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Apple and China UnionPay have partnered to bring the US technology giant's mobile payment and digital wallet service to China.
Technology > Banking Technology > News
Apple Pay to launch in China for UnionPay cardholders
Technology > Banking Technology > News
Payment technology services provider Global Payments has reached an agreement to acquire Heartland Payment Systems in a deal that is valued at around $4.3bn.
Banking Services > Payments > News
Global Payments to acquire Heartland Payment Systems for $4.3bn
Banking Services > Payments > News
Private equity firms Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in payment solutions provider Network International from Abraaj Group.
Technology > Banking Technology > News
Warburg Pincus and General Atlantic to acquire 49% stake in Network International
Technology > Banking Technology > News
Payment systems firm ACI Worldwide has agreed to acquire 100% of ecommerce payment gateway services provider PAY.ON for $200m.
Banking Services > Payments > News
ACI to acquire PAY.ON for $200m, open new data center in Ireland
Banking Services > Payments > News
Six banks have been contracted to supply all-of-government (AOG) banking services in New Zealand for a period of up to eight years.
Intermediaries > ECN & Exchanges > News
New Zealand government awards banking services contracts
Intermediaries > ECN & Exchanges > News
Greece government secretly planned to bring back Drachma, say new reports
Some members of Greece’s ruling left-wing Syriza party had reportedly planned to bring back the drachma by raiding central bank reserves and hacking into taxpayer accounts, says a new report.
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News
Toronto-based financial technology provider DH Corporation has completed the acquisition of global payments solutions provider Fundtech for $1.25bn.
Banking Services > Payments > News
DH Corporation acquires Fundtech for $1.25bn
Banking Services > Payments > News
US-based Volante Technologies has launched a new development platform, which helps expedite payment integration projects and client on-boarding and deliver a quicker time to new revenue streams for end-users.
Banking Services > Payments > News
Volante Technologies unveils new platform to expedite payment integration projects
Banking Services > Payments > News
Canadian financial technology company D+H has signed an agreement to acquire the US-based payments solutions provider Fundtech for $1.25bn to expand its service offerings for global financial institutions and US banks.
Banking Services > Payments > News
D+H to acquire payments solutions company Fundtech for $1.25bn
Banking Services > Payments > News
Tesco Bank has launched a new ‘Balance Peek’ feature to its mobile banking App for its customers in the UK.
News
Tesco Bank launches new feature to mobile app
News
India-based information technology provider Tech Mahindra has announced that it is likely to form a joint venture (JV) with its sister company Mahindra & Mahindra Financial Services (MMFSL) if its payment bank license gets clearance from the Reserve Bank of India (RBI).
Banking Services > Payments > News
India's Tech Mahindra may form JV with group company for payment bank
Banking Services > Payments > News
Indian cellular operator Bharti Airtel’s wholly-owned subsidiary Airtel M Commerce Services has applied for a payments bank license.
Banking Services > Retail Banking > News
Bharti Airtel’s unit applies for payments bank license in India
Banking Services > Retail Banking > News
USA Technologies, Inc., a leader of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve retailing industries, today announced a nationwide rollout of new acceptance points for Apple Pay, a new category of service that transforms mobile payments with an easy, secure and private way to pay.
Banking Services > Payments > News
USA Technologies introduces Apple Pay support
Banking Services > Payments > News
Commerce Bank, a subsidiary of Commerce Bancshares, is all set to introduce a new set of payment features ‘toggle’ that improves the way customers can manage their spending and borrowing.
Banking Services > Payments > News
Commerce Bank to introduce ‘toggle’ for credit card customers
Banking Services > Payments > News
BBR White Paper Recommendations
Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of transaction-based industries, especially across their business support systems. Though the Banking industry people are particularly quick in acknowledging the glaring prevalence of revenue leakage, they are not able to pinpoint its source or quantity, or chart methodologies to ensure Revenue Assurance.... Banking Services > Commercial Banking > White Papers Customer Profitability Vs. Customer Satisfaction: Keep Guessing or Model your Pricing Strategies By Suntec
Most financial institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability metrics into the 80/20 rule or something similar — the majority of profits (80%) come from a minority (20%) of customers, products or business segments. Is profitability as simple as this? While there is no denying the 80/20 rule, how does an organization find this 20%? ... Banking Services > Commercial Banking > White Papers Banks - Reward Your Customers Incrementally, Based on Their Profitability By Suntec
Financial Institutions (FI) are on the verge of a strategic make-over. The market conditions imply an increased need to generate revenues and customer profitability, to ensure sustainability and future business success. In order to achieve these objectives, the FIs need to devise strategies that leverage customer relationships in a way that has never been done before. ... Banking Services > Commercial Banking > White Papers Achieving Measurable Gains by Automating Claims Processing By Kofax
Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. This white paper identifies seven levels of claims automation and provides a roadmap that can be followed to enhance claims processing. This straightforward approach can be used to increase the likelihood of successful automation. Download this free white paper from Kofax to find out more.... White Papers Customer Centricity: The Key to Success in Retail Banking By Kofax
The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more
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