A new cloud-based payments validation, enrichment and account conversion service has been launched by UK start-up Apply Financial. Called Validate, the service enables banks, non-banking financial institutions, corporates and individuals transferring money internationally to check and validate that international payment details are correct.
UK Treasury officials and senior bank representatives showed diverging views over the future of retail banking at an event hosted by Experian in London yesterday, revealing differences of opinion about how best to reform the sector.
A new Liquidity Savings Mechanism for CHAPS clearing members is showing significant improvement in liquidity efficiency after its first two months of operation. Members of the CHAPS Clearing Company, the organisation responsible for the operation of the UK’s same-day high-value payment system, began using the new LSM in April. Developed by the Bank of England, […]
While the value of data has become increasingly clear to businesses in the wake of the financial crisis and subsequent regulatory and compliance initiatives across Europe, they are not yet reflecting data as a valued asset on their balance sheets.
Interdealer broker Tradition has released a new hybrid trading service for volatility futures, Volatis, which aims to improve transparency, liquidity and participation in volatility futures.
MoneyGram has forged a deal with European mobile telecom operator Lebara Mobile.
Strong customer authentication and account monitoring are keys to preventing tax refund/benefits fraud on prepaid cards. By Loraine DeBonis, Editor-in-Chief As identity theft increases in the digital age, fraud perpetrated with stolen identities has risen dramatically. And, tax refunds have become a target for fraudsters. Tax-related identity theft jumped more than 650 percent between 2008 and […]
The number of new financial services jobs available in London during May was 20% over the previous month and recruitment specialists say that the trend is upwards, but the number of new jobs in May was 59% down compared to the same period last year.
Just days before Apple’s annual Worldwide Developers Conference, which runs all this week in San Francisco, the U.S. Patent and Trademark Office (USPTO) has granted Apple another patent that could be a signal of what the tech giant is planning for mobile payments. The patent relates to a “method and system for managing credits […]
Green Dot Corp. will benefit from its exempt status from debit interchange caps by becoming the issuer of one of the largest GPR programs on the market—the Walmart MoneyCard. Green Dot Bank, which also serves as the issuer for Green Dot’s GPR cards, replaces GE Capital Retail Bank, which is bowing out of the relationship […]
New London derivatives market Nasdaq OMX NLX has partnered with technology specialist SuperDerivatives in a bid to ensure its pricing is as sound as possible, ahead of its looming battle to take business from its European derivatives rivals.
GFT Technologies has taken an 80% stake in Italian IT consultancy Sempla for an undisclosed cash sum. It has the option to acquire the remainder of the company after five years.
Nationwide Building Society has brought in a new tool from ATM maker NCR designed to protect its customers against card-skimming, a type of fraud in which criminals steal customer data from ATMs.
As new rules governing the central reporting of OTC derivatives take effect across the G20 nations, TriOptima, a subsidiary of broker ICAP, has said it will verify and reconcile OTC derivatives data from US post-trade utility the DTCC’s trade repository – making it the first provider to do so.
Nasdaq OMX plans to implement operational performance monitoring across its US trading platforms using software from Corvil. The CorvilNet performance monitoring system will provide the exchange group with the ability to simultaneously analyse activity at the network, application and trading layers. The information that is captured will allow it to alert for anomalies in real […]
During the opening keynote address at the Underbanked Financial Services Forum, which kicked off yesterday in Miami, CFSI President and CEO Jennifer Tescher suggested that conference attendees view themselves as being in the financial health business. Drawing heavily on analogies to the health care industry throughout her address, Tescher explained that the American psyche is […]
Dutch software company Bell ID has released a new tool that aims to simplify the provision of NFC mobile services, including mobile payment. The firm’s secure element in the cloud manages keys, certificates and NFC credentials in a remote environment rather than in the mobile device; the idea is to provide app issuers with the […]
The organization that stood out from the crowd in 2012 to make a positive, game-changing difference in the prepaid/emerging payments environment in a geographic region or globally. Best in Category: Rêv Worldwide Launched low-cost mobile card reader targeting 400 million SMEs in 12 countries, along with Brazil’s first GPR card and Mexico’s first mobile banking/prepaid […]
The retailer that has used prepaid most effectively to increase sales, promote its brand and/or extend convenience to customers. Best in Category: Walmart Prepaid Card Program Jason Marshall and Sabrina Chin, Walmart Aggressively promotes broadest assortment of innovative prepaid products at everyday low prices through extensive merchandising in the most valuable space in the […]
Brokers need to cut back costs radically, reducing staff numbers and even casting aside parts of their equity business that were once considered core, according to new research by analyst firm Celent.
In business more than 60 years, Minneapolis firm demonstrates the wisdom of smart growth and leveraging core competency to become a leader in innovative card printing.
Innovation in financial services is currently at a seven-year low, reflecting a period of cost-cutting and scaling back in the face of new financial regulation – but innovative new technologies such as mobile may provide a solution, according to law firm RPC.
An Interview with John Walsh, CEO, SightSpan Serving on a corporate board is a great honor and a great responsibility, especially for those involved in financial services organizations. Gone are the days when directors were management’s rubberstamp. And particularly since the global financial crisis of 2008, significantly more is expected of non-management corporate directors. Today’s […]
Heartland School Solutions, a division of Princeton, N.J.-based payments processor Heartland Payment Systems, has unveiled a new mobile app that enables parents of school-aged children to manage their kids’ lunch expenses via smartphone or tablet.
