1186 articles tagged with this keyword
News/Legal
Shares in MasterCard slumped after the card network posted a $747 million loss for the second quarter due to a $1 billion charge relating to its antitrust settlement with American Express.
31 July 2008
Thomson Reuters must remove technology developed by FaceTime Communications from its instant messaging (IM) service following a legal ruling over a late licensing payment.
30 July 2008
UK banks have been hit by record levels of fraud over the last six months and the situation is likely to get worse as the full impact of the credit crunch unfolds, according to accountancy firm KPMG.
29 July 2008
A security expert is warning of a flaw in the iPhone's e-mail application and Safari Web browser that could leave users open to phishing attacks.
25 July 2008
The UK's Association of Private Client Investment Managers and Stockbrokers (Apcims) is using the Financial Services Authority's (FSA) AGM to raise concerns about changes to existing data security measures and about the management of post-trade data following the implementation of MiFID.
24 July 2008
The Reserve Bank of India (RBI) has called on the country's financial institutions to halt mobile payment services until it has issued operative guidelines.
23 July 2008
The US House Judiciary Committee has voted 19-16 in favour of a bitterly contested bill that will allow US merchants to engage in collective bargaining over the interchange fees charged on credit card payments.
17 July 2008
A teenage hacker from New Zealand, accused of designing software to steal millions of dollars from bank accounts, has been discharged without conviction and may be offered a job fighting cybercrime by police.
16 July 2008
A former HSBC clerk who tried to steal £72 million from the bank in a massive electronic fraud has been sentenced to nine years in jail.
09 July 2008
US electronic trading network Liquidnet has filed for a $500 million initial public offering (IPO) with the US Securities and Exchange Commission (SEC).
02 July 2008
Munich-based Giesecke & Devrient (G&D) has stopped supplying banknote paper to the Reserve Bank of Zimbabwe following pressure from the German government for it to cease business with Robert Mugabe's regime.
If European firms used the EuroCCP platform to clear all trades, the industry could slash costs and save around EUR350 million a year, claims the DTCC subsidiary.
01 July 2008
MasterCard has agreed to pay rival card operator American Express up to $1.8 billion to settle a lawsuit filed in 2004 that accused it of blocking access to the bank-issued card market in the US.
25 June 2008
The European Union (EU) is set to introduce new rules that will crack down on e-commerce companies that conduct business across member states but force customers to make purchases on country-specific Web sites.
20 June 2008
Bank of Tokyo-Mitsubishi UFJ and telecoms operator KDDI have received a licence from Japan's Financial Services Agency for the launch of their mobile Internet banking service.
17 June 2008
EBay is postponing plans to force its Australian customers to use the PayPal service following the intervention of the country's competition watchdog, but says it will challenge moves to block its new payments policy.
16 June 2008
A Scottish court has heard how a woman managed to dupe a cashier into accepting a hand-made fake £20 note that stated it was from the 'Santa Christmas Bank'.
13 June 2008
MasterCard is suspending the interchange fees it charges for cross-border credit and debit transactions in Europe in order to comply with an EC ruling and avoid heavy daily penalties.
The Australian Competition and Consumer Commission (ACCC) has moved to scuttle plans by eBay to force customers to use the PayPal service to make payments on its online auction site.
12 June 2008
Discover Financial Services is seeking $6 billion in damages in a long running anti-trust lawsuit that accuses credit card rivals MasterCard and Visa of blocking its access to the bank-issued card market in the US.
10 June 2008
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