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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 ...

UK Crackdown on Foreign State Payments - 22 August 2014

The UK government said that from 2015 onwards energy and mining firms will be required to disclose any payments made to governments in countries where they operate ...

Lombard Risk Offers Tools to Meet EBA Reporting Requirements - 22 August 2014

Lombard Risk Management, the UK provider of end-to-end European Banking Authority (EBA) reporting automation and automated eXtensible business reporting language (XBRL) tools, is offering comprehensive support for multiple versions of XBRL taxonomies at the same time ...

US Corporate Bond Issues Nearing US$1 trillion Mark - 22 August 2014

US corporate bond issuance is fast approaching a record for the third consecutive year as companies take advantage of a surprising interest rate decline to stock up on cash, according to the Wall Street Journal ...

Russia Sanctions Scupper US$2bn Rosneft Deal with Vitol - 21 August 2014

A planned US$2bn deal between Russian state oil group Rosneft and Vitol, the world’s largest independent oil trader, has been scrapped as Western nations step up economic sanctions against Russia, according to the Financial Times ...

Singapore Skills Shortage Drives up Salaries - 21 August 2014

A drive for local talent mandated by the Singapore government has created a candidate-driven employment landscape and domestic wage inflation, according to the 2014 Mid-Year Market Update issued by recruitment firm Robert Walters ...

Standard Bank Offers Insights on African Corporate Borrowing - 21 August 2014

South African corporate borrowing is being driven through expansion into Africa coupled with refinancing activities, especially as a slower domestic economy curbs the need for bank loans and bond issuance required for local expansion, according to Standard Bank ...

US Industry Chief Says Payments Firms Warming to Bitcoin - 20 August 2014

Virtual currency Bitcoin’s perceived benefits as a more efficient, less costly alternative to traditional payment options have caused many to view incumbent payment service providers (PSPs) as antiquated competitors ...

TIPCO Signs Cooperation Agreements - 20 August 2014

Austria’s TIPCO, a specialist in the area of treasury reporting and forecasting systems, has entered into several cooperation agreements that includes one with international treasury management (TMS) system vendor Reval ...

Cyber Attack Risk ‘Could Derail M&A Boom’ - 20 August 2014

The collapse of five proposed mega-deals on August 5, for reasons ranging from a lack of board engagement to excessive regulatory interference, was “one of the darkest days for mergers and acquisitions [M&A] in Wall Street history” ...