Latest Banking News
Group led by CEO to acquire Royal Asian Bank
An ownership group led by Royal Asian Bank president and CEO Edward Shin has entered into an agreement to acquire the bank from its parent Royal Bancshares of Pennsylvania.
Published: 27-Aug-2010
Eurex to add six Lyxor ETFs
Eurex is set to expand its exchange-traded fund (ETF) derivatives segment with the addition of six Lyxor ETFs, and the listing has been scheduled for 20 September 2010.
Published: 26-Aug-2010
MBNA expands online credit card activation service for UK, Ireland customers
MBNA, a wholly owned subsidiary of Bank of America, has expanded the online credit card activation service by enabling all of its customers and holders of affinity partner cards provided by MBNA to activate their credit cards online.
Published: 26-Aug-2010
PNC Bank upgrades money management tool Virtual Wallet
PNC Bank, a member of Pennsylvania-based PNC Financial Services Group, has upgraded its online and mobile money management tool Virtual Wallet to help customers manage their personal finances.
Published: 26-Aug-2010
Hypercom launches new point-to-point payment data encryption system
Hypercom has unveiled a new point-to-point payment data encryption system Secure EFTSec Server 2.0 in the US, to boost the payment card industry's ability to deal with payment card data fraud.
Published: 26-Aug-2010
Visa, SANS Institute collaborate to improve merchant security
Visa, in collaboration with the SANS Institute, has developed global industry best practices on secure implementation and management of payment applications to help merchants mitigate security issues that may lead to data compromises.
Published: 26-Aug-2010
Visa introduces new multi-application prepaid card
Visa has introduced a prepaid card that combines general purpose payment, transit fare acceptance and event ticketing features all in one card. The card will debut at Singapore 2010 Youth Olympic Games.
Published: 26-Aug-2010
Fiserv launches new remote deposit capture solution
Fiserv, a developer of financial services technology solutions, has launched Mobile Source Capture, a new remote deposit capture solution that extends the convenience of remote check capture to camera-equipped mobile phones.
Published: 26-Aug-2010
FINRA fines Zions Direct for insufficient disclosure in CD auctions
The Financial Industry Regulatory Authority (FINRA) of US has fined Zions Direct $225,000 for failing to disclose potential conflicts of interests in online certificate-of-deposits (CDs) auctions for nearly two years.
Published: 26-Aug-2010
Star Network introduces new PIN debit application CertiFlash
Star Network has introduced a new PIN debit application called Star CertiFlash that advances point-of-sale security using one-time card number technology.
Published: 26-Aug-2010
