Banking

CGAP Report Finds Four Forces to Shape Future of Mobile Banking

Payment News (Free subscription) | 11/19/2009

The growing use of branchless banking, including mobile phone banking, is inevitable in most countries. But it's far less certain whether large numbers of the unbanked poor will use these alternative channels for financial services beyond payments, such as savings and credit. So says "Scenarios for Branchless Banking in 2020," a new report from CGAP, a microfinance group based at the World...

• New Report Finds Four Forces Will Shape the Future of Mobile Banking - News Unfiltered
• New Report Finds Four Forces Will Shape the Future of Mobile Banking - PR News Wire

Tips For News Junkies

Payment News (Free subscription) | yesterday

If you're a payments geek who's always on the lookout for payments-related news, you might enjoy the Payments News section we've recently added to Google News. You can find the new payments news section listed here. If you're logged into Google News, you simply click to add the section to your personalized version of Google News - and follow more payments news to your heart's delight! There's even...

Second Major US Card Issuer Ends Credit Card Arbitration

Payment News (Free subscription) | yesterday

In an article titled "JPMorgan Chase Ends Credit Card Arbitration", Maria Aspan writes for the American Banker that JP Morgan Chase has joined Bank of America in abandoning mandatory arbitration clauses as part of their credit card agreements.

Honor Roll: This Week's Top Bank Blogs (Nov. 15-21)

Bank Tech (Free subscription) | yesterday

Our favorite banking technology-related blog posts from around the Web (November 15-21, 2009):

Geithner Gets Grief from GOP

Bank Tech (Free subscription) | yesterday

There were some fireworks yesterday at a hearing held by the Joint Economic Committee between Treasury Secretary Timothy Geithner and Texas GOP Rep. Kevin Brady. In this video from CNBC.com, Brady plainly stated Geithner should take responsibility for the state of the economy today and all but said he should resign.

NY Times Editorial: A Gift to Credit Card Companies

Payment News (Free subscription) | yesterday

In an editorial this morning, the New York Times chastises Sen. Thad Cochran for voting on Wednesday to block a bill by Sen. Chris Dodd that would have accelerated implementation of credit card reforms.

Headline News - November 20, 2009

Payment News (Free subscription) | yesterday

Coming Soon! Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

Merchants Like Their Reading of the GAO Interchange Report

Payment News (Free subscription) | 11/20/2009

The National Association of Convenience Stores (NACS) released the following statement in response to today's release of the U.S. Government Accountability Office (GAO) report, "Credit Cards: Rising Interchange Fees Have Increased Costs for Merchants but Options for Reducing Fees Pose Challenges." "The GAO confirmed key problems that we have raised about credit card interchange fees,...

Australia shares head south in opening trades

Market Watch (Free subscription) | 11/20/2009

LOS ANGELES (MarketWatch) -- Australian stocks fell early Friday after U.S. shares ended down, with resource and financial names moving solidly lower in Sydney. The S&P/ASX 200 dropped 1.2% to 4,694.0, with Westpac Banking Corp. down 1.3% and Australia & New Zealand Banking Group declining 1.4%. In the resource space, BHP Billiton Ltd. lost 1.7% of its value, while Rio Tinto Ltd. was down...

Industry Says GAO Finds That Consumers Could Be Harmed by Interchange Regulation

Payment News (Free subscription) | 11/19/2009

The Electronic Payments Coalition has issued the following statement in response to today's release of a report on interchange fees from the Government Accountability Office: Today's GAO report concludes that consumers could be harmed if Congress acts to lower what merchants pay to accept debit and credit. As the GAO noted in its report, merchants receive myriad benefits when they accept debit and...

SWIFT's New MT 202 COV Messaging Standard Necessary, but Could Pose Challenges

Bank Tech (Free subscription) | 11/19/2009

Ernst & Young's Steven Beattie says although releasing the new payment messaging protocol will help increase AML efforts and transparency, banks could be faced with problems like an increased investigations burden.

GAO Releases Study on US Card Interchange Fees

Payment News (Free subscription) | 11/19/2009

The US Government Accountability Office (GAO) has just released a report on interchange fees on payment cards in the US. The report, titled "Credit Cards - Rising Interchange Fees Have Increased Costs for Merchants, but Options for Reducing Fees Pose Challenges", is available for download on the GAO's website. From the report's summary: Proposals for reducing interchange fees in the United...

BNP Paribas, Oberthur Team Up for NFC

Bank Tech (Free subscription) | 11/19/2009

The bank will provide residents of Nice with NFC payment services enabled by Oberthur's technology.

American Express Creates New Unit to Provide Consulting

Payment News (Free subscription) | 11/19/2009

American Express has announced the launch of American Express Business Insights, a new analytics and consulting organization that Amex says "draws on the power and reach of the Company’s global network to help business customers develop better-informed strategies to grow their business." Unlike conventional research that relies on static, self-reported information or surveys, Business...

J.P. Morgan's Best Practices in Fighting Corporate Payments Fraud

Payment News (Free subscription) | 11/19/2009

J.P. Morgan has issued a report titled “Payments Fraud: How It Happens And What You Can Do To Protect Your Organization” in which the company shares best practices for battling check, automated clearing house (ACH), and credit card fraud, as well as tips on protecting treasury operations from advanced phishing techniques. The report also explores the key areas of fraud vulnerability and...

Saudi stocks in demand

scold | 02/23/2009

RIYADH: Saudi bank and petrochemical stocks have continued to attract the interest of foreign fund managers despite the global downturn, HSBC's local investment banking affiliate said yesterday. readmore

Morgan Stanley to cut 2,000 more jobs

sahilsimran | 02/16/2009

Morgan Stanley is expected to cut around 2,000 jobs this month. According to a report in The Times, the cull will focus on back-office roles and will not affect financial advisers, who are involved in the imminent launch of a joint venture with Citigroup. The bank is in the process of acquiring a majority stake in the [...] readmore

FC Barcelona vs Sporting De Gijon live online stream

djuice24 | 02/08/2009

Spanish Primera Division in Spain FC Barcelona vs Sporting De Gijon live Time:18:00 GMT Date:8th February Status:Live The Spanish league, called Liga BBVA this year! FC Barcelona Official name Futbol Club Barcelona City Barcelona Founded 1899 Club colors Red-Blue horizontally striped / Red / Blue LIVE ONLINE