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Global Payments
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Yuan Widely Used to Settle Payments
Apr 5, 2016The global transaction services organization SWIFT says the Chinese currency is increasingly being used by financial institutions worldwide to settle transactions. The organization said the yuan remained the fifth most used currency for ...
Tags: SWIFT, Chinese currency
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Majority of US Merchants Not EMV-Ready
Sep 18, 2015Only 27 percent of U.S. merchants will be EMV-ready by the October 1st liability shift, down from 34 percent estimated in March, according to a survey by the Strawhecker Group (TSG) released Thursday. By December 2015, 44 percent of ...
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China's New Yuan Loans Rise in January
Feb 23, 2015The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
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China Is Unlikely to "Purposely Weaken" Its Currency
Feb 10, 2015China is unlikely to "purposely weaken" its currency, the yuan, or renminbi (RMB), as it would go against the authorities' commitment to economic rebalancing and structural reforms, HSBC said on Monday. Even dismissing the economic ...
Tags: weaken currency, RMB
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PayPal Will Introduce a Mobile Chip-and-PIN Version of Its Payments Service in Europe
Feb 26, 2013PayPal will introduce a mobile chip-and-PIN version of its payments service in Europe, starting with a selection of U.K. businesses over the coming months. PayPal Here will fully launch in the U.K. this summer and will be available in ...
Tags: PayPal, payments service, chip-and-PIN
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Cyber Criminals Have Moved Beyond The Traditional PC, Even The Mac OS X with New Attacks
Jan 29, 2013Cyber criminals have moved beyond the traditional PC, targeting Android, social media and even the Mac OS X with new attacks, according to Trend Micro’s 2012 Annual Roundup and Mobile Security reports. Malware targeting Android alone ...
Tags: cyber criminals, traditional PC, Android, social media
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Swan Is Due to Hold Further Talk to Increase Yuan Investment and Trade with Australia
Jan 14, 2013In a speech to be delivered today in Hong Kong, the Treasurer says he is due to hold further talks with Hong Kong financial secretary John Tsang this week in a bid to increase yuan investment and trade with Australia. The negotiations to ...
Tags: Hong Kong, Treasurer, finance, global trade payments
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High-Profile Businesses Are Being Unfairly Criticised for Poor Security
Dec 25, 2012when the real blame lies with their security solutions providers,according to the founder and CTO of search engine tech firm Simplexo. Further reading Security:Adapt and loosen up,or die,says Gartner ICO to check out Tesco.com security ...
Tags: Simplexo CTO, security solutions providers, Simon Bain, Cloud providers
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Global Payments Associated with an Estimated 1.4 Million Payment Cards Was Stolen
Dec 20, 2012Global Payments, which back in the spring reported a data breach in which information associated with an estimated 1.4 million payment cards was stolen, has revealed that expenses associated with investigations, fines and remediation has ...
Tags: Global Payments, data breach, information, investigations, fines
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Hub International Has Named Joseph Hyde as The CFO
Nov 30, 2012Hub International has named Joseph Hyde as the chief financial officer (CFO) of the firm effective from 15 August 2012, who will report Martin Hughes, chief executive officer. Martin Hughes said, "Given Joe's extensive financial and ...
Tags: Hub International, Joseph Hyde, CFO, insurance, insurance company
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Payment Companies Are Ramping up Their Mobile Offerings in Scramble for Lucrative Market
Nov 27, 2012Mobile phones are expected to play a significant role in the future of cashless payments in remote and on-premise purchases. Payment companies are ramping up their mobile offerings in the scramble for this lucrative market. ...
Tags: mobile phones, cashless payments, remote purchases, on-premise purchases
