30 Apr 2004 02:57 AM

ABN Amro India has launched its Mpower mobile banking and payments platform as a way to better serve its customers and build valuable relationships with wireless operators, banks and merchants. Given the popularity of SMS (short messaging services) in India, the bank found initial pilots of the SMS-based Mpower service to

30 Apr 2004 02:55 AM

IDC reports about 205 million consumers in Asia to be Internet-ready, but just 74.9 million, or 2.5 per cent, of Asia’s total population has purchased online, even if broadband links and mobile commerce are seen as areas

30 Apr 2004 02:53 AM

7-Eleven has become the first US retailer to develop its own prepaid wireless product after assigning Dallas-based Ztar, a mobile virtual network enabler (MVNE) to manage its prepaid wireless program. Users of the new prepaid phones can recharge

30 Apr 2004 02:50 AM

Forty-two per cent more Americans are more concerned about the risk of identity theft in 2004, than in 2003, according to research firm, Insight Express, and almost three in five are protecting themselves against the perceived risks. In a recent online survey of 500 US consumers, Insight Express found 85 per cent to be

30 Apr 2004 02:48 AM

Financial entities in the US are streamlining their workflow processes while re-engineering their systems for the Check 21 Act and seeking to improve daily operational efficiencies. USB Global Asset Management, for one, is

30 Apr 2004 02:46 AM

UK bank customers will be able to view and pay bills directly from their bank’s web site under a joint venture between UK-based clearing house, BACS, and US e-billing solutions firm, CheckFree. BACS handled 4 billion

27 Apr 2004 06:54 AM

An initial public offering by Web search giant Google Inc. will give the mending venture capital market a psychological boost but it is unlikely to usher in a new gold rush, industry experts said on Monday.

26 Apr 2004 03:55 AM

While the Check 21 Act will allow banks to substitute an electronic check image, or an image replacement document for paper checks, the digitization of Day Two procedures is creating a few stumbling blocks. Large banks are already considering how to prepare their back-offices to handle exceptions, corrections

26 Apr 2004 03:54 AM

Voice-activated credit cards, as demonstrated by the Beepcard from technology firm Comdot, which does not work until it hears its owner’s voice, could be a valuable weapon in the fight against credit card fraud. The card, which has a

26 Apr 2004 03:54 AM

Since payments are a cornerstone of most banking activities, banks preparing for the Check 21 Act need to include their major operating units at all stages, according to the Bank Administration Institute (BAI). Major banks are

26 Apr 2004 03:54 AM

In 2003, for the first time ever, the use of Visa-branded debit cards worldwide outgrew that for credit cards, with debit cards having volume of USD 1.48 trillion, and credit cards, a volume of USD 1.45 trillion. To give a different

26 Apr 2004 03:54 AM

Internet search company Google Inc. has moved one step closer to its eagerly awaited initial public offering, choosing Morgan Stanley and Credit Suisse First Boston to be lead underwriters, the Wall Street Journal said on Monday.

23 Apr 2004 02:14 AM

Amazon.com (AMZN) said late Thursday that it earned $111 million, or 26 cents per share, in the first quarter. The Seattle-based online retailer posted a loss of $10 million, or 3 cents per share, last year. Excluding certain items,

22 Apr 2004 03:32 AM

Bahrain-based telecom firm, Batelco, which set up the Gulf’s first Internet payment gateway in 1999, is working with Visa, Amex and Credimax, to extend its services to government and local businesses in the kingdom. In its latest incarnation, the gateway, now marketed as @ltijara.com, will handle payments

22 Apr 2004 03:30 AM

Over 79 per cent of individuals in the UK are prepared to give away some personal details in the street that might allow a criminal to steal their identity, according to a recent survey by RSA Security. Important personal details such as a mother’s maiden name, or a date of birth, was readily