Tomorrow, Wells Fargo is announcing enhancements to its CEO Mobile service , a browser-based mobile banking service for its corporate banking customers that remains unique among major financial institutions in the US. Users of CEO Mobile can now initiate and approve federal tax wires and see which self administration dual control items they can act on from their mobile devices.
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Wireless Transactions Speading FastFrom: feeds.feedburner.com
Post Date: 2008-03-04 13:08:14
Jessica Twentyman writes for the UK edition of the Financial Times about the growth in NFC-based payments , writing that "the technology that will enable such transactions has fast been gaining ground, albeit in smartcards rather than phones."
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more The Condition of the US Banking SystemFrom: feeds.feedburner.com
Post Date: 2008-03-04 11:12:35
Donald L. Kohn, Vice Chairman of the Federal Reserve, testified at a hearing of the Senate Banking Committee today about the condition of the US banking system . With respect to credit cards, Kohn commented: "the bankruptcy rate rose modestly over the first nine months of 2007 and could be a harbinger of increasing delinquency rates on other consumer loans. In view of this risk, Federal Reserve supervisors are monitoring these consumer loan segments for signs of spillover from residential ...
more Heartland Acquires Controlling Stake In Canada’s CollectivePOSFrom: feeds.feedburner.com
Post Date: 2008-03-04 11:05:16
Heartland Payment Systems has announced it has acquired a majority interest in Collective Point of Sale Solutions Ltd, a growing Canadian provider of payment processing services and secure point-of-sale solutions. Under the agreement, Heartland will maintain the CollectivePOS brand in Canada. Financial terms of the transaction were not disclosed.
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