Retail banking - Announcements, News, Articles & Research: Finextra

American Express pushes ahead with ExpressPay wireless payment system

Instead of paying for goods and services with cash or credit cards, customers could soon be paying with a wave of the hand as the latest Wireless Payment system from credit card giant American Express continues to expand.

28 January 2004

/retail

Mony implements AXS-One e-mail and instant messaging compliance system

AXS-One Inc. (AMEX:AXO), a leading provider of e-business solutions, today announced that MONY Group, a financial services holding company with approximately $55 billion in assets, has completed implementation of a state-of the-art corporate compliance solution.

28 January 2004

/retail

CSC wins $30 million Vesta outsourcing contract

Computer Sciences Corporation (NYSE:CSC) today announced that it has signed a five year, $30 million information technology (IT) outsourcing agreement with Vesta, the third largest insurance company in Norway.

27 January 2004

/retail

Peppercoin adds RSA encryption technology to micropayments system

RSA Security Inc.(NASDAQ:RSAS), the most trusted name in e-security(R), today announced that Peppercoin, Inc., a micropayments company that enables profitable new business models for low-priced digital content and physical goods, has implemented RSA BSAFE(R) encryption software as part of the core of the Peppercoin Payment System.

27 January 2004

/retail

Visa, USAID and FINCA form microfinance partnership

The US Agency for International Development (USAID), FINCA International(Foundation for International Community Assistance) and Visa International today announced a major public-private partnership that aims to bring new efficiency and security to microfinance clients in the developing world utilising electronic payment products.

27 January 2004

/retail

Bisys enhances regulatory consulting services for institutional managers

BISYS, a leading provider of business process outsourcing solutions for the financial services sector, today announced its enhanced package of independent and comprehensive legal, regulatory, and compliance services that help its mutual fund and hedge fund management clients develop and maintain efficient, effective compliance infrastructures.

27 January 2004

/retail

CGI reports multi-million, multi-year contract extensions

CGI Group Inc. (CGI) (TSX: GIB.A; NYSE:GIB;), a leading provider of information technology (IT) and business process services, today announced the signing of a number of key multi-year contracts valued at a total of CDN$39.4 million.

26 January 2004

/retail

Fiserv to provide Northern Trust with cash vault processing

Fiserv, Inc. (Nasdaq:FISV) has signed a multi-year agreement to provide Northern Trust (Nasdaq:NTRS) with cash vault processing services, creating one consolidated relationship with Fiserv for both check and cash operations.

26 January 2004

/retail

Gemplus achieves CMM certification

Gemplus International, the world's leading provider of smart card based solutions, today announced that it has achieved the CMM Level 2 certification standard.

26 January 2004

/retail

Philips and IBM join forces in the RFID and smart card marketplace

Royal Philips Electronics and IBM today announced a major initiative to jointly develop customer systems for radio frequency identification (RFID) and smart card applications. Working together, Philips and IBM will combine their industry expertise to address the growing need for advanced high-security smart cards and RFID technology in day-to-day business processes, operations and consumer lifestyles.

26 January 2004

/retail

OFX consortium releases OFX 2.0.2 XML schema

The Open Financial Exchange (OFX) Consortium today announced the public availability of the OFX 2.0.2 XML Schema. This release enables financial institutions and their technology providers to build state-of-the-art OFX systems faster and more cost-effectively using the many off-the-shelf XML development systems that are currently available.

22 January 2004

/retail

PNC joins NACHA

PNC Bank, National Association, a member of The PNC Financial Services Group, Inc., has joined NACHA - The Electronic Payments Association as a financial institution member. Since January 2001, when a reorganization re-opened membership, the number of NACHA's direct financial institution members has more than doubled from eight to 17.

21 January 2004

Company updates