A new study has revealed that Malasyans have carried out more than 300 million transactions online, reaching $4.98 million in 2012. Most transactions comprised of funds transfers, bill payments, top-up for prepaid cards, purchases of phone cards and payments for investments in the capital market....
Delivery company P&T has installed two new mobile payment systems in its post offices. As of Monday, 14 January 2013, the Luxembourg mobile payment systems FLASHiZ and Digicash will be in use in the post offices at Luxembourg-centre and Luxembourg-gare. They will be extended to...
American Banker reports that after spending the last few years paying down debts, consumers appear ready to increase their borrowing again, lenders say. In a survey of risk managers taken in the fourth quarter and released last week, 61 percent of respondents said they expect...
Kayak added price forecasts to its flight search results, just a few months after the company published”When To Book” guidelines based “on its analysis of over one billion search queries across its products,” TechCrunch reported. The new tool means that all Kayak search results now...
The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards, AmericanBanker reported. The NCLC called the CFPB’s proposed national servicing standards “utterly inadequate.” Get the Full Story Complete the...
Jack Ma, who has been CEO of Chinese eCommerce company Alibaba for the past 14 years, will step down on May 10, 2013 but remain as company chairman, TechCrunch reported. Ma will focus on Alibaba’s strategic vision, talent development to grow the internal leadership team,...
TSYS and Visa have partnered to launch a biometric payment solution launched in India. The Saral Money program provides Indian consumers with access to financial services and electronic payments for the first time by linking Visa accounts to Indian Unique Identification Accounts. Get the Full...
Finextra reported that the U.K. banking sector is gearing up for the introduction of an industry-wide mobile payments service next spring, with eight major institutions committed to the launch, including Barclays, Cumberland Building Society, Danske Bank, HSBC, Lloyds Banking Group, Metro Bank, RBS and Santander....
Fueled by concerns that iPhone 5 demand has weakened, investors are abandoning Apple,sending the company’s stock under the $500-per-share mark, TechCrunch reported. “Apple’s shares took a substantial hit yesterday after reports broke that Apple had cut display orders in half for the current quarter, indicating...