At the recent SAS Financial Services Executive Summit, bankers gained insights into how to address the challenge of aligning technology and business in the age of big data analytics.
After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
U.S. Judge Dismisses ATM Fee Collusion LawsuitsFebruary 13, 2013A federal judge has dismissed antitrust
lawsuits accusing Visa Inc, MasterCard Inc,
JPMorgan Chase & Co, Bank of America Corp and
Wells Fargo & Co of conspiring to fix automated teller
machine fees.
Global Watchdog Needs More Time on Derivatives RulesFebruary 13, 2013New rules on how much collateral
is needed to back derivatives trades are unlikely to be
finalised before September, leaving markets in limbo as global
regulators seek to minimise potential harm to economic recovery.
Bank Boardrooms Go PaperlessFebruary 12, 2013Bank of New Hampshire has seen considerable time and cost savings from using digital books for its board meetings provided by Diligent Boardbooks.
American Express, Twitter Partner on PurchasingFebruary 12, 2013The company has expanded its partnership with Twitter, which previously consisted of a daily deals program, to include the ability to buy products.
FIS Launches P2P Payments SolutionFebruary 11, 2013FIS People Pay allows banks to offer their customers the ability to send payments directly to other consumers using an e-mail address or mobile phone number.
Cracks Appear in European Banking Union SchemeFebruary 08, 2013It was billed as a
reform that would tighten policing of Europe's banks and end
their ability to suck states into crisis. Now fears are growing
that a central element of banking union will be scaled back,
undermining the whole scheme.
MasterCard Advisors Partners With Analytics Firm Mu Sigma On Big DataFebruary 07, 2013The two companies announced a new partnership today to create new business intelligence by combining MasterCard’s consumer purchasing database with Mu Sigma’s analytics staff and techniques.
18 Charged in $200 million U.S. Credit Card Fraud RingFebruary 05, 2013U.S. prosecutors on Tuesday
charged 18 people with fraud for allegedly creating and using
thousands of fake identities to ring up hundreds of millions of
dollars in credit card purchases.
New Measures to Lift Veil on Banks' Capital RatiosFebruary 03, 2013The game may soon be up for banks
that have made themselves look healthier by understating how
risky their businesses are, which should help pension funds,
savers and companies to decide which institutions to invest in.
M&T Brings On Donald Truslow As New Chief Risk OfficerFebruary 01, 2013Truslow, who previously worked at The Financial Services Roundtable and Wachovia Corporation, will also serve as executive vice president and a member of the bank's management committee.
E.U.'s Barnier Says U.S. Should Respect Basel IIIJanuary 31, 2013The United States should
implement Basel III bank capital rules in the same way as Europe
does, at the beginning of 2014, the European Union official in
charge of regulation said.
