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A global provider of financial services Fiserv announced its Revenue Expansion program specifically developed to help banks and credit unions impacted by Regulation E. as is known on November 12, 2009, the US Federal Reserve Board published a final rule under Regulation E that prohibits financial institutions from charging overdraft fees for ATM or one-time debit card transactions, unless a consumer opts-in to the overdraft service.

Misys announced the new release of its Confirmation Matching Service (CMS) which includes inter-bank matching for Exotic FX Options - extending the existing support for buy-side counterparties which went live earlier this year and is now used by more than a dozen banks and fund managers.

As it became known, Saturday, a systems glitch injured Barclays’ customers. So the majority of bank’s clients were left unable to access their accounts online or use cash machines. 

The Barclays’ computer systems failed early on Saturday hitting Internet and telephone banking customers as well as ATMs. However, the bank representatives claim point of sale transactions were not affected.

Monday, HSBC unveiled its plans to acquire South Africa's fourth-biggest bank Nedbank.

Thus far, Europe's biggest bank is currently in exclusive talks with Anglo-South African insurer Old Mutual to buy Nedbank.

Well Fargo was ordered by a federal judge to pay California consumers $203 million in restitution for claims that it had manipulated transactions to maximize the overdraft fees it charged, reports the New York Times.

A judge in San Francisco found that instead of processing transactions in an order they were received the bank started with largest and went to smallest further. In his 90-page opinion United States District Judge William Alsup wrote that the practice was unfair and deceptive.

Two top European banks, HSBC and BNP Paribas, excel their earnings outlooks as bad debts fell sharply to make up for slowing investment banking growth.

As it became known, Moody's, that revised its outlook on a number of major banks Tuesday, changed its forecast over Bank of America, Citigroup and Wells Fargo from stable to negative.

The credit ratings agency cut the positive outlook due to weakening government support for the institutions under new US regulations.

According to a study released by a Federal Reserve Bank of Boston it is low income customers who pay with cash cover credit card fees for higher-income consumers and thus bring revenues to banks and card issuers. The researchers argue that reducing card rewards and merchant fees "would likely increase consumer welfare."

Barclays has launched an online game, 56 Sage Street, that sees players arrive in a virtual city broke and improve their status through work and sound money management, targeting to allure teenage customers.

Despite new credit-card law brings some relief, the problems still arise.

It’s known, credit-card holders mostly benefited from the landmark Credit Card Accountability, Responsibility and Disclosure Act that initially went into effect a year ago. However, some troubling trends that are emerging could mean higher costs for consumers.

As French Economy Minister Christine Lagard stated last week, speaking about the prospects of euro zone crisis recovery: “We are in the middle of the beginning of the end."

Thus far, it’s too early to claim the end of the euro zone crisis has come; nevertheless, there some good signs that show Europe to may have turned a corner in its struggle to restore financial stability.

As it became known, Misys trade finance solution, has been chosen by the National Bank of Oman (NBO). 

NBO selected the global application software and services company in a move to expand its business coverage, meeting customer demands and support its growing trade volumes.

As it has become known, Bling Nation has signed pretty major deal with PayPal. So, from now Bling Nation’s payment systems will let consumers use their payment chips to withdraw funds from a PayPal account.

This is a big win for startup’s system, which originally had ambitions of solely focusing on hyperlocal banks in small communities.

A new Visa Gold Prepaid Card with Credit Line has been presented by AccountNow.

The new gold card product will provide from now with features and services usually found only through traditional banking relationships.

The AccountNow Gold Visa Prepaid Card enables cardholders to borrow money and build credit history. Moreover, AccountNow Gold cardholders who enroll in Direct Deposit receive higher limits on all deposits and withdrawals.

According to some data from the Federal Reserve Bank of New York, major US banks temporarily reduced their debt levels just before reporting in the past five quarters. That’s why these banks’ balance sheets appeared to be less risky.

The banks, that have become more vulnerable and more sensitive about showing high levels of debt and risk due to the credit crisis, worried their stocks and credit ratings could be punished.