US - The Federal Reserve's director of consumer affairs told a house panel Thursday that interest rates have come to dominate pricing practices for credit cards in recent years, although there is little systematic information about other aspects of card…
AUSTRIA - Austrian federal mint Muenze Oesterreich, a subsidiary of central bank Oesterreichische Nationalbank (ONB), is preparing to begin melting down schilling coins following the introduction of the euro on 1 January.
BRAZIL - The central bank will launch notes in denominations of two reals and 20 reals ($1=BRR2.761) in December and next year to help save costs, O Estado de S. Paulo reported.
PRESS RELEASE - The Hong Kong Monetary Authority (HKMA) has completed a comprehensive review of retail payment services in Hong Kong ("the Review"), which was conducted by an internal task force of the HKMA set up in August 2000.
JORDAN - A $2.9 mln ($3.2 mln euro) worth new automated human resource management and accounting system has been installed at the Central Bank of Jordan (CBJ).
US - Citibank Worldwide Securities Services has launched a lending program for central banks.
OMAN - A deal to form a national ATM network called Oman Switch by merging Shamel ATM switch and al-Watani ATM switch was signed at the Central Bank of Oman (CBO) on 17 October in the presence of Hamood bin Sanjoor al-Zadjali, CBO Executive President.
TAIWAN - Taiwan's bad check ratio in terms of the number of checks issued rose to 0.86% in September from 0.78% in August, the island's central bank said Monday.
AUSTRIA - Wolfgang Duchatczek, a director of central bank Oesterreichische Nationalbank (ONB), has warned Austrian consumers to be on the look-out for forged euro banknotes following the launch of the new European single currency on 1 January 2002.
NETHERLANDS - Moneybox Netherlands, a subsidiary of UK Moneybox Corporation, is to install 750 cash dispenser in the Netherlands, the company spokesman said on 23 October.
HUNGARY - The National Bank of Hungary plans to build a new logistics centre, also housing the National Mint - Magyar Penzvero - on the outskirts of Budapest or outside the city, the central bank announced on Friday.
INDIA - The Gujarat headquarters of the Reserve Bank of India (RBI) has installed a Rs 2 crore note-shredder imported from the Netherlands at its regional head-office near Gandhi bridge, said regional director, RBI-Gujarat VS Das.
SOUTH KOREA - The Bank of Korea (BOK) is drawing more interest in cyberspace, with the BOK reporting that its web site has recorded a monthly average of about 134,000 hits so far this year, twice as much as two years ago.
MALAYSIA - Coin collectors interested in buying previous issues of commemorative coins produced by Bank Negara Malaysia will have the final chance to do so until year-end.
SINGAPORE - The Monetary Authority of Singapore said Wednesday it will review the restriction on foreign banks' access to local banks' automated teller machine network in two to three years.
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 12 October, the European Central Bank said Tuesday.
VIETNAM - The joint stock Commercial Bank for Import and Export of Vietnam, Eximbank, held on 11 October the second phase of bidding for the project "Intrabank payment system and Eximbank's applications."
SPEECH - Remarks by Patrick K. Barron, Retail Payments Product Director, Federal Reserve Bank of Atlanta, BAI National Electronic Check Collection Conference, Tucson, Arizona, 1 October.
US - The Federal Reserve announced Wednesday 10 October that it will adopt a single standard for magnetic ink character recognition detail on checks by mid-2005.
INDIA - The Reserve Bank of India employees' union has warned of a shortage of currency note examiners and other experts in the central bank if the management does not reverse its policy of a "virtual" recruitment ban.
PORTUGAL - Portugal has changed its mind about not circulating the two highest denomination euro banknotes and now plans to distribute a small number of Euros 500 ( £310) and Euros 200 notes.
UK - Banks have failed to meet targets for cost savings from internet banking and almost half believe the business case for setting up web services may not be viable.
INDIA - Banks will not be required to seek the approval from the Reserve Bank of India (RBI) for introducing online debit cards, where straight-through-processing is done.
SPEECH - Keynote address of Mr. Tommaso Padoa-Schioppa, Member of the Executive Board of the European Central Bank, at the EU Commission conference, Payments in euro in the Internal Market, Brussels, 24 September.