transactions
August 23, 2010 - 10:20am | News | Payment systems
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Misys announced the new release of its Confirmation Matching Service (CMS) which includes inter-bank matching for Exotic FX Options - extending the existing support for buy-side counterparties which went live earlier this year and is now used by more than a dozen banks and fund managers. |
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June 25, 2010 - 1:11am | News | Plastic cards
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MasterCard Worldwide has launched a new initiative called MasterCard Partners in Prepaid which is aimed to stimulate MasterCard’s collaboration with partners and customers around the world and drive growth in prepaid, according to the company statement. The new program introduced by MasterCard is to focus on delivering innovation at a number of levels: in the sharing of global best practices, in thought leadership, in investments in partner growth; and in simplified interactions. |
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November 13, 2009 - 9:25am | News | Payment systems
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Sage North America today announced that its Sage Payment Solutions division has joined the PCI Security Standards Council as a new Participating Organization. As a Participating Organization, Sage Payment Solutions executives will work with the Council to evolve the PCI (Payment Card Industry) Data Security Standard (DSS) and other payment card data protection standards.
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October 12, 2009 - 2:16am | Law aspects | News
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According to some speculations the Financial Industry Regulatory Authority is expected to fine Citigroup Inc $600,000 for derivatives transactions that helped foreign clients avoid taxes on dividends.
The source with the knowledge of the matter reported that the fine is expected to be announced on Monday. The move comes as nations around the world are starting to prosecute tax evasion so as to close widening budget gaps fueled by economic slump.
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July 27, 2009 - 1:37am | Fraud | News
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According to a security official at the Kuwaiti Interior Ministry, Hazem al-Braikan, chief executive officer of Al-Raya, an asset-management firm created in 2007, was found dead from a gun-shot wound. The US SEC sued al-Braikan along with Al-Raya investment, United Gulf Bank BSC and Kipco Asset Management for allegedly placing ``highly profitable and suspicious'' trades before newspaper and |
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June 10, 2009 - 6:55am | Banks and internet banks | News
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According to report released by Javelin Strategy & Research financial institutions must create a Customer-Driven Architecture (CDA) that gives customers what they want most (as research revealed): financial control. In Javelin’s point of view, "with many consumers’ finances in shambles, today’s economy is the perfect time to finally put customers in charge. |
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April 10, 2009 - 2:37am | News | Plastic cards
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Visa Inc. partnered with Malaysian largest wireless carrier Maxis, Nokia and Maybank, a leading financial institution in Malaysia, to launch the first initiative that will allow consumers to purchase an NFC-enabled mobile device off the shelf and use that device to make Visa payWave-enabled transactions at the point-of-sale instead of using their payment card.
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March 26, 2009 - 2:18am | News | Other themes
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Leading European foreign exchange specialists Caxton FX in association with Petra Financial, a leader in Mobile Banking and Payments solutions, launched a new service known as Touchstone Mobile on March 25th, 2009.
Touchstone Mobile is a banking and financial application that allows travelers to make international payments on their phone from anywhere around the globe. |
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March 26, 2009 - 2:00am | Figures | News
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This week First Data Corp. announced its fourth quarter and full year financial report for the period ended December 31, 2008. The report reveals that consolidated revenues for the quarter increased by 8% to $2.3 billion. The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter rose 1% to $667 million. The net loss for the quarter stood for $3.2 billion which consisted of a non-cash goodwill impairment charge of $3.2 billion.
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March 4, 2009 - 3:51am | Banks and internet banks | News
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Indian largest financial institution Yes Bank announced about the launch of a new mobile payment service 'Pay Anyone' to allow mobile users to make money transfers to other banks. The service was developed in association with Obopay.
"Pay Anyone service, which will be launched during next couple of months, will permit our customers to make payment to account holder of any other bank through their mobile phones. |
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March 3, 2009 - 12:34pm | Analytics | Articles
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Operating a home based business is a great way to earn income for many people. According to statistics, three out of ten people work at home. This type of business has a lot of benefits in comparison with traditional 9 to 5 office jobs: you can be your own boss, work in your pajamas, set your own work schedule, and spend more time with your family.
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February 26, 2009 - 2:26pm | Articles | Plastic cards
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SmartCard Marketing Systems Inc. announced its quadruple-digit gains for January 2009.
The company pointed at an increase of 1,110% representing $1,075,960.00 in Payment processing for this month, against $96,650.00 in the same period of last year. The company considers its unique products and fulfillment capacity to be the key elements in its growth. |
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February 26, 2009 - 2:23pm | News | Other themes
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TSYS has announced that its board of directors has approved a quarterly cash dividend TSYS common stock, payable on April 1, 2009. The amount has been declared to be $0.07 per share.
TSYS is one of the largest companies dealing with outsourced payment services in the world. It offers a wide range of issuer- and acquirer-processing technologies aimed at supporting consumer-finance, credit, debit, debt management, healthcare, loyalty and prepaid services. The company customers are financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.
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February 25, 2009 - 7:26am | News | Other themes
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On February 24 a global leader in money transfer services Western Union announced it completed the purchase of the money transfer business of European-based FEXCO, one of the company’s largest Agents.
Earlier the company made an announcement about is acquisition of the agent pointing to the fact that Western Union will be able to manage and support more than 10,000 consumer-facing locations in seven European countries: the United Kingdom, Spain, Ireland, Sweden, Norway, Denmark and Finland. The acquisition of the business in Norway awaits regulatory approval.
As a part of the transaction about 300 FEXCO employees will join Western Union.
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February 24, 2009 - 1:07am | News | Plastic cards
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Central bank of New Zealand has reported that Credit card billings in the country in January rose as consumer spending has remained low.
The increase made a seasonally adjusted 1.7 percent against a 2.2 percent fall in December. The increase became the first upward shift in four months. Moreover, the gain has been reported to be the strongest monthly gain since May 2006.
Earlier this month it was revealed that the retail sales of electronic cards showed no growth in January, comparing to the 0.6 percent decrease in the previous month.
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