News


Earnings Roundup: eBay, U.S. Bancorp, JPMorgan Chase (Jan. 17, 2013)

Jan. 17, 2013 PayPal parent company eBay, JP Morgan Chase and U.S. Bancorp recently released fourth-quarter financial results. eBay Inc. reported net revenue of $4 billion for the fourth quarter ended Dec. 31, 2012, a 17.6 percent increase compared with $3.4 billion during the same period a year earlier. The San Jose, Calif.-based company also […]

French regulator raises temperature of debate in London

A heated argument that erupted between panellists at an event in London yesterday signals deep divides in Europe over the role that financial regulators should take as France and Germany introduce their own national rules.

Banks boost ICAP’s Traiana with $36 million investment

Interdealer broker ICAP has raised $36 million through the sale of a 12% stake in its Traiana post-trade processing and risk management business to a consortium of banks – Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, JP Morgan, Nomura, and the Royal Bank of Scotland.

InComm, Giftango Deal Gives Both an Edge, Observers Say (January 2013)

January 2013   By Adam Perrotta, Assistant Editor     Putting together a deal in the gift card business during the thick of the holiday shopping season is no easy  feat—just ask Giftango Corp. CEO David Nelsen, who spent the final weeks of 2012 negotiating the sale of his company to Atlanta-based prepaid distribution and technology […]

Payments Council pushes mobile payments back another year

The UK Payments Council has announced that the introduction of its planned Mobile Payments Service has been pushed back until “spring 2014” – a year after its previously expected introduction, and two years after Barclays broke from the rest of the UK banks and launched its Pingit service. The delay comes despite commitments from financial […]

German HFT proposals earn buy-side support

Market participants have expressed support for controversial new proposals in Germany to control high-frequency trading, including a requirement to obtain a licence or stop trading.

Prepaid Regulation Could Have Adverse Effects, Says Study (Jan. 15, 2013)

Jan. 15, 2013 Competition in the network branded prepaid card market has led to lower costs and better functionality for card users, says a new working paper from the Mercatus Center at George Mason University. The well-functioning market, combined with a lack of evidence that consumers are making errors when choosing a prepaid card, means […]

NCR Adds PayPal to Mobile Payment Menu for Restaurants, Retailers (Jan. 15, 2013)

Jan. 15, 2013 NCR Corp., eager to expand use of its mobile apps for restaurants and retailers, this week announced an agreement with PayPal Inc. designed to make it easier for consumers to manage their bills and pay for food using their smartphones when dining out. Duluth, Ga.-based NCR plans to integrate PayPal alongside credit […]

MasterCard Continues Africa Push with Equity Bank Partnership (Jan. 15, 2013)

Jan. 15, 2013 MasterCard has inked a deal with Kenya’s Equity Bank to issue new debit and prepaid cards over the next 18 months. The 5 million new cards will be equipped with PayPass contactless technology and EMV chips, and are set to roll out initially in Kenya, followed by Uganda, Tanzania, Rwanda and South […]