Digital Gifting’s Top 5 (Oct. 2, 2014)
Digital gifting has become a cornerstone feature for many retailers—but a few merchants are going above and beyond what have become standard features and functionality.
Digital gifting has become a cornerstone feature for many retailers—but a few merchants are going above and beyond what have become standard features and functionality.
MasterCard has launched SafetyNet, a global tool for banks and processors to mitigate the risks of cyber hacking.
A segment of tech-savvy, mobile-minded consumers comprising more than $1 trillion in deposits could represent a major opportunity for FIs, according to a new report.
Ray Iglesias has come into his own. As CEO of Ubiquity Global Services, he has stepped out of the shadows to take center stage and with it his dream job.
Microsoft has begun a joint pilot project with the Financial Services Information Sharing and Analysis Centre (FS-Isac) to tackle financially-motivated cyber crime attacks, which are estimated to cost $100 billion a year in the US alone.
New York, NY– October 1, 2014 – marcus evans, the world’s largest event management group, will host the Economic Capital Modeling and Management in Insurance 2014 Forum on November 18-19, 2014 in New York, NY. As risk assessment strategies become more aligned with business objectives and regulators grow increasingly interested in that integration, risk management executives and actuarial professionals alike have been tasked with designing frameworks capable of holistically managing enterprise risk.
The Bitcoin Foundation has retained Monica Monaco, founder and managing director of Trust EU Affairs, to assist with outreach to political leaders and policymakers in the European Union.
Apple Europe has hired Mary Carol Harris to lead the company’s mobile payments efforts in the region.
eBay Inc. announced that Dan Schulman has joined PayPal as president, effectively immediately, and he will become PayPal CEO after PayPal and eBay are separated next year into independent, publicly traded companies. eBay Inc. also announced that Devin Wenig, president of eBay Marketplaces, will become CEO of eBay in 2015.
Mercator Advisory Group has hired Richard A. Hall as head of its Commercial and Enterprise Payments Advisory Service.
In partnership with the U.S. Government, the North Carolina Secretary of State has requested that John Walsh, SightSpan CEO and president, provide counterterrorist financing training to government officials from Moldova.
Skrill, provider of online payment technologies to merchants and consumers, has appointed Christopher Russell CEO of Skrill USA Inc.
Softcard has extended its reach to the self-serve laundry business.
Noncash payments are estimated to have increased by 9.4 percent last year, reaching 366 billion transactions, according to a new report from Capgemini and Royal Bank of Scotland.
Large retailers and financial institutions aren’t the only victims of fraudsters on the prowl for payment card data.
The Depository Trust & Clearing Corporation (DTCC) and Euroclear have taken the first steps towards the creation of a global collateral processing utility with the announcement that they plan to create a UK-based joint venture, DTCC-Euroclear Global Collateral.
Argentina’s Banco Macro will use the Mambu cloud as the basis for a new business unit, which will offer loans to micro-enterprises and small businesses. The aim is to provide a lifeline to areas that have historically lacked access to financial services.
The US Federal Reserve Banks have begun planning for a faster payments system in the US, following research that found US consumers favoured such a system and would be willing to pay more for it.
eBay Inc.’s board of directors will separate the online auction Website from subsidiary PayPal next year, making two independent, publicly traded companies.
Technologies from Card Compliant aim to help prepaid issuers manage the regulatory and compliance challenges presented by accounting standards and escheatment requirements.
Prepaid product and technology provider InComm has partnered with Merchant Customer Exchange (MCX), the retailer-led consortium that recently unveiled its new mobile payments network, CurrentC.
Minneapolis-based remote deposit capture specialist Cachet Financial Solutions has expanded its partnership with Ingo Money Inc.
The financial industry must work with regulators, market infrastructures and among itself to address the major issues it faces says Jamie Forese, co-president of Citi and chief executive of Citi Institutional Clients Group, during the opening plenary address at Sibos in Boston: “Perhaps the most important issue on which we must work together is encouraging regulators to build a coherent, consistent and unified regime of global financial regulation. We can’t build it ourselves; our role must be as advocates and as advocates we need to speak with one clear and consistent voice.”
The Presidency of the Council of Ministers, the European Union law-making body, has recommended tightening regulations regarding customer authentication and protection of sensitive payment data related to mobile wallets, according to its recently released proposal of the revised Payment Services Directive.
Australian prepaid provider Emerchants Ltd. has made a bold move into the European market, acquiring Store Financial Services UK for AUS$24.9 million (US$21.7 million).
The U.S. Commodity Futures Trading Commission will hold a public meeting next week to discuss Bitcoin and the CFTC’s jurisdiction regarding derivatives contracts that reference the decentralized digital currency.
Banks from as far afield as Brazil, New Zealand and Singapore are among the candidates on the shortlist for the Banking Technology 2014 Awards, announced today, showing the continuing competitive edge regional institutions are gaining over the large international players through technology.
A sustained rally in frontier markets is leading an expansion of size and liquidity as investors seek opportunities that are not available in the developed or emerging markets, according to a new report by research house Aite.
Blackhawk Network (NASDAQ: HAWK and HAWKB) today announced it’s acquiring Dallas-based consumer incentives firm Parago Inc., continuing an acquisition streak that’s advancing the prepaid and payments network’s reach into new markets within the corporate and consumer incentive space.
Green Dot Corp. (NYSE: GDOT) reinforced its position yesterday as a full-service financial products and services provider with the announcement of a nationwide rollout of GoBank, a checking account product available exclusively at U.S. Walmart stores.
It’s time to pick your categories to win in Paybefore Awards 2015.
Visa Inc. is bolstering its technology resources by creating 2,000 full-time technologist positions and opening a technology development center in India next year.
A key payments industry group is throwing its support behind tokenization—with a few caveats as to the hurdles that remain before broad industry adoption can occur, including coordinating different tokenization models.
After three years in “stealth mode”—and $30 million in venture funding—once-hot mobile payments startup Clinkle has finally launched, but with a drastically scaled back platform.
The Government Accountability Office (GAO) has determined that the CFPB must take additional measures to mitigate risk of “improper collection, use or release of consumer financial data,” according to a recently released report.
India’s ICICI Bank has launched four new mobile banking apps, as part of a drive to adopt digital channels and spread into India’s vast rural hinterland.
Swiss post-trade company SIX Securities Services has allied with Belgium’s Euroclear Bank in a deal aimed at Swiss private banks and their high net worth customers.
The Securities and Exchange Commission has stepped up its drive to monitor and enforce the financial markets by implementing new surveillance tools to examine and inspect reconciliations. The deal comes as the US regulator charges Barclays with failing to build adequate compliance systems and the bank suffers a fine in the UK.
If you were watching 60 Minutes on Sunday night, your heart probably stopped during the story on “The Tax Refund Scam.”
Citi this week launched Citi Mobile Challenge, a global competition to facilitate new concepts among technology developers surrounding mobile banking and payments.