News


ANZ, Fiserv Extend Mobile Financial Services in Pacific Region (Aug. 1, 2013)

Aug. 1, 2013 Australia and New Zealand Banking Group (ANZ) now is providing mobile financial services to unbanked and underbanked consumers in Samoa, Vanuatu, Solomon Islands and Papua New Guinea, using Mobiliti Reach from Fiserv, a Brookfield, Wis.-based provider of financial services technology. Under ANZ’s goMoney brand, Mobiliti Reach enables consumers to send money to […]

APA, NCLC Show Support of Payroll Cards (Aug. 1, 2013)

Aug. 1, 2013 With prepaid payroll cards the subject of negative press and increasing regulatory scrutiny over the past several weeks, groups representing low-income consumers and payroll administrators have expressed support for the products, noting that payroll cards can offer unbanked workers an economical, safe and convenient way to receive their wages. In a release […]

Nasdaq FinQloud financial cloud expands with Jordan & Jordan

US consulting, market data and technology firm Jordan & Jordan has chosen to launch its execution compliance and surveillance service on Nasdaq OMX FinQloud, the cloud computing platform built for financial services and powered by Amazon Web Services.

LSE to supply new Argentine B&MA exchange technology

Argentina’s Caja de Valores central securities depository has chosen the London Stock Exchange to be its technology provider, as the depository gears up to support the country’s new Bolsa & Mercados Argentinos exchange.

RBS prepares for SEPA with Canada’s CGI Group

The Royal Bank of Scotland has chosen Canadian IT firm CGI Group to help its corporate clients manage the transition to SEPA, the European Union project to simplify bank transfers denominated in euros.

Survey: AML, OFAC Compliance Costs Rising for FIs Worldwide (July 2013)

By Kate Fitzgerald, Emerging Payments Editor  The cost of complying with anti-money laundering (AML) rules and requirements is rising, just as the expansion of related anti-bribery and corruption laws around the world is placing unique new demands on global financial organizations, according to a new survey. International banks are devoting more personnel, departmental resources and […]

Visa, MasterCard License EMV Technologies to Enable Debit Card Routing (July 30, 2013)

July 30, 2013 The U.S. migration to EMV chip cards reached another milestone today with the announcement by Visa Inc. and MasterCard Worldwide that the two networks will license their own EMV chip technologies to each other and other networks, to further enable efficient routing of U.S. chip debit transactions over multiple, unaffiliated networks. The […]

2PSD Draft Expands Regs, Raises Questions (July 30, 2013)

July 29, 2013 The long-awaited draft of the Second Payment Services Directive (2PSD) was released by the European Commission last week. The draft regulation is larger than the current regulation and includes several updates that could bring more businesses under its purview. The current PSD has 63 Recitals and 96 Articles, while 2PSD has an 11-page […]

Durbin, Welch Urge Fed to Follow Europe on Interchange Limits (July 30, 2013)

July 30, 2013 A pair of lawmakers is calling on the Federal Reserve to take into account interchange restrictions proposed by European regulators while it formulates its next biennial assessment of interchange fees in the U.S. In a letter to Federal Reserve Chairman Ben Bernanke last week, Sen. Dick Durbin (D-Ill.) and Rep. Peter Welch […]

Thailand Central Bank Bans Bitcoin (July 30, 2013)

July 30, 2013 Thailand’s central bank has effectively banned Bitcoin in the country by declaring it illegal to buy, sell or make purchases with the virtual currency, according to a Bitcoin exchange that had been seeking guidance from the bank. In a message on the Website of Bitcoin Co. Ltd., the Bangkok-based exchange said it […]

People on the Move: Board of Directors, SIMalliance (July 2013)

July 2013 SIMalliance, a London-based nonprofit trade association supporting the creation, deployment and management of secure mobile services and applications, has announced its board of directors for the next 12 months. The four permanent SIMalliance board seats, retained by the founding SIMalliance member organizations, will continue to be served by: Frédéric Vasnier, senior vice president, […]

People on the Move: Ian Horsted, R&P Group (July 2013)

July 2013 Ian Horsted has been awarded the “U.S. Recruiting Network, South Dakota, Top Producer” for the second quarter of 2013, according to R&P Group, a Sioux Falls, S.D.-based payment industry recruiting firm. Over the last seven years, Horsted has become a key partner at R&P as he identifies, evaluates and recruits potential candidates for […]

People on the Move: Raj Date, Prosper Marketplace Inc. (July 2013)

July 2013 Prosper Marketplace Inc., parent company of peer-to-peer lending marketplace Prosper Funding LLC, has announced that  Raj Date, former deputy director of the Consumer Financial Protection Bureau, has joined its board. Date is currently managing partner at Fenway Summer, a consumer finance advisory and investment firm based in Washington D.C. Before joining the federal […]

People on the Move: W. Alexander Hoffmann, MoneyGram International (July 2013)

July 2013 MoneyGram International has announced that W. Alexander Hoffmann has been appointed to the global money transfer company’s executive leadership team as senior vice president, global product management and emerging channels. He will lead MoneyGram’s global product portfolio, emerging channels and MoneyGram Online. He has 20 years of experience in payments and cards, online […]