Innovations in prepaid cards and mobile phones are beginning to erode the traditional monopoly of banks as the home of ‘first accounts'.

According to new research by Prepaid International Forum (PIF), the next generation of financial services customers is more likely to use a prepaid card or mobile device, instead of a bank account, when they first become active consumers.

Instinet Europe Limited (Instinet) today announced that it has received regulatory authorisation from the FCA as a Payment Institution. This authorisation allows Instinet to offer a new safeguarded cash management and payment service solution to clients looking to purchase investment research through ‘hard dollar’ research payments.

This is a program specifically directed at Out-of-Court Debt Collection Offices and its main objective is to motivate the participants to achieve their monthly goals.

Six companies, including Way Back, are participating in this program.

 Selectica, Inc. (NASDAQ: SLTC), a global provider of SaaS contract management and end-to-end source-to-pay supply management software solutions, including eSourcing, eProcurement, spend analysis, and procure-to-pay software, announced that Chromalloy chose to implement Selectica Smart Supply Management suite solution whi

 ShoreTel® (NASDAQ: SHOR), the leading provider of brilliantly simple phone systems and unified communications (UC) solutions, today announced it has been positioned by Gartner®, Inc. in the "Visionaries" quadrant of the "Magic Quadrant for Unified Communications."

Spectra Logic, the deep storage experts, today unveiled Spectra Verde DPE^™, a new Shingled Magnetic Recording (SMR)-based NAS disk platform designed to provide high-density bulk storage for reliable, high-capacity digital preservation, at costs as low as 7 pence per gigabyte raw.                                                                                       

MarketInvoice, a P2P platform for small business lending, has raised £6 million in its first round of financing as part of an effort to attract retail investors.

 Equinix, Inc., a global interconnection and data center company, today announced the immediate availability of Amazon Web Services (AWS) Direct Connect in Equinix's Osaka International Business ExchangeTM (IBX^®) data center (OS1).

Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that it is working with Aqua Comms Limited (AquaComms), a provider of scalable, subsea capacity-based network solutions, on the deployment of its new transatlan