PayPal wants to support space tourists' mobile transactions, but speakers at the recent Mobile Commerce World suggested that businesses have much to learn about building a great mobile commerce experience.
Frank Bisignano, who also led JPMorgan's mortgage banking business in the wake of the mortgage crisis, will lead payments management company First Data at a time of great change in the payments industry.
Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective.
By Carol Stabile, Safe Banking Systems LLC | October 12, 2012
Adopting a comprehensive approach to financial crime prevention, with greater reliance on analytics tools and collaboration among banks, regulators and law enforcement entities, was the theme of ACAMS' recent AML & Financial Crime conference.
Regulatory and audit requirements offer banks an opportunity for a bottom-up approach to credit strategies, which can also be applied to other business processes. Key to this approach is a decision-optimization framework.
Greek banks will post big
losses for 2011 on Friday, as they will include the writedown on
government bonds suffered during last month's bailout deal for
the country as well as provisions for higher bad loans due to a