Over Half of all ATMs Installed Away from Bank Branches
- 9 years 2 months ago
- ATMs
Growth in the off-site ATM sector is being driven by banks’ efforts to serve existing clients more cost-effectively, attract new customers and by the expansion of independent ATM deployers Cost savings drive off-site ATM expansion Globally, the share of ATMs located away from bank branches rose to 51% in 2015, according to RBR’s study Global ATM Market and Forecasts to 2021.
Global Node for a Standardized Blockchain Technology Is Formally Established in the UK
- 9 years 2 months ago
- Blockchain
An agreement on the establishment in the UK of a global node for a standardized digital currency based on blockchain technology was formally signed at Central Hall Westminster on January 9. China's Puerbank Group delivered the new node that will function both from an operation as well as a technological viewpoint in line with a standardized system for digital currency. The group plans to collaborate with selected companies in the UK during the...
Discover and PayPal Team Up to Deliver New Digital Payment Experiences
- 9 years 2 months ago
- Payments
Discover Financial Services (DFS) and PayPal have signed an agreement making PayPal more widely available to Discover cardmembers, acquirers and merchants. The agreement provides PayPal with access to Discover’s tokenization services, expanding PayPal’s reach at the point of sale, which will enable U.S. PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover.
RSRCHXchange Survey Reveals Decrease in Bank Research Spend Ahead of MiFID II
- 9 years 2 months ago
- Banking
RSRCHXchange, the online aggregator and marketplace for institutional research, today released the results of a survey analysing the readiness of asset managers for the research unbundling rules coming into effect in January 2018 as part of MiFID II. The survey was conducted towards the end of last year by polling company Survation, who canvassed the views of 234 respondents, representing over 200 firms and $15trn of AUM, making this the biggest...
IRIS Affirms That Accountants Risk Missing Post-Brexit Opportunities
- 9 years 2 months ago
- Accounting
UK accountants are at risk of their pro-Europe stance hindering business growth, as just 13 per cent state leaving the EU will result in a commercial gain. A study, conducted by IRIS Software Group, found a resounding 68 per cent of accountancy firms don’t believe invoking Article 50 will have an impact on their business. Of those who did believe Brexit will impact accountants, more felt this would be detrimental (18 per cent) than beneficial (...
Oanda Global Corporation Announces Vatsa Narasimha as a New CEO
- 9 years 2 months ago
- People Moves
OANDA Global Corporation’s Board of Directors has appointed Vatsa Narasimha, formerly CFO of OANDA, as its CEO. Mr. Narasimha succeeds Ed Eger who, alongside the Board, hand-selected Mr. Narasimha for the role. Mr. Eger will remain at OANDA to support Mr. Narasimha during a transition period. Over the past three years, Mr. Narasimha has been a critical part of the OANDA success story. Under Mr. Eger’s mentorship, he has helped the firm grow in...
Verint's Study Shows Higher Attrition Among Digital Consumers
- 9 years 2 months ago
- Infrastructure
Verint® Systems Inc. shows a 7% drop in customer retention compared to a similar survey conducted one year ago. This latest large-scale study of more than 24,000 consumers in 12 countries across nine industry sectors—conducted in partnership with Opinium Research LLC—found that consumers who prefer to do business through digital channels are more likely to swap providers than those that engage with businesses though human touch interactions,...
HID Global Predicts Top Trends for 2017 in the Identity Technology Industry
- 9 years 2 months ago
- IT Innovations, Infrastructure
HID Global®, a worldwide leader in trusted identity solutions, forecasts a shift in the use of identity technology that will lead to increased adoption of mobile devices and the latest smart card technology, a greater emphasis and reliance on the cloud, and a radical new way of thinking of trust in smart environments and Internet of Things (IoT).
Verifone ReleasesThe Sleekest, Most Advanced Multilane Payment Device Ever
- 9 years 2 months ago
- Payments
Offline and online commerce are rapidly converging. Brick & mortar retail models are rapidly changing. And consumers are increasingly demanding simple, fun and secure experiences no matter where or when they shop.
SWIFT Explores Blockchain as Part of its Global Payments Innovation Initiative
- 9 years 2 months ago
- Blockchain, Payments
SWIFT announces the launch of a Proof of Concept (PoC) to explore whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro databases in real time, optimising their global liquidity.
Updated Technical Standards for PSD2 and The E-Commerce System
- 9 years 2 months ago
- Compliance
The European Banking Authority recently drafted the latest technical standards for the Payment Services Directive II (PSD2), which serves as the legal foundation for a new cross-EU payments market. In 2016, European e-commerce sales are expected to increase 17% to €183 billion and the use of payment service providers (PSPs) is increasing significantly.
ABBYY Introduces New Way in Document Classification
- 9 years 2 months ago
- Data Management, Market and Reference Data
ABBYY®, a leading provider of technologies and solutions to action information today announced theavailability of ABBYY Smart Classifier on the European market. The new product enables businesses to leverage and act on complex,unstructured information by delivering highly accurate document classification. Based on Compreno®, ABBYY’s innovative natural languageprocessing (NLP) technology, Smart Classifier quickly organises large repositories of ...
Verifone and FIS enable consumers to pay with loyalty points at the retail POS
- 9 years 2 months ago
- Payments
With the goal to increase the value and usability of loyalty points, Verifone (NYSE: PAY), a global leader in payments and commerce solutions, and FIS(NYSE: FIS), a global leader in financial services and payments technology, announced a collaboration to enable consumers to pay with loyalty points linked to their credit or debit cards at the point-of-sale (POS).
Beeks Financial Cloud Joins Equinix Cloud Exchange to Expand Globally
- 9 years 2 months ago
- Data, Infrastructure
Equinix Inc., the global interconnection and data center company, today announced global financial cloud infrastructure provider, Beeks Financial Cloud, has deployed on Equinix's Cloud Exchange as it continues to expand its business globally.
WEX Inc. Announces New Partnership with Enterprise Fleet Management in Canada
- 9 years 2 months ago
- Payments
WEX Inc., a leading global provider of corporate payment solutions, today announced that it has signed a new agreement with Enterprise Fleet Management in Canada. The partnership supports Enterprise's growth in the Canadian market through WEX's Canadian fleet capabilities.
