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28-11-08
Sucre – a New Electronic Currency of South America

The member states of the international organization ALBA (Bolivarian Alternative for the Americas) agreed to create a uniform currency zone.

27-11-08
Hypercom will Supply Terminals for an NFC-Project in Australia

Hypercom Corporation will supply POS terminals Optimum T4200, accepting contactless payments, within the framework of a pilot project implemented in Australia on the basis of NFC technology.

27-11-08
EU Allocates €200 Bn for Rescue of the Economy

The Eurocommission has presented a plan for stimulation of the EU economy, envisaging financial injections at a rate of 200 billion euros. This sum is equal to 1.5 % of the total gross national product of the EU countries. As expected, these measures will help to save millions of jobs.

27-11-08
DIA Begins to Pay Insurance Compensations

Deposit Insurance Agency(DIA) begins to pay insurance compensations to the depositors of MSB Bank, Mira-Bank and Econatsbank. Compensations for the accounts will be paid to each depositor at the rate of 100 % of the whole sum of the bank accounts, but no more than 700 thousand rubles in aggregate. For the bank accounts in foreign currencies insurance indemnity will be paid in rubles at the rate of the Bank of Russia as of November 12, 2008. The sums not compensated by the insurance, will be paid off during liquidation of the bank.

26-11-08
GoldenPay – the First in Azerbaijan System of Internet Payments

On December 2, 2008, in Hyatt Regency Hotel, company SilverKey Technologies-Azerbaijan, representing the American company SilverKey Technologies in Azerbaijan, will present GoldenPay, the first in Azerbaijan system of Internet payments.

26-11-08
Ukraine Introduces Single Electronic Ticket

Ministry of Communications and Transport of Ukraine plans to introduce the system of a single electronic ticket for all kinds of transport, before the end of 2009.

26-11-08
China’s Measures against Phishing

According to Anti-Phishing Alliance of China (APAC), by the beginning of the 4th quarter of 2008, 300 domain names belonging to phishing sites were abolished in «.CN», Chinese national Internet segment.

26-11-08
Rosgosstrakh: the Society Preserves Its Economic Optimism

The above statement is proved by the results of evaluation of the economic mood indexes in big and medium cities done by the Strategic Research Center of Rosgosstrakh in October-November, 2008.

26-11-08
PSTCompany in SCR-2008

During the SCR – 2008 exhibition held in Moscow, November 18-19, 2008, Artem Каzarian, Head of Sales Department of PSTCompany, presented report «Multivendor after-sales service of a bank’s acquiring network». The topic of the report was not selected by chance, since due to the situation evolving in the financial market the banks face an acute question of optimization of their costs and hence of the structure of their service subdivisions.

26-11-08
Card Credits Costs Continue to Grow

Credit cards are the banks’ most profitable products. However, lawyers say that by raising the prices of the credits that have already been provided to the borrowers, the bankers risk to face judicial claims from their clients. Nevertheless, the banks still raise the interest rates on the provided card credits.

26-11-08
US FRS: New Measures to Stimulate the Credit Market

The government of the USA announced allocation of additional 800 billion dollars for support of the national economy.

26-11-08
Belarus and South Korea: Cooperation in the Field of Biometrics

In the State Border Committee of Belarus, Major General Igor Rachkovsky, Head of the Committee, met Chu Кu Kho, Immigration Service Commissioner of the Ministry of Justice of the Republic of Korea.

26-11-08
Symantec: Internet Card Swindlers will Make Over $5 Bn

According to estimates of Symantec Company, this year, the Internet swindlers, specializing in various bank card operations will make 5.3 billion US dollars. This figure has been obtained due to extrapolation of the data on the number of the issued bank cards and the fraud volumes in concrete spheres of Internet.

25-11-08
Britain Changes its Tax Schemes

In his address to the parliament concerning the plan to overcome the economic crisis in the country, Alastair Darling, Chancellor of the Exchequer of Great Britain, said that the world had not seen such instability in many decades.

25-11-08
World’s First ATM User Dies at the Age of 92

Reg Varney, the comic actor, who played the cheerful bus driver in the British TV comedy «On the Buses», died on November 16, 2008, at the age of 92.

25-11-08
List of Problem Banks’ Buyers Grows

Vasily Vdonin, Chairman of the Board of Directors of Tarkhany Regional Bank (Penza), informed that the bank can be incorporated into the structure of the Russian Agricultural Bank before the end of 2008. According to V. Vdonin, the negotiations can come to the end successfully already in the coming few days.

25-11-08
Crediting Rates for Small Business will Not Exceed 11 %

The banks will increase the volumes of financing of small business enterprises due to public funds. The small business will get rates not above 11 %, while the banks will get state guarantees.

25-11-08
Russia Should Not Support Ruble

Today's financial crisis is a fait accompli, and now the situation is sliding from a financial crisis into an economic one. In the opinion of Anatoly Aksakov, President of the Association of Regional Banks of Russia, the real problems are still ahead.

25-11-08
About the Illegal Actions Revealed in Arrangement of Insurance Payments

State corporation Deposit Insurance Agency (DIA) informs, that recently it has revealed numerous cases, when credit organizations, shortly before their licenses were recalled by the Bank of Russia, made illegal banking transactions for an artificial formation of «contributions» to the accounts of the physical persons in order to get (or increase) their insurance compensations.

24-11-08
In 2009 NFC Expected in All New Phones

The association of GSM operators calls upon the manufacturers to equip all their new models of phones with NFC technology by mid 2009.
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