BPC, a provider of e-payment solutions for the financial industry, has announced that Alp Jamol Bank, a private bank in Uzbekistan, has selected its fully functional processing centre based on SmartVista Suite, a software solution for cards and e-payments processing.The in-house processing centre will allow Alp Jamol Bank to expand and improve its range of services available with the use of payment cards and introduce to its customers new VIP-products offered by the International Payment Schemes.The fully functional processing solution will ensure all the necessary facilities for Visa and MasterCard issuing and acquiring, including EMV-cards, and will permit the bank to raise its card business performance and move away from the third party processors' services.
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IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
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A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
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The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
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Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
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The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
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OnePay's My Garage combines payments and financial information as it continues to build out a financial app.
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