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16 Sep 2004 09:30 AM
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Banks need automated exceptions:
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Only 1/3 of banks now have automated repair and reprocess ability, research data shows. But the importance of reducing risks and improving reputation make them turn to automated exceptions.
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15 Sep 2004 03:31 AM
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UK CNP fraud boosted:
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UK sees a fresh wave of card-not-present fraud, which lifted to GBP 116.4 million in 2003.
This figure shows uprise from 2002 GBP 110.1 million. The Association of Payment Clearing Services (APACS) thinks this tendency will continue on the UK’s chip and PIN migration.
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14 Sep 2004 05:25 AM
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SecureCode-enabling system in promotion:
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SecureCode-enabling is being promoted by the MasterCard with over 7 million of its more than 545 million PIN-secured Maestro cards already having the system of secure online debit payments, specialists say.
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13 Sep 2004 02:46 AM
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Check 21 to influence U.S. banks:
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Celent Communications has an option to process over 40 billion checks at average value of $925 per check.
Trillions of dollars in checks are processed yearly in the U.S. with checks having a 15% share of the payments total, cash a 32% share, debit cards 31%, and prepaid cards of only 25.
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10 Sep 2004 08:59 AM
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Virtual banks to be used by convenience sector:
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Foreign Exchange Prepaid MasterCards can be used now by grocery convenience stores, says Platinum Financial Group.
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09 Sep 2004 08:16 AM
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U.S. banks to fight fraud:
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Security experts call upon U.S. banks to take steps in fighting fraud. These steps are connected with watching customer data across multiple business lines.
The best defence is lying in holistic anti-fraud protection, says Sophie Louvel, an analyst from Financial Insights
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08 Sep 2004 08:29 AM
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ABN Amro to use solution from Amdocs:
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ABN Amro, a global bank, is going to use a CRM solution from Amdocs in order to integrate its transactional system and retail banking customers in the Netherlands with merge data from silos.
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07 Sep 2004 08:49 AM
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Treasury departments seek for online cash management:
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Treasury departments now seeking for ways to optimize daily cash positions having online management and the release of working capital as two main targets.
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06 Sep 2004 08:37 AM
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Gift cards use grow:
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About $45 billion was spent on gift cards by the U.S. consumers in 2003, research data showed.
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03 Sep 2004 08:54 AM
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Nostro data: global financial institutions to use:
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Treasury functions within banks are now able to hold the information about their cash position for nostro accounts.
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03 Sep 2004 04:53 AM
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Check 21: future trends:
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Check 21 plastic system is expected to be applied in the U.S. soon as consumers are to use more ‘familiar’ payment option.
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01 Sep 2004 05:37 AM
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Credit card data needs more protection:
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Problem of the security of customers’ credit card data seems to grow as the incident when hackers obtained the details of 47,000 customers of ItsDeductible took place.
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31 Aug 2004 04:26 AM
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UK leads in issuing EMV chip cards:
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UK is a Europe leader in its rollout of EMV chip cards. Brazil is the second one to issue smart cards under EMV migration schedules.
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30 Aug 2004 09:13 AM
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UK cardholders to have PIN-secured cards:
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36 million out of 42 million UK cardholders are anticipated to have PIN-secured cards by the end of 2004, specialists say. It is much more than 10.5 million according to March 2004 data.
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30 Aug 2004 05:41 AM
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Beijing 2008 attracts sponsors:
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Beijing Olympics are expected to attract the world’s biggest companies such as Visa, General Electric and Samsung to place money in China.
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