Six to supply data for GBST financial transaction tax system
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.
Worldwide
RBS poaches Berndt from BAML to head global transaction services
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 […]
Green Dot’s GoBank Goes to Market with Optional Fee Intact (June 25, 2013)
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 […]
MasterCard Plants M-Payments Flag in Egypt (June 25, 2013)
Will Egypt be next to ignite an m-payments program for millions of unbanked consumers, similar to M-Pesa’s success in Kenya?
Barclays Readies ‘Buyit’ QR Code-Based M-Payment Service (June 25, 2013)
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 […]
Object Trading clients go live on new London derivatives market
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.
Cordray, NLRB Appointments in Supreme Court’s Hands (June 24, 2013)
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 […]
MasterCard Survey: European Consumers Say No to Cash for Holiday Spend (June 24, 2013)
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 […]
Government should push banking platform upgrades in wake of Treasury report say IT firms
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.
ISO 20022 – A Hero for Our Times
ISO 20022 has been hailed as the lingua franca in payments and securities for some years now. It offers great potential for re-engineering the payments industry, and for process improvement, but for a standard that promises so much it is still relatively unknown.
Keeping it simple: market data management made easy …
New York start-up Simplified Financial Information is piloting a market data analytics system prior to release later this summer.
Norwegian oil firm looks to leverage case-based analytics system for financial services
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.
Unlocking the mobile wallet
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.
2013 Paybefore Awards Europe: Most Innovative Prepaid Solution (June 2013)
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 […]
2013 Paybefore Awards Europe: Breakout Company of the Year (June 2013)
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.
Next level: the changing securities markets
The securities markets are changing rapidly in the face of regulation and technology shifts, and none more so than the fixed income markets.
2013 Paybefore Awards Europe: Outstanding Mobile Wallet or App (June 2013)
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 […]
2013 Paybefore Awards Europe: Best Consumer Value in Prepaid/Emerging Payments (June 2013)
The prepaid or emerging payments program or product that delivers the best consumer value proposition for the combination of features, functionality, service and price. Best-in-Category: paysafecard paysafecard, an e-voucher with 16-digit PIN, is sold in 450,000 retail locations, bringing e-commerce to cash customers in 29 European countries at no cost to the customer. paysafecard group […]
2013 Paybefore Awards Europe: Best Incentive, Reward, Rebate or Loyalty Card Program (June 2013)
Best use of a business- or corporate-funded prepaid card to deliver incentives, rewards or rebates to consumers to promote their loyal behavior. Best in Category: Western Union MyWU Prepaid Card Rewards customers for their prepaid transactions by giving them faster money transfers and special offers. The Western Union Company The Western Union […]
Research: Consumers Clamor for Gift Cards All Year Long (June 18, 2013)
Gift cards continue to get high marks from consumers who like to buy them and receive them, according to research released today by the Retail Gift Card Association (RGCA), a trade association of closed-loop gift card retailers.
Taiwan Continues to Develop M-Payments with Far EasTone Pilot (June 18, 2013)
June 18, 2013 Far EasTone Telecommunications Co., one of Taiwan’s largest telcos, is launching a mobile payments pilot in cooperation with Far Eastern International Bank and MasterCard. The program, scheduled to begin during the second half of 2013, will use near field communication (NFC) technology and be limited to mobile payments under NT$3,000 (US$100.37), according […]
Amazon.com Inc. Is Extending Its Gift Cards to Facebook (June 18, 2013)
Amazon.com Inc. is extending its gift cards to Facebook. The Seattle-based e-commerce giant today unveiled Amazon Birthday Gift, enabling users to surprise their friends on Facebook by purchasing a digital gift card that shows up on the recipient’s Facebook Timeline on his birthday. The social media multiplier effect: Any other friend can add funds to […]
Brokers need to focus on risk management says Tabb Group
Brokers will need to spend more on risk management over the remainder of 2013 if they are to survive incoming financial regulation and new technologies will be required to make that possible, according to new research by Tabb Group.
Innotribe names New York contenders for Sibos showdown
Innotribe, the Swift-backed initiative to enable collaborative innovation in financial services, has announced the names of the five contenders from the US leg of its annual Startup Challenge to compete at Sibos 2013 in Dubai in September.
Living wills: don’t lose the will to live
Changing EU rules suggest firms will face 2015 implementation confusion without co-ordination on Recovery and Resolution Procedure standards
UK Payments Council plans shared payments infrastructure
The UK Payments Council has published a ‘payments roadmap’, which sets out the steps that could help to build up a shared payments infrastructure in the UK.
U.K. Payments Council Maps Plan to Create 10-Year Industry ‘Roadmap’ (June 17, 2013)
June 17, 2013 The U.K. Payments Council hopes to map the future of its nation’s payment infrastructure by creating a roadmap for the next decade, drawing broad input from government, business, charity and consumer groups, the London-based organization announced today. In “Payments Roadmap—An Initial Report,” the council outlined an approach to nurturing development of the […]
The financial services production line: improving the customer journey
Customers expect their interactions to be as short, and as easy as possible, with a satisfactory outcome. This ideal customer experience can be achieved through a combination of the right strategy, the right resources, the right workforce skills and supporting tools and technology . But so many firms still fail to get it right
Lacking a legacy
Much has been said about the ‘bank 3.0’ landscape. We all now know that the Generation Y consumer, or the ‘digital native’ customer, demands a new type of banking. From online, anytime banking, to mobile payments, the face of banking is changing accordingly
