April 5, 2012 - Leading banks across Europe would have posted a huge shortfall on their minimum capital requirements had the upcoming Basel III rules been in force last year. New data published by the European Central Bank (ECB) has shown that continental financiers were around €242 billion ($316 billion) below the requirement that will be imposed in regulatory changes as of January 2013.
April 5, 2012 - Global m-payment transactions are expected to grow 97% per year, over the next three years, reaching a value of £591 billion by 2015, according to forecasts by KPMG. According to the report, growth will be fuelled by consumer demand for NFC-enabled devices that are 'always on, always fast and always accessible'.
April 4, 2012 - The Basel Committee on Banking Supervision has published its second progress report on the Basel III capital adequacy implementation, ahead of the first deadline starting on 1 January 2013. The progress report tracks the implementation of Basel II, Basel 2.5 and Basel III by Committee member countries. It outlines the progress of individual member countries in transforming the Committee's regulatory standards into national law or regulation according to the internationally agreed timeframes.
April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.
April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.
April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.
March 30, 2012 - Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.
March 30, 2012 - Visa and MasterCard are warning banks that a US credit card processor has suffered a major security breach that may have compromised the data of millions of people, according to the KrebsonSecurity blog.
