Latest news headlines: Finextra Research

Societe Generale to standardise on Siebel

Societe Generale is to use technology from Siebel Systems to deliver a multi-channel customer information management system to 21,000 front-line banking staff. The bank's deployment is one of the largest-ever implementations of Siebel eBusiness applications in Europe.

22 December 2000

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Finextra Research signs off for Christmas and New Year break

The Finextra office will be closed after Friday 22 December, re-opening Tuesday 2 January.

22 December 2000

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Sybase opens Global Financial Solutions Center

Sybase has opened a Global Financial Solutions Centre in New York. The new facility will act as a showcase and dedicated resource for the prototyping and evaluation of banking applications.

22 December 2000

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OFT charged with cutting payments profiteering

UK banks could lose £1 billion in 'excess profits' on payment systems under new government proposals aimed at injecting fresh competition into the market for money transmission services.

22 December 2000

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Mobile service to offer ATM transactions

Euronet is to develop software for the creation of a "pocket ATM" for subscribers to Alltel Communications' mobile Internet services.

22 December 2000

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PayPal to issue MasterCard debit cards

Person-to-person payments operator PayPal is to issue a co-branded MasterCard debit card to enable customer spending at the point-of-sale and facilitate ATM cash withdrawals direct from PayPal accounts.

22 December 2000

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Postbank selects Siebel to unify customer databases

Postbank of the Netherlands is to use Siebel Systems eFinance application to develop a unified multi-channel customer information management system.

22 December 2000

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Canadian banks failing online consumers - Gomez

Canadian banks are failing to meet the needs of their online banking customers, according to a major study conducted by Internet research firm Gomez.

22 December 2000

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Visa adds sound and vision to online payments

Visa is to bring sound and vision to the e-payments markets with the introduction of an animated logo and audible signal every time a Visa product is used in an online transaction.

22 December 2000

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Barclays guarantee to counter Web banking fears

Research released by Barclays indicates that well known brands and fraud protection give confidence to Internet users who shop or bank online - but 79% of surfers cite security fears as a bar to conducting financial transactions over the Web.

21 December 2000

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Beenz to scale back operations - Evening Standard

London's Evening Standard reports that Web currency outfit beenz.com is planning to take the axe to its global network and hunt for a strategic partner.

21 December 2000

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FDC's European expansion continues with Fexco stake

Atlanta-based First Data Corp. has acquired a 25% equity interest in Irish financial services and payments company Fexco. Financial terms of the transaction were not disclosed.

21 December 2000