06 Apr 2005 01:40 PM

Online ad spending rose in the UK compared with the spending on radio advertising, the Interactive Advertising Bureau (IAB) report showed.

06 Apr 2005 12:58 PM

More options are now available for some Asian corporations that use Citigroup GTS’ new Payment Flow Management functions, ePaynews said.

04 Apr 2005 01:15 PM

While using its online HSBCNet platform to improve balance and transaction reporting, HSBC is to consolidate the Asian cash management operations of US consumer goods firm Unilever. Before choosing HSBC as its cash management partner, Unilever used a number of regional and domestic banks but decided to unite its operations for economies of scale and efficiency. Unilever will integrate its ERP platform with HSBC’s

01 Apr 2005 01:05 AM

Celent predicts business-to-business e-payments will come to 58% of total B2B payments’ amount in U.S. by the year 2010. Until this year the B2B e-payments volume was significantly limited in that payments and data were routed separately, or the data alone could not be posted and reconciled.

31 Mar 2005 11:04 AM

The UK banks will likely reconsider the security for EMV cards and turn to dynamic data authentication (DDA) generating a new certificate for each transaction, ePaynews said.

31 Mar 2005 10:37 AM

Dutch bank ABN Amro said it had an option to issue the first for the Netherlands Chip & PIN credit cards by mid-May to view transaction data online and pay card balance in installments, according to ePaynews.

14 Mar 2005 07:39 PM

Credit-card issuers, supported by President George W. Bush and a larger Senate Republican majority, are about to reduce consumers’ ability to discharge their debts because of bankruptcy. By

22 Feb 2005 07:18 PM

New Hampshire regulators charged American Express Co.’s financial-advisory unit with deluding customers by forcing its sales team to sell poorly performing in-house mutual funds rather than investments from competitors. American

08 Feb 2005 08:15 PM

According to Celent Communications, US banks are most likely to spend USD 38.5 billion on integration of Information Technology in the previous year. In case of not introducing IT financial institutions are under threat of inefficiency of new solutions.

08 Feb 2005 05:13 PM

According to Ipsos-Reid, in 2004 between the two ways of payment, in cash or by credit card, almost 38 million Americans chose to use credit or debit card for purchases below USD 5 as compared to 354 billion cases of cash payment.

29 Jan 2005 10:45 AM

US firms spent $1.6 million per month on the average in 2003, says RPMG Research, and the spending amount is expected to top $160 billion by 2008.At the end of 2003, the volume of commercial cards purchased cards in the US equaled $264 billion. The annual savings volume of firms using commercial cards is known to

13 Jan 2005 07:26 PM

Major credit card organizations shift their focus to commercial credit card programs as a channel for future growth. At the moment the market for commercial cards totals $1 billion per year. Visa faced a growth rate of 20.6% in the European Union market, and at the moment can compete with the Multinational

15 Dec 2004 04:14 AM

American Express won a contract with Citigroup, the world’s biggest credit card company. A month ago, the first American Express card was issued by MBNA, the third-biggest US credit card company, wiping away the restrictive ruled that had kept the American Express out of the banking system. "This

14 Dec 2004 07:49 AM

Electronic payments exceeded paper checks for the first time in the US in 2003, with e-payments totalling $44.5 billion as compared to $36.7 billion payments made using checks. The bulk of electronic payments were made using credit cards (19 billion transactions), followed by debit cards (15.6 billion). According to the Federal

29 Nov 2004 09:56 AM

The latest data from the world payment giant Visa international showed world eCommerce sales may grow up to $150 billion in 2004, 54% higher against 2003.