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3201 Results from 2003

/retail

Yahoo! uses stored value cards to take P2P payments global

Online portal Yahoo! has launched an international version of its PayDirect person-to-person payment service involving the exchange of stored value payment cards.

/retail

Abbey commissions Getronics for EUR40 million branch refit

Getronics has won a EUR40 million contract to completely refit the entire UK branch infrastructure of Abbey National.

/retail

Dubai Bank licenses Trintech PayWare card management system

One-year old Dubai Bank of the UAE has selected Trintech's PayWare CMS solution to manage all of its card processing requirements

/retail

BNP Paribas outsources Eftpos terminal management to Axalto

BNP Paribas is to outsource the installation, management and maintenance of its installed base of Eftpos terminals to Axalto, formerly Schlumberger Smart Cards & Terminals.

/retail

TSYS appoints Knutson to head European business

EFT vendor TSYS continues the shake-up of its top management with the appointment of Kelly Knutson as managing director of its European business.

/wholesale

JPMorgan implements TimesTen for real-time program trading

JPMorgan has gone live with a new equities stock booking and allocation application, dubbed Cheops, using real-time data handling software from TimesTen.

/regulation

Rabobank signs with Ubitrade/Fermat for Basel II credit risk calculations

Rabobank is to use the Ubitrade-Fermat Basel II calculation engine for the monitoring of credit risk under the forthcoming capital accord.

/Sibos

Canada's ONE Signature acquires Simplex

UK financial and IT business consultancy Simplex Consulting has been wholly-acquired by ONE Signature Financial Corporation, a Toronto-based financial services provider for an undisclosed sum.

/retail

GZS releases international acquiring platform

Germany's Gesellschaft für Zahlungssysteme (GZS) has taken the wraps off its new international acquiring-processing platform, eMAXS.

/retail

MasterCard selects vendors for PayPass roll-out

MasterCard has selected technology from Amtel and On Track Innovations (OTI) for its PayPass card scheme, in a first step towards large-scale production of contactless chip payment cards in the US.

/regulation

Financial firms to increase investment in compliance

Financial institutions view compliance with regulations such as Basel II and Sarbanes-Oxley as the single most important driver of business strategy in 2004, according to a survey by Sun Microsystems.

/wholesale

Lava Trading extends royalblue lawsuit

Lava Trading of the US has extended its patent infringement claim against UK-based dealing systems vendor royalblue to include allegations of unfair trade practices.