RUSSIA - According to Tatyana Paramonova, first deputy chairwoman of the Central Bank of Russia, the real-time payment system is 80% complete in Russia.
SOUTH KOREA - The Bank of Korea (BOK) is moving to introduce an online cyber credit card which will be available in October this year.
FEATURE - After 650 years of history, the franc disappears this weekend with about as much ceremony as the muttered address at the funeral of a forgotten relative.
MALAYSIA - In order to provide Internet or online banking, banks operating in Malaysia are required by Bank Negara (BNM) to employ the services of a well mandated or a trusted security system.
SPEECH - The speech was given on the presentation of the report "IT innovations and financing patterns: Implications for the financial system". The report was prepared by a Working Group of the Committee on the Global Financial System (CGFS) composed of…
VIETNAM - Vietnam's central bank Governor Le Duc Thuy, who is leading a campaign to reduce the country's reliance on cash transactions, has admitted he does not have a credit card, or a personal bank account.
AUSTRALIA - MasterCard said it will consider scaling back its Australian operations if the central bank proceeds with its plan to cut credit-card fees and open the credit-card system to new participants.
US - The first online bank aimed at the gay and lesbian community in the US is to close after admitting it could not make a profit in the current economic climate.
SPEECH - In the speech given 11 February Bergstrom said capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises.
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
UK - New measures to counter credit and debit card fraud have been unveiled by the UK's banking industry.
IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.
UK - Private sector operators may be given the chance to print money under proposals by the Bank of England to jettison its banknote operations.
AUSTRALIA - The Reserve Bank of Australia is poised to make sweeping changes to credit card regulations in 2002. Should it prohibit the banks' interchange fee structure, as has already been flagged, Australia's banks will lose a collective $A400 million…
RESEARCH - From The Region, December 2001 published by the Federal Reserve Bank of Minneapolis. The Federal Reserve and Electronic Payments. What do considerations of principle, experience and reputation tell us? By Gary H. Stern, President.
SPEECH - Speech by Dr. A.H.E.M. Wellink on the occasion of a symposium of the Banque de France on ' New Technologies and Monetary Policy, 30 November 2001.
GERMANY - The conversion of automated teller machines, or ATMs, is now finalised, the European Central Bank said Monday in an update on the euro cash changeover.
UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.
EUROPE - Armed gangs and other criminals have stolen Euros 5m ( £3.1m) in the three months since minting and printing of euro notes and coins began, and the situation is set to worsen, European police have warned.
ARTICLE - Securitas GmbH, a German armoured-car company, has suffered only a few mishaps since it began hauling the new euro cash in September. Some workers threw out their backs lugging the 20-kilo sacks of coins. Others accidentally dropped the heavy…
LITHUANIA - The central Bank of Lithuania will put new twenty-litas notes into circulation on 17 December 2001.
AUSTRALIA - The Reserve Bank of Australia Friday proposed to deregulate the country's credit card system, forcing down fees and allowing retailers to recoup costs from customers.
GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.
US - The Federal Reserve Board on Tuesday issued revisions to its policy statement on payments system risk that it said "should alleviate liquidity pressures" that were identified during a broad review of the policy.