BNP looks to standard Swift messages for improved collateral protection

BNP Paribas Securities Services and Swift are collaborating to enhance the bank’s collateral protection solutions for corporate, buy-side and sell-side clients. The bank has set up “Margin Project”, planning to integrate Swift’s standardised tri-party collateral messages to ensure full compliance with the upcoming regulatory requirements on OTC transaction, mitigation of counterparty risk, asset safety and […]

Amex to Issue EMV Corporate Cards in First Half of 2013 (April 23, 2013)

With the switch from magnetic stripe to EMV-equipped payment cards in the U.S. on the horizon, American Express said it will begin issuing corporate cards with chip-and-signature EMV technology within the first half of this year. The new cards will offer enhanced security by using advanced encryption technology that makes it more difficult for unauthorized […]

Fan-Centric Programs Announced on Both Sides of the Pond (April 23, 2013)

StoreFinancial Services has announced a marketing program designed to strengthen the bond between professional sports teams and their fans, as well as ties between team sponsors and their customers. With the Fan Experience Card program, which features a restricted authorization network (RAN) prepaid card that can be redeemed at any merchant inside or outside the […]

SBI Launches Visa-Branded Prepaid Card for Workers, Students (April 23, 2013)

State Bank of India (SBI) has launched a new prepaid card targeted for use by students and blue collar workers, the bank said. The Visa-branded State Bank Smart Payout Card is available at all SBI branches and can be used for POS and online purchases, as well as ATM cash withdrawals. Cards can be loaded […]

DTCC hires Tierney to head Asia Pacific unit

US post-trade services utility the DTCC has appointed Peter Tierney as regional head of Asia, as the company continues its drive to be a global centre for OTC derivatives reporting.