U.K. Will Not Need More Stimulus, Says Martin Weale
U.K. will most probably not require further stimulus in addition to the current round of bond purchases taking place, according to Martin Weale, Policymaker at the Bank of England.
Eurozone Members Delay Part of Greece’s Funds
Eurozone members have delayed the approval of more than half of the Euro 130 billion bailout for Greece.
CitiDirect BE Mobile Service Processes Deal Valued Above USD 1 Billion
Citigroup’s CitiDirect BE Mobile service, available in more than 80 countries, has processed a deal taking its total transaction value above USD 1 billion.
Ireland Banks Obliged to Increase Lending to Small and Medium Sized Enterprises
Under the new ruling of the Department of Finance, Bank of Ireland and Allied Irish Banks will have to increase the amount of money loaned to Small and Medium-sized Enterprises (SMEs).
HSBC Selects Dovetail’s Payment Service Hub Solution for Sepa Processing
Hongkong and Shanghai Banking Corporation Limited (HSBC) has selected Dovetail's payment services hub, as it prepares for the 1 February 2014 Sepa migration deadline.
U.S. Retailers to Develop Own Mobile Payment System
A group of U.S. retailers, which includes Wal-Mart and Target, is developing its own mobile payments system. Details regarding the identity of most participants, working of the system,
Surveillance Report of International Monetary Fund Says Global Economy yet at Risk
Surveillance report of the International Monetary Fund, prepared by the Group of 20 nations, reveals that the global economy is yet facing substantial risks due to the European debt crisis.
European Union Bank Regulators Could Set Capital Levels in Basel Plan
Bank regulators in European Union (EU) nations will possess the powers to set capital levels on some lenders in their jurisdiction in a possible compromise to implement Basel rules in the region.
National Australia Bank Aiming to Deliver Cloud Security Standards
National Australia Bank (NAB) is planning to deliver a set of standard service-level agreements (SLA) that could be employed by companies across the globe to secure data in public and private cloud applications.
i2c Inc Provides Payment Processing Services to North International Bank
Indicated by a recently signed multi-year agreement, i2c Inc., a Global payment processing technology company, is offering processing services for North International Bank's (NIB) credit, debit and prepaid card portfolio.