Bitcoin recently took one step forward and one step back as one provider launched its first Bitcoin ATM in China, while another Bitcoin operator has been denied doing the same more than 4,700 miles away in Switzerland.
The Federal Reserve Bank of Philadelphia has promoted Michael Dotsey to senior vice president and director of research.
Ingo Money, an Atlanta-based technology and solutions provider, hired Dickson Chu as executive vice president, corporate development and chief product officer.
Mercator Advisory Group has appointed Tim Sloane vice president of payments innovation, and promoted Ben Jackson, formerly senior analyst, to director of the Prepaid Advisory Service.
Monitise plc has announced a series of updates to its executive leadership team and board of directors, including the appointment of Elizabeth Buse to co-CEO of Monitise Group.
In addition to being the 2014 Paybefore Awards Europe winner in the Consumer Champion category, paysafecard.com Wertkarten AG, which is part of the Skrill Group, also has been included in The New Economy’s list of top 40 most innovative companies in the world.
Des Moines, Iowa-based payments processor The Members Group and its sister company and credit card agent issuer TMG Financial Services received recognition from the Iowa Chapter of the American Marketing Association, both earning multiple NOVA Awards for excellence in marketing campaigns.
TSYS, a Columbus, Ga.-based processor, has named Walter Taylor group executive, chief procurement officer.
As the number of cybercrime incidents increases, financial institutions and their corporate customers should take renewed steps to protect their data – including using tokenisation and hosted payments pages, according to a new report by Chase Paymentech.
New financial management tools for American Express Serve and Bluebird GPR prepaid cards announced today likely will strike a chord with cardholders—many of which already are displaying positive financial behavior, according to the payments network.
With the Center for Financial Services Innovation ringing in its 10th anniversary this year, CFSI President and CEO Jennifer Tescher took a short walk down memory lane—but kept a sharp focus on the road ahead—in her keynote address yesterday at EMERGE: The Forum on Consumer Financial Services Innovation.
A rare chance to trim back certain redundant financial regulations that seem to spread like ivy has arrived.
Turkey’s largest investment bank Aktif has begun using international payment services from specialist Earthport, in a move the bank says will help its corporate and retail customers to get a better deal on their cross-border payments.
Switzerland’s SIX Group is planning to set up a central trade repository or derivatives transactions together with a group of Swiss banks, in a move the company says will increase transparency and traceability of derivatives transactions. The project is based on the Swiss Financial Market infrastructure Act, a new piece of federal legislation which seeks […]
Dutch bank ING has installed an enterprise data sharing solution for its fixed income traders in Amsterdam , which the bank’s head of fixed income trading likened to a “whiteboard in the sky”.
Canadian ‘challenger’ exchange Aequitas, which plans to favour long-term investors by discouraging HFT, has chosen a trading engine and several other tools from MillenniumIT, the Sri Lanka-based technology company owned by the London stock Exchange.
Standard Chartered Bank and Singaporean incumbent telecoms operator SingTel have launched a new mobile money service called Dash, in which customers can move money onto their mobile device and then use it to make payments without ever coming into a bank branch.
Visa isn’t waiting for regulators to help simplify prepaid products for consumers.
There may be one more round to go in the dispute between merchants and the Federal Reserve over interchange fees and debit routing requirements.
As speculation mounts around Apple’s plans for mobile payments and the tremors the company could create among mobile wallet providers, Apple might be prepping to launch its own digital currency.
We have the opportunity to make a difference, to be part of the process and to influence the outcome of prepaid regulations.
Citi has chosen the ‘headliner’ finalists for its mobile innovation competition in Latin America, the Mobile Challenge LatAm 2014, which aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.
Despite falling costs, banks are continuing to charge “unjustifiable” fees that rip off retailers and consumers as they move away from cash towards debit cards and other forms of payment, according to the British Retail Consortium’s Payments Survey for 2013.
Payments startups looking to get off the ground in the U.K. soon could gain support from a somewhat unexpected source: regulators.
Building on its experiences from the rollout of the South African Social Security Agency initiative in 2012, which provides millions of South Africans a secure way to receive social grants, MasterCard has announced the launch of a similar program in Pakistan.
While recent reports are showing a decline in cash transactions, convenience store and gas station owners can increase customer loyalty, foot traffic and sales by installing an ATM, according to a survey of consumer habits in the U.K.
The spread of m-POS platforms has accelerated the decline of cash, according to a new report revealing that the volume of cash used in POS transactions in the U.S. dropped 10 percent between 2012 and 2013.
Collateral management as it is currently known will no longer exist within a few years as increased regulatory demands, rising levels of automation and growth of industry tools to optimise collateral transform the industry, according to a new survey and report by Sapient Global Markets.
Kazakhstan’s Eurasian Bank has launched a mobile banking service which offers basic mobile banking features to Kazakh, Russian and English=speaking customers.
As Russia’s revitalised Moscow Exchange begins to command increased attention from global investment banks and hedge funds, a new direct market access service says it can unlock trading features that may not previously have been available to many international investors.
MasterCard is beefing up its cardholder security efforts, adding identity theft resolution assistance to all of its credit, debit, prepaid and small business cards issued in the U.S.
After revolutionizing payment card acceptance for small merchants, Square now is seeking to make waves in the cash advance arena.
Five months after UnionPay’s partnership with Rev Worldwide to expand its prepaid market opportunities globally, payment network UnionPay is spending a sizable chunk of change to promote card and mobile app usage for online purchases to cardholders within China.
Pre-trade risk and post-trade processing specialist Traiana has launched a new version of its CreditLink tool for credit derivatives, which it says will help buy-side firms to trade on swap execution facilities.
Citi has launched a new set of trading features and transaction cost analysis tools on its Citi Futures and Options Execution platform, which it says will help clients to gain clarity from their futures clearing merchants.
Online investment bank Saxo Bank has opened an office in Abu Dhabi to target demand for sophisticated financial services from the increasingly wealthy population of the United Arab Emirates.
As speculation grows that Apple will include NFC technology in its next-generation iPhone, another clue came to light last week, when the U.S. Patent & Trademark Office published a patent application filed by the company for an NFC antenna design
Mobile app providers might be overlooking a key demographic as they try to develop the right mix of form and function that will help their apps gain traction with a large population of consumers.
The Consumer Financial Protection Bureau could release its long-awaited rules for GPR prepaid cards next month.
U.K.-based Raphaels Bank has signed on to deliver what the bank is calling the first prepaid loyalty card program in the roadside recovery industry for the RAC, a British automobile association.
