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Worldpay expands sales reach in China with addition of Shanghai office

Worldpay recently opened its first sales office in China in Shanghai as part of an effort to service Chinese businesses that are increasingly global. The office will be led by Tang Kok San, Worldpay’s vice president of business development in China, and will offer all of the company’s customer-facing functions. “The Chinese e-commerce... Read More...

OCC’s Curry warns of third-party security risks for financial institutions

Comptroller of the Currency Thomas Curry spoke on Wednesday on the growing threat of cyberattacks and concerns regarding financial institutions’ reliance on third parties to secure their own systems. “The fact is, we live in a world where consumers use their cellphones to deposit checks, pay bills over the internet and make purchases at... Read More...

Wells Fargo launches Get College Ready site for students, families

Wells Fargo launched the Get College Ready website last week, allowing parents and students to calculate and prepare for college costs. The online platform provides information on comparing education award letters, understanding various financing options and options available to cover non-tuition expenses like rent, books, campus events and... Read More...

SHAZAM, Visa announce agreement on EMV debit solution

The SHAZAM payment network and Visa announced an agreement on Wednesday to allow issuers to use the card company’s common EMV debit solution for Visa- and SHAZAM-branded cards and transactions. “This agreement reflects nearly two years of industry engagement,” SHAZAM CIO Terry Dooley said. “SHAZAM is proud to have acted as a driving... Read More...

NFC Forum releases tech specs for download

The NFC Forum launched on Wednesday a set of nine free technical specifications available for public download in an effort to bolster NFC products and services. The nine new specifications bring the total completed by the NFC Forum to 21. ABI Research, according to the NFC Forum, estimates that more than 500 NFC-enabled devices will reach the... Read More...

CFPB proposes revisions to international money transfer rules

The CFPB proposed revisions on Tuesday to its international remittance rule as part of an effort to ensure financial institutions have adequate time to provide the required disclosures. “It is critical that we are able to protect consumers who send money abroad and that we preserve access to such services,” CFPB Director Richard Cordray... Read More...

PYMNTS.com launches bitcoin price, volatility indices

PYMNTS.com, an information provider on the future of the payments industry, announced on Tuesday the launch of the real-time Bitcoin Price Index to track the trading price of bitcoin, a controversial yet increasingly popular alternative currency. “Alternative currencies are a fast growing part of the payments landscape,” PYMNTS.com... Read More...

NRF to establish retail information-sharing platform to combat cybercrime

The National Retail Federation said on Monday it will establish a program to provide the retail community with information on cybersecurity threats identified in the financial services sector. The program, which will be developed in partnership with the Financial Services Information Sharing and Analysis Center, will set up an... Read More...

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