Latest Retail banking News: Finextra Research

Venture capitalists reverse funding decline as prospects improve

US venture capitalists reversed a three-year downward trend by investing $20.9 billion into 2876 deals in 2004, according to the annual MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association.

24 January 2005

/retail

Chip card vendors form Smart Pay Alliance

Chip card manufacturers Axalto, Gemplus, Giesecke & Devrient (G&D) and Oberthur Card Systems have established a Smart Payment Alliance (SPA) to promote the use of chip-based cards for making payments.

24 January 2005

/retail

Banks remain top target for phishers

Instead of targeting online retailers in the run up to Christmas, phishers continued to focus on financial institutions as the most targeted sector for spam attacks in December, according to the latest stats released by the Anti-Phishing Working Group (APWG).

24 January 2005

/retail

CheckFree bounces back into the black

US-based electronic payments firm CheckFree has posted a second quarter profit of $13 million - compared to a $1.9 million loss a year ago - after recording increased sales at its electronic commerce, investment services and software divisions.

21 January 2005

/retail

Nestlé Rowntree promotes innovative KitKash campaign on ATMs

Confectionary company Nestlé Rowntree is launching a national ATM advertising campaign for its KitKash promotion - which allows customers purchasing KitKat packs to collect loyalty points that can be redeemed on a sale and auction Web site.

21 January 2005

/retail

Former Citicorp chief and IT visionary Wriston dies at 85

Walter Wriston, the banker credited with turning Citicorp into an information technology powerhouse, has died at the age of 85.

21 January 2005

/retail

I-flex to open development centre in Chile

Indian financial technology vendor i-flex solutions is opening a development and support centre in Chile.

21 January 2005

/retail

Scotiabank delivers Canada Post EBPP service to online customers

Canada's Scotiabank is providing its online customers with access to epost, an electronic mail and bill presentment and payment service provided by the national postal service.

20 January 2005

/retail

Decrease in margins only cloud for Jack Henry

Acquisitive US financial technology house Jack Henry & Associates is reporting a 21% increase in revenue and 22% growth in gross profit and net income for the second quarter ending 31 December 2004, compared with the year earlier period.

20 January 2005

/retail

AttentiV displeases City with client setback

AttentiV Systems stock has been knocked by an unexpected setback at one of the UK financial software firm's biggest clients.

20 January 2005

/retail

TSYS to acquire full ownership of Vital Processing Services

Georgia-based electronic payments processor TSYS has signed an agreement to acquire the 50% equity stake it doesn't already own in Vital Processing Services from Visa USA for $95 million.

20 January 2005

/retail

Wells Fargo launches integrated online banking and brokerage site

US bank Wells Fargo has launched a new integrated online banking and brokerage service.

19 January 2005

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