1236 articles tagged with this keyword
News/Legal
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.
02 July 2008
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
MasterCard and Visa have come under more pressure over interchange fees after US senator Dick Durbin introduced a bill that would give retailers and merchants the power to negotiate to reduce charges for card transactions.
06 June 2008
Newly-merged market operator Nasdaq OMX has appointed Credit Suisse executive Steve Matthews as chief legal and compliance officer of its new pan-European market for blue chips.
30 May 2008
State Street Corporation says computer equipment containing personal data belonging to staff and customers of its recently acquired Investors Bank & Trust (IBT) unit has been stolen.
29 May 2008
Dutch banking group ING and Paris-listed IT services firm Atos Origin are teaming up to provide Sepa-compliant payment processing services to banks and corporations in Europe.
A California man has been charged with multiple counts of fraud for allegedly stealing more than $50,000 from online brokerages by opening thousands of accounts using the names of cartoon characters.
Glitches with the PayPal service has left merchants unable to accept some international payments for almost two weeks. The bug has also prevented merchants from charging some customers for handling costs.
28 May 2008
The European Central Bank (ECB) is calling on central securities depositories (CSDs) to sign up to Target2-Securities (TS2), its proposed integrated securities settlement system in the euro zone.
23 May 2008
Australia's St George Bank is implementing anti-money laundering and compliance software from Dublin-based Norkom Technologies.
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
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