• 17 percent increase in credit card fraud losses observed in a sample of 7.5 million cards
• Total card purchases rose just 5 percent
• 70 percent of card fraud was card-not-present, 80 percent was cross-border

Fast-growing technology consulting and end-to-end solution company DataArt today announced further expansion in Western Europe, with the opening of offices in Munich, Germany and Wroclaw, Poland.  The move brings the DataArt global location count to 15.

The Munich office will initially focus on projects in the financial services, media and IoT sectors.

Nomis Solutions is delighted to announce the appointment of Michael DeGusta to lead the architecture and development of the company’s next-generation pricing platform. Michael joined the company as Vice President and Chief Architect in early 2015 and has already been instrumental in pushing the capabilities of Nomis Solution’s cutting-edge pricing technology forward.

Official figures for Q4 2014 released by the global technical body EMVCo show that significant advances are being made globally in the adoption of EMV® chip technology. By the end of last year, the number of EMV payment cards in circulation rose by 1 billion, up 43%, to 3.4 billion, from 2.37 billion in Q4 2013.  

 Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for post-trade efficiency, announced today that Singapore’s sovereign wealth fund GIC Private Limited (GIC) has adopted Omgeo ALERT^SM, the industry’s largest and most compliant web-based global database for the maintenance and communication of account and Standing Settlement Instructions (SSIs).

Ullink, a global provider of market leading electronic trading and connectivity solutions is pleased to announce that CITIC Securities International (CSI), a leading China-focused international investment bank, deployed Ullink’s low latency connectivity platform, order management, algorithmic trading and market making solutions as a fully hosted service, to power its trading desk technology in Asia and the US.  Adding CSI to its growing list of clients adds further reinforcement to Ullink’s expansion plans across the Asian Pacific and Americas regions.

Bridging the gap between convenience and security for digital payments has long been a subject of discussion within the payments industry. Findings from an investigation undertaken by myPINpad into the gaps in the payment industry have identified a number of issues:

·         Security concerns cause 35% of all abandoned carts in online commerce. Putting that in monetary terms, the cost to retailers is estimated to be $1.4 trillion in 2015

As HCE and tokenization mobile payment solutions begin to come to market, Bell ID draws on its first-mover experience with multiple live projects to make the case for why a bank should consider becoming a Token Service Provider (TSP) and managing its own Token Vault. As the live projects are under NDA, Bell ID has used AnyBank, a fictional bank, to discuss the key drivers and challenges that inform the decision to in-source.

RIMES, the award-winning provider of managed data services for the buy-side, today revealed that data management is no longer simply an internal challenge for asset managers as they face increasing pressure from clients to respond to growing demands for data. This comes at a time when the industry is battling to improve data quality and governance while also reduce data costs.

In 2013, 70% of Brits had no trust in the banks. Interestingly, in 2014, a survey found that 80% of Brits trusted their bank if they used good technology.  Technology that embraces social collaboration like Facebook and Linked In.