News

Premier Financial Bancorp through its subsidiary Citizens Deposit Bank and Trust has agreed to acquire The First National Bank of Jackson, the wholly-owned subsidiary of The First National Holding Company of Jackson, for $14.8m (£11.8m). As part of the agreement,...

The rise of contactless payments in the Czech Republic has driven a surge in overall card transactions in the country, which reached more than one billion in 2018 Contactless payments are becoming the dominant payment option in the Czech Republic,...

The UK’s Financial Conduct Authority (FCA) has proposed a ban on the sale of crypto-derivatives to retail consumers saying that the products are ill-suited. In this regard, the FCA has proposed rules to address harm to retail consumers resulting from...

American Financial Group (AFG) has signed an agreement with Atlas Financial Holdings (AFH), under which AFG’s subsidiary National Interstate will become the exclusive underwriter of AFH’s paratransit book of business. American Financial Group expects National Interstate to start issuing policies...

PT Bank CIMB Niaga Tbk (“CIMB Niaga”) and Liquid Group announced a strategic partnership to spearhead cross-border QR payment acceptance between Singapore and Indonesia. The partnership was initiated through their joint participation in Bank Indonesia’s Quick Response Indonesian Standard...

World Council of Credit Unions (WOCCU) invited a dozen executives from Peru’s Cooperativa de Ahorro y Credito Santo Cristo de Bagazan and El Salvador’s Federation of Savings and Loan Cooperative Associations (FEDECACES) to take part in the three-day Pasantia...

Financial services and communications firm Western Union has partnered with payments technology giant Visa to add speed and transparency to the process of sending money across the world. Under the collaboration, Western Union will deploy Visa Direct, Visa’s real-time push...