Many electronic payments will fail in Europe next month, unless the deadline for switching to the new SEPA payment system is extended, the European Commission warned Thursday.
Belgium's card payment network failed on Monday night, leaving millions of Belgians unable to pay at stores or to withdraw cash from ATMs and self-service terminals inside banks.
ASB’s new head office environment means employees can work anywhere, with the device of their choice, and printers are often on respite. CIO New Zealand takes a tour of North Wharf in Auckland’s Wynyard Quarter.
Russell Jones, general manager, technology and innovation, says ASB is working with technology firm IP Payments to deliver the service by April 2014.
Rolls out secure containerisation software for 400 devices.
Launches ‘Kiwis love Geeks’ crowdsourcing competition for mobile and web banking apps.
Success in the modern digital economy is substantially a matter of getting started earlier and learning faster. Try new things. Discover what works and do more of it. Discover what doesn’t work and do less of it.
MetService has a dual persona – a state owned enterprise with full commercial operations worldwide. It is a unique setup that keeps CIO Alistair Vickers and his team on the leading edge of business technology.
The ISIS Mobile Wallet went live on Thursday, bringing NFC-powered shopping to consumers across the U.S. through a venture backed by three of the nation's top four carriers.
After the terrorist strikes of Sept. 11, 2001, the New York Stock Exchange (NYSE) learned some valuable lessons in keeping a time-sensitive financial trading network alive during a time of crisis.
The amount of cash in circulation is continuously increasing and the vision of a 'cashless society' will not become a reality in the foreseeable future, according to Ovum.
Part of the Datamonitor group, this technology analyst firm says that in the coming years, cash will remain the primary method of retail payment by volume.
The extensive technology program required to generate annual savings of $235 million by 2013 for Suncorp-Metway's insurance business will be a continuation of the work recently finished on the integration of Promina, and be complete by next June, according to the newly promoted executive responsible for making it happen.
Suncorp's chief information officer, Jeff Smith, was promoted in April to a newly created role as group executive of Suncorp business services, which now gives him direct control over procurement, real estate and human resources operations.
The Bank of New Zealand says its Liquid Encryption Number (LEN) technology for preventing credit card fraud has been a success since it was first trialled on a limited basis in 2008, with the rate of fraudulent transactions from cloned credit cards in New Zealand down by 50 per cent. It is now in place in all BNZ credit and debit cards.
The technology works by changing numbers on cards’ magnetic strips every time a transaction takes place, or an account balance is requested at an ATM.
M-commerce is set to experience a renaissance in the financial industry, according to research firm Ovum.
Ovum said instead of focusing on promoting contactless payment technology, banks should pay attention to m-commerce in the short term.
Australia and New Zealand Banking Group has quietly kicked off an internal review of its $768 million-a-year technology operations in Australia and Asia, just two weeks after the arrival of its new chief information officer, Anne Weatherston, from the Bank of Ireland.
The bank is looking at how to structure its technology purchasing to underpin wider operations over the next few years, including the role of its Bangalore-based software factory that employs about 4000 people.