Gresham Computing plc, a leading provider of transaction control solutions, today announced the launch of Clareti Transaction Control (CTC) Transaction Reporting. The solution allows financial institutions (FIs) to verify and validate that trades reported to trade repositories comply with the requirements of regulations for eligible trades under Dodd Frank, EMIR, REMIT, G20, MiFID and MiFIR.
The partnership will enable gaming operators that use Play‘n Go to support a broader range of payment methodologies and currencies, as well as offer a more customised gaming experience, in-app payments and so forth.
International Card Services (ICS), the largest credit card issuing business in the Benelux region with 3.5m customers, has adopted a new commercial credit card app from its processing partner Tieto.
ICS will be able to tailor its product offerings to small, medium and large corporations, and simplify and improve customer service, thanks to the new app from Tieto’s Card Services.
Through the agreement, Tieto strengthens its relationship with ICS, an independent subsidiary of ABN AMRO Bank and the largest credit card issuer in its Netherlands headquarters.
New data from FICO (NYSE:FICO), the predictive analytics and decision management software company, showed that late credit card payments have continued to decline in the UK, reaching the lowest point in more than two years. FICO's analysis of around 80 percent of all credit cards issued in the UK showed a continued decline in the percentage of accounts that are delinquent, matched by a decline in the balances that are delinquent.
CardFlight, a leader in mobile point of sale (POS) technology announced today the availability of EMV-ready chip card readers for its SwipeSimple mobile point of sale solution. The United States is in the process of migrating to the EMV chip card standard, with a liability shift occurring in October 2015 that provides incentives for merchants to upgrade their payment terminals to devices capable of reading chip cards.
OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced the full release of its modular trading platform, Metro NOW. Metro NOW offers professional traders, financial institutions, hedge funds, banks, and commodity trading houses a customizable and scalable futures and options-trading platform, deployed seamlessly via the web.
When we consider mobile payments, we often misjudge customers’ willingness to embrace adoption. This is because mobile devices are only the start of a new customer journey. Customers are not switching to mobile payments just because they prefer using smartphones. They are doing so because mobile payments offer integrated value-added services, such as reward programs, couponing and ticketing, which substantially enhance the overall customer experience.
PSD2 is coming!
Against a backdrop of continuous regulatory change, the drive towards lower operating costs, deeper member engagement and better member outcomes is creating new challenges for super funds. The ability to meet these challenges and keep a lid on costs and risks will require funds to consider alternative administration options. John Burke reports.
The status quo
Reflecting on another conversation at last week’s conference, there were lots of discussions about why the mobile wallet wars were lost. No one’s won the mobile wallet war yet, not even Apple, but it is there to be won. In fact I wondered why it took a firm like Apple to take up the mantra and aim for this crown – not forgetting WeChat, Alipay and others – and realised it’s because no one has yet worked out what a mobile wallet is for.
Defining what BCBS 239 compliance looks like remains clouded in mystery. Tough ‘show and tell’ discussions rage on between banks and regulators as to what absolutely must be done to meet the requirements of the principles. But what if it could all be rolled up into a simple litmus test? One that could be presented to your board as being a good, solid marker as to how close your bank realistically is?
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