Daily News RSS

The Federal Reserve Bank of Atlanta has selected IBM to modernize its ACH processing platform. During ACH operations, the Federal Reserve serves as the central operator ensuring electronic payments (direct deposit, bill payments) clear and settle between commercial banks. The Federal Reserve will implement IBM’s Financial Transaction Manager to process the billions of ACH and check [...]

The post Federal Reserve selects IBM for ACH processing platform overhaul appeared first on Payments Cards & Mobile.

CaixaBank is launching imaginBank, Spain’s first mobile-only bank providing banking services exclusively through mobile apps and social networks. CaixaBank currently services 2.9 million customers aged between 18 and 35, with a market share in this segment of 30%, meaning one in three individuals in Spain in this age range are CaixaBank customers. The bank, led [...]

The post imaginBank: Spain’s first mobile-only bank appeared first on Payments Cards & Mobile.

Ingenico has reached a strategic 50,000 POS terminals landmark to serve the unbanked population and becomes the indisputable Financial Inclusion-enabler in Africa. “This milestone is taking us to the forefront of the Financial Inclusion market in Africa where three quarter of the population is still unbanked,” commented Luciano Cavazzana, Eastern Europe & Africa Managing Director for [...]

The post Ingenico deploy POS terminals to develop Financial Inclusion in Africa appeared first on Payments Cards & Mobile.

16.5 billion e-commerce card payments worth $2.1 trillion were made worldwide in 2014 according to a recent study . Increased penetration of smartphones and tablets, as well as a rising number of online merchants, is leading to greater use of the e-commerce channel. Global Payment Cards Data and Forecasts to 2020 reveals that the payment [...]

The post Global e-commerce card spending reaches $2.1 trillion appeared first on Payments Cards & Mobile.

Wincor Nixdorf will provide round-the-clock remote monitoring of Banco Santander’s 5,200 ATMs, located both in the bank’s branches and at third-party locations. As soon as problems are detected, specific remote measures will be initiated to remedy them. The proactive service will translate into higher system availability. Wincor Nixdorf will also be responsible for regular maintenance, [...]

The post Wincor Nixdorf partners with Mexican subsidiary of Banco Santander appeared first on Payments Cards & Mobile.