BAI

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HSBC sells US card business to Capital One

HSBC has agreed the sale of its US card and retail services business to Capital One for a premium of approximately $2.6 billion.

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Visa cites m-payments as it pushes US to EMV

Visa has signalled its determination to push the United States into abandoning mag-stripe cards in favour of EMV chip technology; a move it says will not only improve security but accelerate the adoption of contactless mobile payments.

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Japanese Citi card customers hit by data theft

Crooks have stolen and sold the personal information of over 90,000 Japanese Citi credit card holders.

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Amex notches second carrier tie-up for Serve m-payments platform

American Express has chalked up another US carrier partner for its Serve digital wallet platform, with Verizon following last month's inaugural link-up with Sprint.

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First direct site asks for public input on product development

First direct has launched an online portal where members of the public can shape products and services before they are officially released.

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Mobile to become mainstream banking channel - Sabadell

Spain's Banco Sabadell is forecasting that mobile access could become the mainstream channel to the bank for many customers, as it reveals that only one-in-five transactions are currently carried out via the branch network.

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US and UK networks ink ATM access deal

US ATM network operator Nyce has signed a multi-year agreement with its UK counterpart Link that will enable Brits and Americans to withdraw money from cash machines on both sides of the Atlantic.

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Sony eyes Australian online banking market

Electronics giant Sony is contemplating opening an online bank in Australia as it looks to expand its financial services operations beyond Japanese borders.

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Monitise forms Indonesian JV; signs up Permata

Monitise Asia Pacific has set its sights on Indonesia, forming a joint venture with local player PT Astra Graphia Information Technology (AGIT) and signing up Permata bank to an upcoming service.

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NCR strengthens Brazilian position

NCR has sold a 49% stake in its Brazilian manufacturing and engineering operations to local player Scopus Tecnologia and signed a deal with its new partner's parent Banco Bradesco for the provision of around 30,000 ATMs.

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First direct puts social media-savvy marketing man in CEO seat

First direct has appointed Mark Mullen, a social-media savvy former head of marketing at the UK online and telephone bank, as its new chief executive officer.

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Hungarian mobile wallet association established

A group of telcos have joined forces with MasterCard and OTP Bank to develop mobile contactless payments services in Hungary.

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Global m-payments take-up rising fast, but NFC breakthrough unlikely in short term

Over 141 million people around the world will use their mobile phones to make payments this year, up 38% on 2010, yet the market is actually growing slower than expected, according to a report from Gartner.

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US bank consortium develops social media framework

Bits, the technology arm of the US bank-backed Financial Services Roundtable, has issued a framework for financial institutions adopting social media and a guide to managing related security risks.