financial institutions

The mobile banking services provider Monitise is extending its business further into Africa and the Middle East with a joint venture with Paynet, an electronics payment company. The agreement combines Monitise`s world class mobile money services with Paynet`s African payments experience to give millions of people access to banking and financial services on their mobile phones.

A leading provider of distributed payment solutions NetDeposit declared today its collaboration with Q2 Software, which now provides community financial institutions access to NetDeposit's remote deposit capture, branch capture, debit/credit card and ACH payments. Q2 is recognized as the preeminent supplier, servicer, and enabler of technology services to community financial institutions.

According to George Soros’ forecast the U.S. economy is not to recover in a short time with a possibility of a situation that could be observed in Japan, in other words a long period of low recovery. Speaking to Reuter Financial Television Soros stressed that the government’s efforts aimed at rescuing financial institutions could have unprogramed implications effectively turning them into “zombies” that would suck the lifeblood out of the economy instead of stimulating it.

iPay Technologies, online bill pay provider for financial institutions, has announced today a strategic bill-payment processing partnership with Royal Credit Union (RCU), under which the company will provide 113,000 members of RCU with the best-in-class bill-payment and small-business products available in the market.