ACI Worldwide has licensed ACI Smart Chip Manager to Network International, a credit card and payment services provider in the Middle East. Using ACI Smart Chip Manager, Network International will be the first provider in the Middle East to issue multiple application smart cards with both payment and loyalty functionality. ACI’s software will also help Network International with its Europay, MasterCard and Visa (EMV) migration. In order to seize market share, Middle East banks are continually striving to introduce new and innovative services to their customers. With the January 2006 EMV deadline approaching, the more advanced banks are introducing multiple applications on chip cards as part of their EMV migration.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.