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American Express introduces premium rewards scheme
American Express has launched First Collection, a new collection of premium partners and offers exclusively available to American Express Platinum Card and Centurion Card members through the Membership Rewards program.
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Child Trust Funds contributions make ideal presents, CIS says
According to research from UK financial services firm Co-operative Insurance, the rising costs associated with education, marriage and house buying are making parents think about their children's long-term interests this Christmas, bringing Child Trust Funds into the spotlight for the festive season.
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Gemalto provides Hong Kong's first Visa Java EMV cards
Gemalto has delivered the first Visa Java EMV cards to DBS Bank (Hong Kong), one of the leading card issuers in Hong Kong. According to Gemalto, this project marks a significant milestone for smart card development in Hong Kong's banking industry.
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Remortgaging hits lowest figure in five years in UK
Research conducted by the UK Council of Mortgage Lenders has concluded that remortgaging has hit its lowest figure in five years.
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WOCCU and Vigo offers remittance services in Kenya
The World Council of Credit Unions has collaborated with the US electronic funds transfer company Vigo Remittance to offer a remittance service in Kenya. Their first venture will be marked with the launch of the new program IRnet Coop.
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Woolwich improves buy to let lending service
Barclay's mortgages division Woolwich has announced that it is improving its buy to let lending proposition by simplifying documentation requirements.
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BNP Paribas launches covered bonds program
French banking group BNP Paribas has launched its E25 million covered bonds program, enabling the bank to raise funding secured on its portfolio of home loans.
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BPU and Banca Lombardo merger approved by boards
Italian banking groups Banche Popolari Unite and Banca Lombardo have had their proposed merger approved by both banks' boards, to take effect in April 2007.
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Money Partners acquires Residential 1
Lender Money Partners is to enter the direct-to-broker market through its acquisition of Residential 1, a specialist broker packager, for an undisclosed price.
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UK to get new payments body, check clearing reforms
The UK's chancellor of the exchequer has agreed to the establishment of a new governance body for payment systems, the Payments Industry Association, while a number of reforms to check clearing processes in the UK have also been agreed upon.
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Firethorn and Cingular Wireless strike mobile banking deal
Mobile banking and payments firm Firethorn Holdings has entered into a strategic alliance with Cingular Wireless, the largest wireless carrier in the US, to bring mobile banking and payments services to Cingular Wireless customers.
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Rabobank launches mobile banking and calling services
The Netherlands' Rabobank has become the first bank in Europe to introduce the combination of mobile banking and low-cost calling in one with the launch of its innovative new service, Rabo Mobile.
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VDK Spaarbank to distribute card readers to online banking customers
Belgian bank VDK Spaarbank has agreed to distribute Vasco Data Security International's Digipass 810 smart card reader to all of its online users, enabling the bank's e-banking and e-commerce customers to use the device in conjunction with the VDK debit smart card.
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Alfa-Bank increases maximum mortgage loan to $500,000
In a bid to beef up its presence in the mortgage market, Russia's Alfa-Bank has increased its maximum mortgage loan up to $500,000 to buy a flat in the secondary market.
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Clydesdale and Yorkshire Banks offer new prepaid travel card
Clydesdale Bank and Yorkshire Bank, both members of the National Australia Group, have launched a new prepaid travel card in collaboration with PrePay Technologies.
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