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Companies Expand Number of Banking Relationships, gtnews Survey Shows - 29 August 2014

At first glance, corporate treasurers are expressing satisfaction with their banking relationships, but scratch below the surface and they aren’t completely satisfied with specific types of  services offered, according to a survey report released today by gtnews, the global financial information resource

 

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New NACHA Rules Aim to Reduce Exceptions and Returns - 28 August 2014

NACHA has approved two new amendments to its operating rules to improve automated clearinghouse network quality by reducing the incidence of ACH transactions that result in exceptions and returns ...

SEC to Assess Stock Market Tick Size Impact for Smaller Companies - 27 August 2014

he US Securities and Exchange Commission (SEC) announced Tuesday that the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) filed a proposal for a plan that would widen minimum quoting and trading increments (tick sizes) for certain stocks with smaller capitalization ...

Experts Reveal Key Tips for Reviewing Finance Software - 27 August 2014

Businesses that fail to conduct regular reviews of finance systems and continue to rely on outdated legacy software are putting themselves at risk, according to software provider Advanced Business Solutions. In a new guide, Advanced reveals key tips for companies thinking of undertaking such a review

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More than 1,000 Companies Hit with Backoff Malware - 26 August 2014

More than 1,000 US businesses have been compromised by Backoff malware, according to an “infection assessment” by the US Department of Homeland Security (DHS). This particular malware affects retailers at the point-of-sale (POS) and can steal consumer payment data ...

Zumigo Closes $6m Funding Round - 26 August 2014

Zumigo Corporation, a developer of mobile device location and identity verification technology, announced that it has closed $6 million in Series B financing led by new investor Intel Capital. Existing investors including Aligned Partners also participated in the round ...

ECB Identifies Four Systemically Important Payment Systems - 25 August 2014

The European Central Bank (ECB) has identified four systemically important payment systems (SIPS), which are subject to new regulations that came into effect on 12 August 2014. The regulations cover large-value and retail payment systems in the euro area operated by both central banks and private entities, and aim to ensure efficient management of risks as well as sound governance ...

Report: Blockchain Technology Could Go Far Beyond Bitcoin - 25 August 2014

Though bitcoin is known predominantly as a currency and payment method, the blockchain technology behind it has the potential to be a disruptive force to the financial system, according to a new report from research and consulting firm Celent ...