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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

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