Latest Banking News
Cred-Ex Launches New Mobile Payment Solution
Cred-Ex, the main brand of Emerging Payments Technologies and a provider of alternative payment solutions, has launched Cred-Ex m-commerce payment solution, a new service that brings the company's payment processing tools to mobile devices.
Published: 11-Mar-2010
JP Morgan Asset Management Selects Bravura To Support ViaNova Message Format
JP Morgan Asset Management in the UK, has deployed a straight through processing (STP) solution Babel from Bravura Solutions, a global supplier of wealth management applications and professional services. The solution supports the ISO 20022 ViaNova message format.
Published: 11-Mar-2010
Al Ansari Exchange Joins SWIFT Community
Al Ansari Exchange, a provider of worldwide remittance and foreign exchange services, has recently acquired membership to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a cooperative organisation that provides standardised and secure financial messaging services to financial institutions worldwide.
Published: 10-Mar-2010
Card Payment Fraud In UK Declined 15% In 2009: Retail Decisions
The value of online, mail order and telephone order fraud, declined by an estimated 15% to GBP278m in 2009, compared with GBP328m in 2008, reported Retail Decisions (ReD), a global player of card fraud prevention, payment processing and card issuing solutions.
Published: 10-Mar-2010
Apollo Management To Buy Citi Property Investors
Apollo Management has signed a letter of intent to acquire Citi Property Investors, the real estate investment unit of Citigroup, in a bid to triple the value of its property assets.
Published: 10-Mar-2010
MoneyGram, Supervalu Renew Alliance For Money Transfer Services
MoneyGram International and Supervalu, a US-based grocery retailer, have renewed a multi-year agreement to extend their alliance to offer MoneyGram money transfer services at more than 1,000 corporate-owned grocery outlets in 28 states.
Published: 10-Mar-2010
ABN Amro, Fortis To Merge Retail Operations By End Of 2010
ABN Amro, the Dutch state-owned bank, plans to complete the merger of its retail operations with its national counterpart Fortis Bank Netherlands before the end of this year and create a banking major with 5.5 million customers and around 500 branches.
Published: 10-Mar-2010
Visa To Open New Customer Service Center In Florida
Visa plans to open a new customer service center in Miami-Dade, Florida later this year and the service center is expected to create more than 350 new positions in Visa's global customer care services group.
Published: 10-Mar-2010
Bursa Malaysia Derivatives Chooses Patsystems As Technology Provider
Bursa Malaysia Derivatives Berhad (BMD), a wholly-owned subsidiary of Bursa Malaysia Berhad, has selected Patsystems, a provider of trading solutions to the derivatives industry, as technology provider for its new front-end for derivatives trading Order Management System (OMS).
Published: 10-Mar-2010
Emirates NBD Introduces Suite Of Visa Debit Cards With Chip, PIN Technology
Emirates NBD, a UAE-based bank, in association with Visa, has launched a complete suite of chip enabled debit cards. The new Emirates NBD Visa Debit Card comes equipped with the new generation of chip cards.
Published: 10-Mar-2010
