Senior financial industry executives have expressed disappointment at the failure of the US and European securities regulators to realise a deal over derivatives reforms and swap execution facilities, the new category of US execution venues brought in under the Dodd-Frank Act.
Trading firms need to upgrade their technology as often as every three months or face getting left behind by the ferocious pace of competition, according to specialists behind the HFT industry’s breakneck expansion into the world’s emerging markets and untamed asset classes.
A group of like-minded companies came together this summer to address the recent melee in payroll cards. The work is far from over, but their activity points to the power of pooling resources and relationships for real progress and impact.
Some European money transmitter companies are learning what insurance carriers from outside the US. learned years ago — the country is a nightmare of financial regulations that can differ sharply from state to state. And European companies that are doing business in individual states probably need a license from that state.
The European Commission has expressed concerns that the US government shutdown is preventing a deal between the EU and US regulator, just as new swaps rules come into force for firms based both inside and outside the US.
Millennial consumers present a wealth of opportunities for mobile payment providers and merchants, but the demographic is a demanding one, with several expectations that must be met by companies looking to gain a foothold with the segment.
VeriFone Systems Inc., a San Jose, Calif.-based payment solutions provider, announced that its board of directors has appointed Paul Galant CEO and member of the board of directors.
The NFC Forum, a nonprofit industry association supporting the use of near field communication technology, announced that Paula Hunter has been named executive director.
Meta Financial Group Inc., the holding company of MetaBank, has recently appointed Brad Hanson as president, Glen Herrick as executive vice president and chief financial officer, Ira Frericks as executive vice president and chief operating officer, and Ron Butterfield as executive vice president and chief administrative officer. Troy Moore will be taking on a new role as executive vice president of retail bank sales and operations.
Mercator Advisory Group recently announced several additions to the company.
InComm has been named the 2012 CVS Caremark Supplier Partner Award winner in the general merchandise category for its prepaid and payments products and services.
Billtrust, a Hamilton, N.J.-based provider of outsourced billing services, announced the addition of Ed Jordan as chief financial officer and Kirk Dauksavage as chief revenue officer.
As CFCT commissioner Scott O’ Malia calls for more time for SEF reforms to be implemented, senior market observers are concerned that the new rules will not only fail to meet their 2 October deadline, but will also hurt ordinary market participants and increase systemic risk rather than reduce it.
US based Pinnacle Bank has chosen to outsource its processing to Fiserv as part of its Precision bank platform, in a move the bank says will help it to scale and roll out new products including mobile banking, bill payment and checking. Based in the town of Elberton in the US state of Georgia, Pinnacle […]
Houston-based provider launches bill pay/mobile app combo as ‘ideal hook’ to establish customer relationship that expands to other financial services, including prepaid.
The partnerships banks are forming with financial technology suppliers today look very different than routine client-vendor relationships of past decades, and one of the most interesting aspects of the trend is how both sides are transforming each other.
Vantiv Inc., a Cincinnati-based payment processor, announced that Chief Financial Officer Mark Heimbouch received the Cincinnati Business Couriers’ 2013 CFO of the Year recognition in the public company category.
Think Finance, a Fort Worth, Texas-based developer of financial products for underbanked consumers, has named Craig A. Nies chief analytics officer.
SecureBuy, a Ridgeland, Miss.-based provider of fraud technology and commerce solutions and wholly owned subsidiary of SignatureLink Inc., announced that Christine Lee has joined its board of advisors.
Monitise plc has appointed Peter Ayliffe non-executive chairman.
Mercury Payment Systems, a Durango, Colo.-based payment processor, recently was recognized at the Retail Solutions Provider Association’s RetailNOW 2013 convention and expo with the RSPA 2013 Gold Medallion Award for vendor excellence and Best Electronic Payments/Financing Processor, while founders Jeff and Marc Katz were inducted into the RSPA Hall of Fame.
Heartland Payment Systems, a Princeton, N.J.-based merchant processor, has been named one of the top technology innovators in the U.S.
Global Payout Inc., a San Diego-based provider of electronic payment and prepaid card solutions, recently announced that its board of directors has appointed Bill Rochfort president of the company.
The Consumer Financial Protection Bureau recently announced that Steve Antonakes has been named deputy director of the agency.
Bank of America Merrill Lynch has named Percy Batliwalla global head of sales for large corporates and financial institutions, global transaction services.
US banks Clare Bank and Farmers Exchange Bank have chosen to install cloud-hosted core banking services from vendor Temenos, in a deal that the banks say will help them reduce costs and roll out products to customers more easily.
To drive customer education and engagement, financial services providers are applying the concepts of gaming—and it turns out a little fun can drive serious results.
The scoop on the hottest jobs in prepaid. Plus, how to attract (and keep) the best talent.
Prepaid card market growth slowed from 2011 to 2012 as a then-softening economy and compliance complexities finally caught up to the industry.
Transaction Wireless, a San Diego-based provider of cloud-based solutions for B2C and B2B gift cards, recently received the Incentive Gift Card Council’s ACE Award.
St. Paul, Minn.-based Sunrise Banks recently appointed Brian Tordsen executive vice president and director, national products group.
Sequent Software, a Redwood City, Calif.-based Trusted Service Manager software and services platform provider, announced that Lance Johnson has joined the executive team as chief security officer.
MasterCard has named Raja Rajamannar chief marketing officer, effective Sept. 9, 2013.
FIS, a Jacksonville, Fla.-based payments technology provider, has been named by Forbes Magazine as one of the most innovative companies in the world.
The Consumer Financial Protection Bureau recently named new senior staff in four divisions.
July 11, 2013 Another major piece of MCX’s jigsaw puzzle fell into place today with the announcement that payments technology provider FIS will provide the payments processing platform, including transaction routing and settlement, for the retail consortium’s evolving mobile commerce system. Jacksonville, Fla.-based FIS will execute mobile payments at participating retailer outlets in combination with […]
Ukash recently has undertaken a slate of major new initiatives, expanding its Paybefore Award-winning platform to offer a full spectrum of services to cash-preferred consumers.
Financial industry analysts have warned that investors should be careful about how they approach automated trading, following news that a trading error at Goldman Sachs lost the firm $100 million on Tuesday.
It’s time for the prepaid industry to once again innovate by embracing next-generation processing technology and creating new tools that help people improve their financial behavior.
Adding a savings tool to GPR cards drives usage and retention and helps cardholders get ahead.
