Computop is the first German payment services provider (PSP) to offer UK and EU retailers a certified point of sale (POS) solution based on P2PE encryption. P2PE stands for Payment Card Industry Point-to-Point Encryption and is an industry security standard developed by MasterCard and Visa to curb increasing theft and misuse of credit card data.  It protects consumers and merchants from fraud.

In a joint prepared statement, the CEOs of Bank of America, BB&T, Capital One, JPMorgan Chase, U.S. Bank, and Wells Fargo said, “Our customers want the ability to make payments to anyone, in real-time, making funds instantly available in the recipient’s bank account.

 Prairie Cloudware, an innovator in digital payments services, today announced that 

Today Ovum, the global analyst house, announces the role of bank branches has changed*. The shift of transactions to digital channels has heightened the importance of face-to-face interactions as customers increasingly come to branches to resolve complex enquiries. On top of this, with the commoditisation of banking products, the customer experience and services provided are becoming more important. This will lead to bank branches becoming sales and financial advisory centres, rather than transaction processing hubs.

Cavium, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, will demonstrate ThunderX and LiquidIO II based solutions for private and public cloud infrastructure and scale out applications at the OpenStack Summit in Tokyo.  The OpenStack Summit is a four-day conference for developers, users, and administrators of OpenStack Cloud Software and is held from Tuesday October 27^th through Thursday October 29th.

 Unisys Corporation  today announced that it has received contracts valued at approximately $22 million from CoreLink Administrative Solutions, the provider of he

 Horizon Software, the leading provider of electronic trading solutions and algorithmic technology to the world’s exchanges, banks, brokers and fund managers, today announced that it has been shortlisted for the ‘Best New Exchange or Trading Platform’ award.

Cashfac Technologies, the market leader in Bank-to-Corporate Cash Management solutions, today announced the launch of Cashfac Analytics, a real-time data analysis and reporting module that enables banks and corporates to better understand their cash movements. The module dramatically speeds up the process of analysing, understanding and navigating to the data related to specific cash management functions while simplifying reporting so banks and their corporate customers have greater insight into their operational performance.

iGTB, part of industry-leading Intellect Design Arena, today launched Release 16 of the world’s first complete global transaction banking platform, including Sanctions Screening – a new, faster and more comprehensive KYC solution – and the extension of CBX (Corporate Banking Exchange) to Apple Watch and other smartwatch devices.

The cost of breaking sanctions? US$12 billion. This is the total provisions for breaking sanctions by banks worldwide according to a recent Morgan Stanley report.