The Hottest Payments Topics of 2012 (January 2013)
January 2013 By Bill Grabarek, Senior Editor If anyone thought last year couldn’t compare with the events of 2011, they quickly were proved wrong as 2012 turned out to be every bit as transformational. In the U.S. market, we saw a fledgling federal watchdog agency, the Consumer Financial Protection Bureau (CFPB), go from crawling […]
EC acceptance of Thomson Reuters’ proposals on RIC re-use frees data users
Data users wanting to use Reuters Instrument Codes to access data carried on consolidated data feeds from other information providers will be able to do so following the resolution of a European Commission investigation into whether Thomson Reuters was abusing its monopoly position.
MasterCard signs 10 PSPs for PayPass Online
Ten UK payment service providers have committed to MasterCard’s PayPass Online by MasterCard, part of PayPass Wallet Services, allowing them to accept electronic payments across multiple channels.
Man Group goes live with Swift’s global ETC messaging service
Alternative investment management firm Man Group has gone live with Swift’s Global Electronic Trade Confirmation messaging service, and successfully confirmed its first trades with Morgan Stanley using the Cor Financial Salerio post-trade management service.
Payza Launches New Remittance Service in Bangladesh (Dec. 20, 2012)
Dec. 20, 2012 A new money transfer service from online payment platform Payza will enable Bangladeshis living in the U.S. to quickly and easily send money to relatives and friends back home. With its new SimplySendBD service, Payza aims to capture a piece of the $14 billion annual Bangladeshi remittance market—and establish a successful template […]
Banco do Brasil and i2c Team Up to Launch Prepaid Cards for Brazilians Living Abroad (Dec. 20, 2012)
Dec. 20, 2012 A division of Banco do Brasil, the largest bank in Brazil, is gearing up to launch a reloadable prepaid card targeting Brazilians living abroad through a new agreement with i2c Inc., the payments processing and emerging commerce technology provider. The collaboration between Banco do Brasil Americas and i2c is part of a […]
BMO Seals Deal with Monitise to Enhance Mobile Banking, Payments Services (Dec. 20, 2012)
December 20, 2012 Canada’s mobile payments offerings continue to multiply. BMO Bank of Montreal is poised to boost its mobile banking and payments offerings through a strategic alliance with London-based Monitise plc to develop a range of new smartphone applications, mobile Web offerings and text-notification services for online and mobile banking. The deal builds on […]
SumUp Mobile POS Device Available in 10 European Markets (Dec. 20, 2012)
Dec. 20, 2012 In a highly competitive European market, SumUp, a London-based provider of mobile POS card readers, has expanded its reach to 10 markets with recent product launches in Belgium, France and Portugal. SumUp enables merchants to accept debit and credit card payments using their smartphones and tablets as a POS device. SumUp is capable […]
NY opening for Consult Hyperion
Electronic transaction specialist Consult Hyperion has opened a New York office. Lanny Byers and Howard Hall will serve as co-managing directors, reporting to chief executive Neil McEvoy.
Industry welcomes attempt to clarify alternative investment regulations
Further clarification on the European Union’s Alternative Investment Fund Managers’ Directive, due to come into force in July next year, has been welcomed by the Alternative Investment Management Association, the global hedge fund association.
SK signs with First Data for card processing in Poland
SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.
First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.
Doomed NFC Debate ‘Will Slowly Die’ Next Year, PayPal President Predicts (Dec. 18, 2012)
Dec. 18, 2012 The bold prediction this week by PayPal’s president David Marcus that NFC will fail to gain adoption and “the NFC payments debate will slowly die in 2013” is touching off fresh arguments as payments industry execs head to office holiday parties. In a Dec. 17 blog post, Marcus explained why he doubts […]
Russian Bank Looks to Grow via Prepaid Cards (Dec. 18, 2012)
Dec. 18, 2012 In a bid to serve a growing market demand and increase its customer base, Russia’s Svyaznoy Bank will issue its first large-scale prepaid card, the bank announced this week. The card will be available in versions branded by MasterCard and Visa, with Gemalto providing deployment and other card services. Svyaznoy already is […]
VeriFone Inks NFC, Mobile Marketing Deal in China (Dec. 18, 2012)
Dec. 18, 2012 On the heels of announcing it would cease marketing its mobile POS system directly to merchants, electronic payments service provider VeriFone Systems Inc. has signed a deal to provide NFC payments and mobile marketing in the city of Shen Yang, China. Under the new partnership with China Mobile and Bank of China, […]
FDIC Report: Mobile Payments Could Threaten Banks’ Security, Market Share (Dec. 18, 2012)
Dec. 18, 2012 Mobile payments could present serious security and competitive threats to financial institutions and other established payments industry players, according to a new FDIC report. In the latest edition of its semi-annual publication “Supervisory Insights,” a team of senior FDIC researchers explained that if consumers adopt mobile payments widely, nonbank players with little […]
In ‘War against Cash,’ MasterCard Takes Fight to Brazil with New Mobile Service (December 2012)
December 2012 By Adam Perrotta, Assistant Editor When MasterCard and global mobile carrier Telefónica joined forces to bring mobile financial services to 12 South American countries in early 2011, Richard Hartzell, president, Latin American and the Caribbean, MasterCard, said the initiative would help arm the card network with “the right artillery to strengthen our […]
SIX expands Nordic post-trade with £20m purchase of Oslo Clearing
Swiss market operator SIX is to expand its post-trade infrastructure in Scandinavia with the acquisition of Oslo Clearing, a subsidiary of the Oslo Børs, for NOK180 million (£19.8 million).
The unit is authorised to act as a central counterparty in Norway and currently clears derivatives and securities lending products. It will become will be part of SIX Securities Services.
Waspit Giving Students What They Want with Social Media-Centric Program (December 2012)
December 2012 By Bill Grabarek, Senior Editor Crossing the pond and moving its headquarters from the U.K. to New York City, Waspit Inc. is creating a buzz on college campuses with a unique marketing style for its mobile banking product that’s heavily steeped in social media. Waspit users can make purchases with a Waspit […]
People on the Move: Joseph Dwyer, Virtual Piggy Inc. (December 2012)
December 2012 Virtual Piggy Inc., a Hermosa Beach, Calif.-based provider of e-commerce solutions enabling children to manage and spend money within a parent-controlled environment, has appointed Joseph Dwyer chief financial officer. He has more than 20 years of experience at the executive level for public and private companies, including OpenLink Financial, Energy Solutions International, Capstone […]
VeriFone Exits Direct-to-Merchant Mobile POS in ‘Maturing’ Niche (Dec. 17, 2012)
Dec. 17, 2012 VeriFone Systems Inc.’s decision to withdraw from marketing its mobile POS device directly to merchants is the first sign of retrenchment and likely consolidation in what has been a fast-growing niche. The San Jose-based company last week said from now on it will sell its Sail smartphone attachment for mobile card payments […]