People on the Move: Michael F. Jackson and Peter Reynolds, Fundtech
Fundtech, a Jersey City, N.J.-based provider of global transaction banking solutions, has hired Michael F. Jackson and Peter Reynolds.
Worldwide
People on the Move: GlobalPlatform, Board of Directors
GlobalPlatform, a nonprofit organization that standardizes managing applications on secure chip technology, has announced its board of directors for fiscal year 2014.
People on the Move: Matt Frye, Ingo Money
Ingo Money, an Atlanta-based technology and solutions provider, has hired Matt Frye as senior vice president and head of network sales.
People on the Move: Rebecca Polley, Traxpay
Traxpay, a Mountain View, Calif.-based financial transactions platform provider, has appointed Rebecca Polley chief financial officer.
FTC Calls for Legislative Help to Protect Data in Senate Subcommittee Hearing (Feb. 4, 2014)
Although the consensus in yesterday’s Senate subcommittee hearing on “Safeguarding Consumers’ Financial Data” seemed to be around the shared responsibility of all stakeholders, including government, to protect financial data, the FTC specifically called for legislative action.
NBPCA Issues Updated Guidance for AML Compliance (Feb. 4, 2014)
The Network Branded Prepaid Card Association (NBPCA) has released an updated version of its Recommended Practices for Anti-Money Laundering Compliance.
European Parliament Backs EC Proposal to Extend SEPA Deadline to Aug. 1 (Feb. 4, 2014)
The European Parliament this morning approved the European Commission’s proposal to extend the deadline for payments to comply with SEPA regulations to Aug. 1, 2014.
Australian Investment Firm Bets Big on Mint Wireless (Feb. 4, 2014)
Australia is lighting up as the next hotbed of m-POS activity as Mint Wireless makes key moves to target a fast-growing base of small businesses going mobile and Square Inc. reportedly is considering expansion Down Under.
Bloomberg adds Onetick CEP engine to Professional service
Bloomberg’s execution management system has begun using a complex event processing engine from tick data and analytics specialist OneMarketData to support its intra-day trading analytics.
InComm Data: Digital Gift Cards Strong in Holiday ’13 (Feb. 3, 2014)
Digital gift cards were a hot item during the 2013 holiday season and got even more popular than plastic as Christmas neared, according to data from prepaid services provider InComm.
RBC Launches Facebook-based P2P Service for iPhone (Feb. 3, 2014)
Could Royal Bank of Canada (RBC) make a breakthrough with P2P by making it a cinch to send funds to Facebook friends?
Dunkin’ Bolsters Closed-Loop Card, Mobile App with New Rewards Program (Feb. 3, 2014)
Dunkin’ Donuts has launched a new nationwide loyalty program enabling customers to earn points toward free beverages.
Latest Monitise Acquisition Accelerates Mobile Money Capabilities (Feb. 3, 2014)
Monitise plc has acquired Pozitron Yazilim A.S., an Istanbul-based, privately owned mobile technology company.
FIX adopts Market Model Typology as post-trade reporting standard
The Market Model Typology post-trade reporting standard has been adopted as a standard by the FIX Trading Community and is now available for adoption by all market participants, bringing the possibility of a European consolidated post-trade tape a step closer.
Social media matters says Thomson Reuters data chief
Helping traders to understand input from social media can be a key differentiating factor, according to Albert Lojko, head of content strategy, data management and delivery at Thomson Reuters.
Amazon Eyes P2P Payments and Physical Commerce (Jan. 30, 2014)
E-commerce behemoth Amazon isn’t satisfied with success in the digital world.
U.S. Bank Testing Voice-Based Biometrics for Mobile Financial Services (Jan. 30, 2014)
U.S. Bank is testing a voice-based biometrics mobile banking feature that could foreshadow the future of mobile payments if consumers warm up to it, Dominic Venturo, chief innovation officer at U.S. Bank, told attendees today at the Card Innovation Summit in Tempe, Ariz.
Service Gives Bitcoins for Starbucks Card Balances, New Virtual Currency Hits Market (Jan. 30, 2014)
Starbucks gift card holders now can redeem the unused balances on their cards for Bitcoin.
Senate Committee Sets Hearing on Consumer Data Security (Jan. 30, 2014)
The Senate Banking Committee will hold a hearing next week on safeguarding consumers’ financial information in the wake of recent data breaches at several major U.S. retailers.
A regulatory trigger for risk transformation
The Basel principles for effective risk management offer a chance to transform information management that should not be missed.
StoreFinancial Teams with Twins for RAN Gift Card (Jan. 28, 2014)
Pitchers and catchers might not report to spring training until mid-February, but StoreFinancial already is thinking about baseball.
BitInstant CEO Charged with Money Laundering in Silk Road Scheme (Jan. 28, 2014)
ederal prosecutors have charged the head of digital currency exchange BitInstant with conspiring to commit money laundering and operating an unlicensed money transmitting business.
Special Delivery? Agency Says Postal Service Should Consider Prepaid (Jan. 28, 2014)
The United States Postal Service’s Office of Inspector General has once again suggested that the Postal Service should consider providing financial products, including prepaid cards.
European Department Store Giant Goes Contactless (Jan. 28, 2014)
Madrid-based El Corte Inglés, Europe’s largest department store chain, this year plans to upgrade the majority of its POS terminals to accept contactless payments from NFC-enabled cards and handsets.
ISDA begins radical overhaul of ISDAFIX swap rates
The International Swaps and Derivatives Association has set a date for the first stage of sweeping changes to the ISDAFIX benchmark for annual swap rates, as part of a major global push to clean up rates and make them more accountable.
ITRS adds Murex capability to monitoring system
Trading system monitoring specialist ITRS Group has added a module to its Geneos system for the Murex cross-asset trading and risk management platform.
WSJ: Apple Laying Groundwork for Mobile Payments Platform (Jan. 27, 2014)
Apple Inc. is making plans to launch a mobile wallet service for its iPhone, iPad and iTunes users, according to a Jan. 24 Wall Street Journal report.
CFPB Looks to Supervise Largest Nonbank International Money Transfer Providers (Jan. 27, 2014)
The Consumer Financial Protection Bureau has proposed a rule it says would enable the agency to oversee larger, nonbank, international money transfer providers to ensure they are following the CFPB’s new protections for consumers sending money abroad.
Stripe Lands $80 Million in Funding, Now Valued at $1.75 Billion (Jan. 27, 2014)
Payments processor Stripe Inc. has secured $80 million in a new round of investment that valued the 4-year-old startup at $1.75 billion.
UnionPay Taps Rev for Global Prepaid Push (Jan. 27, 2014)
Austin, Texas-based prepaid processor Rev Worldwide has partnered with Chinese payment card giant UnionPay to “grow prepaid market opportunities around the world.”
How many sides can you put on a coin?
There are two sides to every coin, but with Bitcoin those sides simply could not be farther apart. Its promise is extraordinary: for those afraid of inflation, it is gold redux, while for those who hate exchange rates, it is a way to pay internationally. For merchants it is a way of avoiding high transaction fees and for former Presidential hopeful Ron Paul, it is the destruction of the US Dollar.
T-Mobile Enters Prepaid to Serve Unbanked Customers, Increase Stickiness (Jan. 23, 2014)
T-Mobile USA Inc. this week became the first major U.S. mobile carrier to enter the GPR prepaid arena with Mobile Money by T-Mobile, a new smartphone application and accompanying Visa prepaid card.
Report: New Case to Give iPhone Users Access to NFC, Isis (Jan. 23, 2014)
With the Isis mobile wallet now live across the U.S., iPhone users remain unable to use the wallet to make contactless in-store purchases due to the handset’s lack of NFC capability.
Toyota to Offer Mobile Car Payments through Pingit (Jan. 23, 2014)
Toyota owners in the U.K. can make car payments via mobile device, now that the automaker has signed on with the Barclays Pingit mobile payment app.
Virtual currency Ven takes on Bitcoin
A digital currency called Ven is poised to give alternative currency poster child Bitcoin a run for its virtual money.
Saxo Bank ‘likes’ social media trading
Denmark’s Saxo Bank has built an online social trading community called TradingFloor.com, which draws on social media concepts such as LinkedIn and blogging alongside Bloomberg/Reuters style market data and news in an attempt to make trading more ‘social’.
Blog: Intelligent Interactions Improve Customer Service, Boost Loyalty
While there are now a dozen ways to build and maintain relationships with customers, many organizations often still treat these channels as separate silos, creating a disjointed customer care experience. By sharing data across channels, you’re more likely to have less frustrated, more loyal customers.
UniRush Lands Industry Veteran Rick Savard
Recently minted CEO of UniRush LLC Rick Savard sees a bright future for the Cincinnati-based provider of the prepaid Visa RushCard.
People on the Move: Matt Rosenburg and Charles Potts, Ingo Money
Ingo Money has announced Matt Rosenburg as the Atlanta-based technology and solutions provider’s chief information officer.
People on the Move: Todd Anderson, GiftCards.com
GiftCards.com, a subsidiary of Pittsburgh-based Wolfe LLC, has appointed Todd Anderson general counsel.
