or emerging payments environment in the U.K. and Europe.
By Bill Grabarek, Senior Editor Reading between the lines of announcements from Apple Inc. to anticipate the technology titan’s next moves not only keeps analysts busy and consumers guessing, it has spawned entire Websites devoted to scrutinizing everything the company says and does. This isn’t to imply Apple doesn’t excel at effective self-promotion, but the company […]
Financial services observers have expressed support for the UK Payments Council’s new roadmap – but serious concerns remain about the viability of the proposals, which are backed by the UK government as part of a drive to improve services for consumers.
The in-market mobile wallet or mobile application that (1) provides end users with value-added features and/or enhances payment capabilities, user decision-making or loyalty, and (2) provides retailers with a strong value proposition. Best in Category: O2 Wallet Open to customers of any bank or MNO who want to shop, send money, compare prices and receive […]
Plastyc Inc., a New York City-based prepaid debit card provider, recently announced it is doing business as Banking Up. The name change was in conjunction with the launch of Banking Up, a personal finance platform enabling banks and businesses to provide customers with an alternative to traditional checking accounts. Plastyc, which announced last year that […]
