E-crime costs UK retailers £205m a year with personal identification-related frauds most-expensive
by Kylene Casanova
The British Retail Consortium (BRC) estimate that the total cost of 'e-crime' to retailers in 2011-12 was at least £205.4 million.
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J.P. Morgan executes first transaction of Hong Kong Monetary Authority Repo Financing Platform
by Kylene Casanova
J.P. Morgan has executed Hong Kong's first HKD tri-party repo transaction between Bank of China (Hong Kong) Limited ( and Barclays Bank plc, the first such trade following the launch of the Hong Kong Monetary Author
Barclays and Absa Group in talks to combine their Africa-based assets
by Kylene Casanova
Barclays PLC and South Africa's Absa Group Ltd. are in discussions to combine their Africa-based assets, a move they hope will accelerate the banks' expansion across the continent. Barclays, which has a 55.5% shareh
Volante to provide LCH.Clearnet with OTC message integration solutions
by Kylene Casanova
Volante Technologies, the message company, today announced an agreement with LCH.Clearnet Limited to provide their software for standard message formats used in the clearing of OTC asset classes.
Basel Committee consults on FX Transaction Settlement Risk
by Kylene Casanova
Since the Basel Committee on Banking Supervision’s Supervisory guidance for managing settlement risk in foreign exchange transactions (2000) was published, the foreign exchange market has made significant strides in
E-invoicing market guide 2012
by Kylene Casanova
The ‘E-invoicing market guide 2012’ from The Paypers builds on the success of the previous year’s edition. It brings together the most complete and up-to-date overview of the global e-invoicing ecosystem, mapping ou
Barclays extends Pingit to Kenya
by Kylene Casanova
Launched in the UK earlier this year, Pingit is a person-to-person payment service that enables people to send and receive money using mobile phone numbers.
It’s the personal touch that generates repeat business
by Kylene Casanova
Old fashioned personal service is returning to the point of sale (POS) using a combination of mobile phones, iPads and the card schemes.
Combining FIREapps and Hedge Trackers enabled Jabil Inc. to manage their FX exposures across their d
by Kylene Casanova
Previously, even with a single instance of SAP, the independent operation of each manufacturing facility made it difficult for Jabil's Financial Risk Management Treasury team to identify accurately and effectively
Square introduces monthly pricing
by Kylene Casanova
Square commenced their merchant services in the USA with a flat 2.75% fee per swipe for mobile payments enabling anyone to accept credit and debit cards.
Everyone is vulnerable to invoice fraud even banks
by Kylene Casanova
Everyone is vulnerable to invoice fraud. Lloyds TSB in the UK took a hit after one its workers was found to have submitted false invoice payments over a period of four years, before laundering the proceeds.
Guardian Analytics launches behaviour-based fraud prevention service for ACH transactions
by Kylene Casanova
Guardian Analytics, a US behavioural analytics fraud prevention software developer, have added a new ACH module to FraudMAP.
Access to 145 million active Chinese online shoppers via PAY.ON
by Kylene Casanova
PAY.ON have integrated China UnionPay (China CUP) and subsidiary ChinaPay into its PayPipe routing gateway. This development means that payment service providers and their merchants in the US, Europe and other parts
Dennis Sweeney to join BofA Merrill Global Transaction Services Business team
by Kylene Casanova
Dennis Sweeney has been named managing director and a Treasury Solutions Executive at the Global Transaction Services business of BofA Merrill. He will join in September and be based in New York.
MyTreasury new browser based platform, recent clients and integrations
by Kylene Casanova
Today MyTreasury launched their new browser based Investment Portal:
HSBC completes first RMB trade settlement in India
by Kylene Casanova
HSBC India has executed the first renminbi (RMB) denominated cross-border trade transaction in India for a major pharmaceuticals company, and said that the transaction had seen the bank join a growing list of HSBC e
European Commission launches tool to combat VAT fraud
by Kylene Casanova
A proposal for a Quick Reaction Mechanism (QRM), that would enable Member States to respond more swiftly and efficiently to VAT fraud, was adopted by the Commission today.
FXSpotStream starts bank to client production trading
by Kylene Casanova
FXSpotStream has completed the build out of its sites ahead of schedule and the service is now available globally from FXSpotStream's hosted sites in New York, London and Tokyo. FXSpotStream' s liquidity providers,
Use biometric debit cards to distribute payroll or benefits and minimise fraud
by Kylene Casanova
Since March, the South African Social Security Agency (Sassa) has worked with Net1 UEPS Technologies and Grindrod Bank to distribute more than 2.5 million MasterCard cards, which use biometrics to help fight fraud,
Bloomberg’s FX trading platform is selected by Vodafone Hutchison Australia
by Kylene Casanova
Vodafone Hutchison Australia (VHA), a 50:50 joint venture between telecommunications groups Vodafone and Hutchison 3G, has selected Bloomberg’s foreign exchange trading platform (FXGO) to manage exchange rate risk.
Cash is the fall back, cash is king
by Kylene Casanova
Fans attending the London Olympics football match between Team GB and the United Arab Emirates (UAE) at Wembley Stadium found that they could only purchase food and drink for cash after their card payments were reje
Use a smartphone to verify online purchases
by Kylene Casanova
A new solution is coming to verify online purchases more secure. SafePay Solutions, a Canadian authentication based company, has revealed plans to launch a new tool which uses a smartphone to verify online purchases
BofA Merrill expands Commercial Card coverage
by Kylene Casanova
New York and London: BofA Merrill today announced that its card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden.
mopay extends its mobile payments portfolio in the Middle East & North Africa
by Kylene Casanova
mopay, a global provider of online payment solutions, today announced the successful completion of its large-scale network extension initiative in the Middle East & North African (MENA) region.