transaction processing in news
Betfair spins into financial trading
News As with Betfair, the business is dependent on technology that can ensure a formidable level of performance - or what Andy Phillips, head of systems at TradeFair, calls an "extreme transaction processing... [10 Nov 2008]
Businesses fear Sepa debit fraud risk
News In a survey conducted by Experian in April, 98 per cent of respondents have no plans to enhance payment fraud checks as they join Sepa, even though the increased volume in high speed transaction... [22 Jul 2008]
Whitbread serves up £1m saving on card payments
News Movement away from 'swipe and sign' in our restaurants means we are no longer liable for fraudulent payments and have also benefited from an improvement in transaction rates as a result of the shift. Hospitality group... [07 May 2008]
Credit crunch prompts the great cash comeback
News The consortium puts the cost to retailers of processing a credit card transaction at up to 17 times higher than the charge for handling a cash payment and accuses card companies of pushing cashless... [21 Apr 2008]
HSBC vows to increase tech investment
News The bank has previously said it expects its annual IT budget to hit $5bn as it invests in core systems to help cut processing and transaction costs. HSBC will continue to increase investment in... [04 Mar 2008]
BT plumps for BPO 'X' factor
News These include finance and accounting systems, transaction processing, financial reporting and payroll services. BT has extended its outsourcing deal for the running of its financial reporting systems... [30 Aug 2007]
VocaLink is born
News VocaLink says banks will benefit from lower transaction costs on the new platform - and the more banks that use VocaLink's system, the more those costs will come down. Mike Hampson, head of financial institutions for... [02 Jul 2007]
UBS to offshore 750 jobs to India and Poland
News UBS already has its own knowledge and business process outsourcing centre in Hyderabad in India, which employs around 950 people for research, analytics and transaction and data processing. Swiss-based... [25 Jun 2007]
Google wants your money
News When a transaction goes through the service, the retailer is charged a fee but Google is offering a discount deal whereby £10 of orders are processed for free for every £1 spent on advertising with the search giant. [13 Apr 2007]
Job losses at Neteller as US law bites
News The company's services were used extensively for payments made to online gambling sites before a change in US law last year made that type of transaction illegal.silicon.com Financial Services Neteller, the online... [16 Feb 2007]
Five million benefits calls still unanswered
News It is likely that these savings are substantial, as the average cost of processing a telephone call is around £3 whereas a postal transaction costs around £5," the report said. More than five million... [01 Nov 2006]
BBC in £85m outsourcing deal
News Xansa will provide purchasing and sales transaction processing, artist and contributor payments, financial management and project accounting, payroll and expenses services. The BBC has selected Xansa as... [20 Oct 2006]
HSBC's annual IT spend to hit $5bn
News The reduced transaction processing costs have allowed HSBC to handle a 25 per cent credit card growth at no incremental cost. Harvey said HSBC is on target to cut transaction... [29 Sep 2006]
Intel flaunts Xeon mark two
News Compared with Paxville, Tulsa boosts transaction processing performance by a factor of 1.7, ERP software by a factor of 1.4, and ecommerce software by a factor of two, Intel said. Dell and Intel this... [17 Aug 2006]
Voca revs up payments engine
News The system, built by Voca for Bacs Payment Schemes and its 13 member banks, has been designed to speed up transaction clearing times and back-office processing. The back-office system also manages... [25 Jul 2006]
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