02 October 2014

Company announcements

 
Payments

Merchants claim large savings from debit card reform; demand action on credit cards

30 September 2014  |  1100 views  |  0

As part of the Dodd-Frank Wall Street Reform Act, Congress reformed the debit-card swipe fees that banks charge merchants.

 
Payments

Argentina's Banco Macro launches SME loans entity on Mambu cloud platform

30 September 2014  |  783 views  |  0

Banco Macro, Argentina’s largest domestically-owned private bank, and the sixth-largest by deposits and lending, is launching a new business loans entity for microenterprises and small businesses, with the help of cloud banking platform provider Mambu.

 
Wholesale banking

Regulation driving business transformation in financial institutions

30 September 2014  |  812 views  |  0

Broadridge Financial Solutions, Inc. (NYSE:BR), the leading provider of investor communications, technology-driven solutions and data and analytics, today announced the findings of a global survey of more than 400 executives assessing recent operational changes among financial institutions.

 
Wholesale banking

Xignite releases new SDKs for fintech developers

30 September 2014  |  1008 views  |  0

Cloud-based financial market data provider Xignite today released new Software Development Kits (SDKs) for Java and .NET on GitHub for immediate use by clients, prospects and financial technology developers.

 
Wholesale banking

Boat introduces MMT standard in trade reporting

30 September 2014  |  487 views  |  0

Boat has announced the implementation of Market Model Typology (MMT) in its OTC trade reporting platform. This will further contribute to improved data quality and granularity aligned with market standards.

 
Security

The Logic Group enlists SafeNet for P2P encryption

30 September 2014  |  608 views  |  0

SafeNet, a global leader in data protection solutions, announced it is working with The Logic Group to deliver a Point-to-Point Encryption (P2PE) solution to help its customers reduce the risk of fraud and increase payment security.

 
Payments

Elavon Fanfare loyalty system available on VeriFone terminals

30 September 2014  |  784 views  |  0

VeriFone Systems, Inc. (PAY), and Elavon, a wholly owned subsidiary of U.S. Bancorp (USB) and leading global payments provider, announced today that Elavon’s new Fanfare loyalty solution for small to mid-sized customers is now available on VeriFone’s countertop payment terminals and PIN pads—the VX 520 and VX 820.

 
Payments

ACI Money Transfer System gets Swift certified

30 September 2014  |  783 views  |  0

ACI Worldwide (ACIW), a leading global provider of electronic payment and banking solutions, today announced that its market-leading global payment processing solution, ACI Money Transfer System, has achieved the 2014 SWIFT Certified Application for Payments label.

 
Mobile & online

Fiserv converts two more credit unions to DNA

30 September 2014  |  629 views  |  0

Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, today announced that it successfully converted the thirteenth-largest credit union in the United States, $6 billion Randolph-Brooks Federal Credit Union (RBFCU) based in Live Oak, Texas, and $1.5 billion Navigant Credit Union based in Smithfield, R.I., to the DNA™ platform over Labor Day weekend.

 
Retail banking

Western Union deploys self-service money kiosks in UAE

30 September 2014  |  743 views  |  0

The Western Union Company (WU), a world-leading money transfer company, announced today that it has gone live with automated self-service kiosks in the UAE that allow customers to pay bills and send money to friends and family anywhere in the world via easy-to-use touch screen terminals on a 24x7 basis.

 
Wholesale banking

MasterCard and Newgen partner for B2B payments venture

30 September 2014  |  1408 views  |  0

MasterCard and Newgen Software, a leading global provider of Business Process Management, Enterprise Content Management, and Customer Communication Management solutions, today announced a partnership to launch a digital payment solution that will facilitate faster and more secure B2B payments.

 
Retail banking

Punjab National Bank inks five-year outsourcing deal with Aegis

30 September 2014  |  809 views  |  0

Aegis Limited, a global outsourcing and technology services company, announced today that it signed a 5-year contract with Punjab National Bank (PNB), one of the largest nationalized banks in India with over 6,000 branches and a legacy of over 120 years.

 
Post-trade & ops

SGSS launches outsourced wealth management platform in UK

30 September 2014  |  717 views  |  0

Societe Generale Securities Services (SGSS) has launched a fully integrated Wealth and Investment Management outsourcing solution for the UK.

 
Cards

Agricultural Bank of China signs for NCR ATMs

30 September 2014  |  756 views  |  0

NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, today announced that for three years in a row it has out-competed other vendors in winning the largest share of the automated teller machine (ATMs) order from the central purchase of Agricultural Bank of China (ABC).

 
Payments

Standard bank selects Fundtech for corporate payments

30 September 2014  |  823 views  |  0

Fundtech, a market leader in global transaction banking solutions, today announces that Standard Bank has selected Fundtech’s cash management solution, Global CASHplus, to provide real-time liquidity management, cash flow forecasting, and balance reporting services to its corporate customers.

 
Post-trade & ops

Diamis’ Cristal selected by SGSS for managing liquidity in T2S

30 September 2014  |  689 views  |  0

SGSS has selected Diamis, a joint venture between Atos and Steria, for providing a T2S liquidity management solution in order to support Target2-Securities deployment across entities throughout Europe.

 
Wholesale banking

Ulster Bank joins Ibos network

30 September 2014  |  650 views  |  0

Ulster Bank has joined the IBOS international banking network as a full member, which enables us offer banking services in Ireland to clients of other IBOS member banks, and also allows us offer the services of these banks to our Irish client base who continue to expand globally.

 
Trade execution

OCC and US options exchanges agree new risk controls

30 September 2014  |  605 views  |  0

OCC and the U.S. options exchanges announced today the adoption of risk control standards that include price reasonability checks, drill-through protections, activity-based protections and kill-switch protections, pending regulatory approval.

 
Trade execution

TMX appoints Lou Eccleston as CEO

30 September 2014  |  604 views  |  0

TMX Group Limited today announced that it has selected Lou Eccleston to lead the organization as its Chief Executive Officer (CEO).

 
Risk & regulation

Nasdaq OMX to implement T+2 standard in Nordic and Baltic markets

30 September 2014  |  578 views  |  0

NASDAQ OMX is going to implement two-day standard settlement (T+2) to securities admitted to trading on the NASDAQ OMX Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius exchanges and the respective First North markets.

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