Wearables have made a major breakthrough in the last two years. I believe that in several sectors including payments they are now mainstream technology rather than a minor tributary.
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Wolters Kluwer has today launched ISO 20022 compliant Transaction Reporting for Daily Sterling Money Market Statistical Reporting (MMSR) for both new and existing customers. The functionality, as part of OneSumX Regulatory Reporting, has been tested with the Bank of England (BoE) and is already in use by BoE selected Daily Sterling MMSR Early Adopters.
Kasper Sylvest is delivering a speaker session and contributing to a panel debate titled ‘User engagement assessing what they want and what they need from a bank’ and ‘International lessons: how have regulators around the world helped or hindered payments’ respectively, as part of PayExpo Europe, taking place 7 & 8 June at London’s ExCeL.
Metro Bank, the UK’s leading challenger bank, will begin deploying Vertera 6G Teller Cash Recyclers from Glory Global Solutions across its new stores opening in 2016-17, as well as replacing older technology in a number of their existing locations. Metro Bank is a new customer for Glory and the agreement reaffirms Glory’s position as the leading supplier of TCRs in the UK.
The Banking Industry Architecture Network (BIAN) today welcomes three new members to its rapidly growing network – taking the not-for-profit to a total of 64 leading banks, software vendors, service providers and academic partners across the world.
The new members will now work with existing BIAN members to drive forward the development of an agile technology framework for banks.
FIME, a world leader in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by independent investment firm Chequers Capital. The new ownership framework will enable FIME to enhance its assertive expansion strategy to offer new services in emerging markets and increase its geographical presence globally.
UK based technology company which enables multi-channel and multi-factor authentication via the Cardholder PIN, has today appointed Morten Hofstad as Head of the Company’s Asia Pacific business.
The appointment comes at a key stage in the Company’s global business development and signifies myPINpad’s investment in appointing a team of industry leaders. Morten brings over 15 years of experience spearheading business partnerships within mobile payments, electronic finance services and new technology across Europe, MENA, Africa and Asia to myPINpad’s senior leadership team.
Card authorization is basically a mechanism created by bank accounts, to verify that during an online transaction, the card user details are truthful or not. Moreover, card authorization deals with verifying weather the card is valid or not and authorizes specific amount of funds available.
The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) has raised USD 667.816 million through its Notes due May 31, 2026. The Notes offer investors a fixed rate coupon for the first year and floating rate coupons thereafter. The trade launched in early May and priced on May 25, 2016.
NetSuite Co., Ltd., the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that MC Aviation Partners Inc. ("MCAP"), the aircraft leasing and trading arm of Mitsubishi Corporation, has implemented NetSuite OneWorld to support its business growth. The company is now using NetSuite OneWorld to manage financials, accounting, reporting, multi-language capabilities for English and Japanese, multi-currency capabilities and financial consolidation.














