News


eToro prepares to bring social investing to Britain

Social investment network eToro is to open up shop in the UK, having won approval from new regulator the FCA this month. Founded in 2007, eToro is a social trading network that aims to revolutionise the way retail investors and high net-worth individuals connect with the market.

2013 Paybefore Awards: Best Non-U.S.-Based Program (May 2013)

 Best prepaid or emerging payments program launched and operated by a non-U.S. company outside the U.S. Best in Category: Power to Pay Program Power to Pay NFC tags for mobile phones were developed exclusively for IIT Bombay students and faculty and can be used at select campus outlets for day-to-day purchases via the RuPay payments […]

2013 Paybefore Awards: Best Consumer Value (May 2013)

The prepaid or emerging payments program that delivers the best consumer value proposition for the combination of features, functionality, service and price. Best-in-Category: BlackboardPay An open-loop, FDIC-insured prepaid account that can be integrated with a student ID card to facilitate disbursement of financial aid and student payroll, and providing access to 50,000-plus surcharge-free ATMs, free […]

2013 Paybefore Awards: Best Retail Merchandising (May 2013)

Best use of in-store merchandising to promote the sale, use and acceptance of prepaid cards and/or emerging payments products. Best-in-Category: Green Dot Retail Marketing  Comprehensive program of permanent and promotional merchandising that enabled smaller chains to participate, drove significant ROI and addressed cardholder behavior, such as usage and retention. Green Dot Corporation     Left […]

Italy’s SIA set to connect to New York as recovery plan bears fruit

Milan-based financial technology firm SIA is expanding its reach to New York later this year in a move that caps the latest-phase of a three-year recovery plan for the firm. The extension of SIA’s Financial Ring to New York follows that activation of a hub in Frankfurt is the third cornerstone, after Milan and London, […]

RBC, Bell Team Up on Mobile Payments (May 14, 2013)

Royal Bank of Canada (RBC) has teamed up with telecom provider Bell Canada to announce a new mobile payment system that will enable RBC customers to make purchases online and in stores using NFC-compatible smartphones on Bell’s mobile network.

DTCC and Euroclear target collateral shortfall

US post-trade services company the DTCC and Belgian settlement specialist Euroclear are planning to create a joint service that aims to provide better, safer collateral management for market participants.

Can branches survive in a cashless future?

Two different visions of the future of retail financial services did battle at the Building Societies Association annual conference in Harrogate this week , revealing a dilemma facing UK building societies.

People on the Move: Martin Wong and Marcella Butler, Think Finance (May 2013 )

Think Finance, a Fort Worth, Texas-based developer of financial products for underbanked consumers, has named Martin Wong as the company’s first chief integrity officer. He will oversee the company’s compliance with all state and federal laws and will be responsible for ensuring Think Finance offers clear, transparent and fair products in the industry. Wong joins […]

People on the Move: Alex Petrov, Square Inc. (May 2013)

Square Inc., a San Francisco-based mobile payments company, has hired Alex Petrov as vice president of partnerships. His extensive background in retail, consumer products and payments will help drive strategic business development and customer acquisition, according to the company. He has served as vice president of consumer brands at Safeway, and as vice president of […]

People on the Move: Kim Petry, SpendSmart (May 2013)

Paybefore Award-winning SpendSmart (formerly BillMyParents), a San Diego-based provider of payment solutions targeted to teens, young adults and their parents, has appointed Kim Petry chief financial officer. Previously, Petry was vice president and chief financial officer, global corporate/commercial card, at American Express. Prior to American Express, she served as a vice president at TIAA-CREF Life […]

People on the Move: Roland Schaar, Skrill Group (May 2013)

Skrill Group, one of Europe’s largest payment providers, has appointed Roland Schaar senior vice president of technology. He has more than 17 years of experience in the IT industry and 13 years in the financial payments sector. He recently joined the company following Skrill’s acquisition of paysafecard, the Austrian prepaid payments business, where he was, […]