News


Standard Chartered poaches corporate finance head Burnett from UBS

Standard Chartered has appointed Peter Burnet as its regional head of corporate finance for northeast Asia. In his new role, Burnett will cover project and export finance, mergers and acquisitions advisory, structured trade finance, financing solutions and equity capital markets.

Finland’s Alandsbanken adopts SunGard risk management tools

Nordic bank Alandsbanken has chosen risk management tools from SunGard, which it says will help the bank to comply with new financial regulations. SunGard’s Ambit Risk and Ambit Performance products will be used by the bank to manage interest rate and liquidity risk and help the bank keep track of its balance sheet.

Networks Make Their Case as White House Weighs Cross-Border AML Rules (April 2, 2013)

With government officials considering a FinCEN anti-money laundering rule that would require consumers to report when they transport prepaid cards, along with cash and/or monetary instruments, with a value of more than $10,000 into or out of the country, representatives from three payment card networks went to the White House to request the rule be […]

Digital River adds paysafecard to Online Shopping Checkout Menus (April 2, 2013)

Online merchants using Minneapolis-based Digital River Inc.’s e-commerce platform may now add paysafecard, a European-based prepaid electronic payment option, to their consumer checkout menus, the companies said. Paybefore Award-winning paysafecard, founded in 2000 in Austria, provides prepaid payment services for more than 450,000 European and U.S. merchants in 33 countries. Adding paysafecard “makes online purchasing […]

Ukash to Debut Cash Withdrawal Service (April 2, 2013)

London-based prepaid voucher provider Ukash is rolling out a new service that will enable customers to turn their vouchers back into cash. Set to debut later this month, the Cash Withdrawals service lets users turn their game winnings or Ukash transaction change into cash at more than 24,000 PayPoint-enabled retailers throughout the U.K. Previously, Ukash […]

Report: Global M-Payment Development Favors No Single Technology Yet (April 2, 2013)

Mobile payments are evolving at different rates around the globe, with Asia leading other regions including Latin America, Europe and North America in growth. However, progress is uneven and it remains unclear which payment technology will prevail worldwide, according to a new report from Amsterdam-based payments consulting firm Innopay. In Japan, for example, contactless payments […]

MasterCard Signs MOU with China’s Alibaba Group (April 1, 2013)

Consumers and businesses inside and outside of China may have enhanced online payment options now that Chinese online commerce giant Alibaba Group and MasterCard have signed a memorandum of understanding (MOU) to work together on e-commerce. In addition to enhancing e-commerce, the companies said key goals of the MOU include working to help combat intellectual […]

CFSI Report Outlines ‘Next Chapter’ in Govt. Benefit Programs (April 1, 2013)

Prepaid cards represent “the next chapter” of electronic government payments, according to a new report from the Center for Financial Services Innovation (CFSI) and the Hudson Institute, which outlines ways to make benefit disbursement cards even more beneficial to recipients. One approach to improving benefit cards is by increasing the choice of card products available […]