Hagens Berman Sobol Shapiro LLP, a consumer-rights law firm, has announced it is investigating a network breach resulting in loss of customer data at Michaels Stores, following the craft-supply chain’s announcement that attackers may have breached its systems, despite warnings of network vulnerability from a noted security expert. The consumer data breach involves the store’s
Standard Bank Group (Standard Bank or the Group) and the Industrial and Commercial Bank of China (ICBC) have entered into a sale and purchase agreement in terms of which ICBC will acquire a controlling interest in Standard Bank’s London-based Global Markets business. ICBC will acquire, for cash, 60% of Standard Bank Plc, the Group’s UK
Fiserv, Inc. a provider of financial services technology solutions, has announced that its Vantage Risk and Budgeting Manager application is available as a hosted software-as-a-service (SaaS) solution via the Intelligent Workplace web portal. Vantage Risk and Budgeting Manager via Intelligent Workplace from Fiserv efficiently integrates risk and budgeting processes into a performance management framework to
Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers. Historically most banks in Ghana would issue international cards, which had wider footprints than local options, but the introduction of the new national switch, gh-link, is set to change that. Gh-link is a new service
BitPay, a provider of business solutions for virtual currencies, announces that New West Technologies, Inc. has released a Bitcoin integration for Microsoft Dynamics Retail Management Systems (RMS). Bitcoin for RMS is a progressive extension that allows Microsoft RMS to receive and process Bitcoin payments for goods and services. Using cryptography to control the creation and
American Express OPEN has announced the launch of the Enhanced SimplyCash Business Credit Card, a small business card that gives entrepreneurs the flexibility to choose 3% cash back in one of seven business-related expense categories. In addition, the Card will continue to give small business owners: 5% cash back at U.S. office supply stores and on wireless
Kenya’s NIC Bank has announced the launch of NOW mobile banking, a platform that facilitates efficient, on-the-go financial services including online cheque deposits. The company has developed a mobile application and online banking service. “This strategic shift is an answer to the emerging “NOW” generation that demands everything on their fingertips. Through this strategy, we
ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that the student prepaid cards program at Chase Bank, Kenya has been launched on the electra platform. ECS is the technology and processing partner for the program and leverages its PA-DSS certified electraPREPAID platform to provide a seamless, safe
The ATM Industry Association has announced the release of its report analysing the risks of not properly preparing for the migration from Windows XP to a Windows 7 OS following Microsoft’s end-of-support for XP in April this year. Entitled “Risks of Maintaining Windows XP Platform for ATMs”, the report recommends steps for mitigating or eliminating
Continuing its industry recognitions for its mobile solutions, FIS, a provider of banking and payments technology, recently earned the 2014 Frost & Sullivan Customer Value Enhancement Award for FIS Mobile Wallet. This prestigious recognition is based on extensive, independent competitive analysis of the North American mobile wallet market by Frost & Sullivan, an industry consultant
