1159 articles tagged with this keyword
News/Legal
Australia's St George Bank is implementing anti-money laundering and compliance software from Dublin-based Norkom Technologies.
23 May 2008
US authorities have charged 38 members of an international criminal gang that allegedly used spam e-mails to steal bank account details and passwords from thousands of customers.
As the interchange debate heats up in the US, banks and credit card networks have seized upon a report by the Government Accountability Office (GAO) that claims a reduction in interchange fees would not necessarily benefit customers.
16 May 2008
US market operator IntercontinentalExchange (ICE) has received regulatory approval to establish its own clearing operation in London.
13 May 2008
Less than a month after reporting the thefts of four laptops containing unencrypted customer data, Bank of Ireland (BoI) says it is investigating claims that another computer containing confidential information was stolen back in 2001.
Some credit firms are flouting advertising rules when using social networking site Facebook to target young people with cheap loans, says UK debt charity Credit Action.
12 May 2008
Granville Associates, a UK provider of business intelligence (BI) software to the banking sector, has gone into administration.
02 May 2008
UK banking giant HSBC has called in police to investigate an alleged attempted EUR90 million fraud at its securities services division, which is rumoured to have been perpetrated by operations staff at the bank.
01 May 2008
Australian banks are looking to the country's competition watch dog to derail plans by eBay to force customers to use its PayPal service to make payments on the online auction site.
29 April 2008
The US Office of the Comptroller of the Currency (OCC) has updated risk management guidance for banks dealing with third party payments processors working for merchant clients following its probe into a scam at Wachovia which found that a lack of oversight and control allowed telemarketers to swindle thousands of elderly customers.
Credit and debit card fraud continues to undermine consumer confidence and threatens to hinder the development of a cross-border payments network in Europe, according to a European Commission (EC) report.
28 April 2008
Post trade processing outfit Omgeo says its broker dealer clients will soon be able to eliminate paper-based disclosures associated with trade confirmations and send the information electronically, whilst complying with SEC regulations.
Bank of Ireland (BoI) has admitted that four laptops containing the unencrypted personal details of 10,000 customers have been stolen.
22 April 2008
A man accused by the FBI of being part of a Toronto-based Romanian organised crime gang has been sentenced to over five years in gaol by a US court for skimming bank account details from cash machines.
18 April 2008
Financial regulators will push banks to overhaul risk management practices and improve liquidity cushions as part of a series of measures aimed at making the global banking system more resilient to "financial shocks" such as the credit crunch.
17 April 2008
A group of major French and German banks are looking to establish a pan-European card network that will compete with schemes operated by Visa and MasterCard in the region, according to press reports.
16 April 2008
A former Royal Bank of Scotland (RBS) call centre worker has been gaoled for his part in a data theft scam that resulted in the theft of £33,585 from seven customer accounts.
14 April 2008
US person-to-person (P2P) network Lending Club has stopped accepting new loans and lender registrations on its platform as it looks to register its business with securities authorities.
The Toronto Stock Exchange (TSX) says it has settled an intellectual property lawsuit it filed against the parent company of rival upstart bourse Pure Trading.
11 April 2008
The US Securities and Exchange Commission (SEC) says it has shut down an account hijacking scam involving a fictitious Latvian brokerage firm and a job advertisement on the Craig's List Web site that netted fraudsters more than $66,000 in just seven weeks.
08 April 2008
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