Interbank Financial Services

ECB Report on Virtual Currency Schemes (October 2012)

Editor — Sat, 13 Apr 2013 15:15:59 +0000

With all the news about Bitcoins these days in the electronic media, here is something worth reading.

This is the European Central Bank‘s report on Virtual Currency Schemes (October 2012). This 55-page document is a pretty decent read and does a pretty good job of describing virtual currencies.

[Click to Download. File size 1.9MB, PDF]

The original document can be obtained from here.

Federal Reserve Report: Consumers and Mobile Financial Services (March 2013)

Editor — Wed, 10 Apr 2013 04:25:08 +0000

Here is a detailed report that was recently published by the Federal Reserve Board, that is for Consumers and Mobile Financial Services 2013. The report can be downloaded from here. The original link is here. [PDF, File size 1MB]

Cards & Payments (Middle East): Market Report 2013.

Editor — Wed, 10 Apr 2013 04:16:13 +0000

Here is a pretty decent report by Terrapinn on Cards & Payment, a Market Report for the Middle East (2013). [PDF, File Size 1.6MB]

Infographic Remittance Flow (Sending & Receiving)

Editor — Tue, 09 Apr 2013 07:51:40 +0000

Probably one of the best infographics we have ever seen regarding remittances. This is the work of designer Roxanna Torre on Visual.ly. Click on image to view the interactive graph or click here.

FinCEN’s new guidelines put hurdles for businesses based on Virtual Money (think Bitcoin)

Editor — Wed, 20 Mar 2013 05:05:16 +0000

Payment Source recently published an excellent article on FinCEN’s ruling on Virtual Money companies and how they are not only now required to be registered as an MSB (with FinCEN) but also as a Money Transmitter. What could this possibly mean? Think Bitcoin and its mitigation by legal means.

The article in full can be read here.

Periodic Table for AML (Anti-Money Laundering) by Alacra

Editor — Mon, 18 Mar 2013 09:28:20 +0000

AML Periodic Table by Alacra

Alacra is a company that specialises in the Information & Workflow solutions for Financial Institutions and Professional Services Firms. They have on their website a very unique periodic table that highlights AML in various countries. This is a great resource to bookmark and refer to.

RBI’s latest circular releases working guidelines for: Security and Risk Mitigation Measures for Electronic Payment Transactions

Editor — Thu, 14 Mar 2013 17:42:28 +0000

India’s central bank, Reserve Bank of India, recently released a notification that sets the ground rules for Security and Risk Mitigation Measures for Electronic Payments Transactions.

Other news portal covering this story:

EU: Stronger AML Rules

Editor — Sun, 03 Mar 2013 09:32:31 +0000

The European Commission has cited, stronger rules are required to respond to the new threats when it comes to Anti-Money Laundering. The EU adopted two new proposals to reinforce EU’s existing rule set. More can be read here in the…

Real Money Gambling on Facebook

Blog Editor — Thu, 09 Aug 2012 10:42:58 +0000

Slowly and surely FB is launching real-money apps and hopefully transfer system for cashing out.

Read it here

Payment Perspectives

Blog Editor — Thu, 09 Aug 2012 10:41:50 +0000

Payments Perspective: Will That Be Cash or Cell? A perspective as given by the Fed Bank of Richmond. (PDF Document)