The Deposit Money Banks will on Monday commence the biometric registration of their customers, the Nigeria Inter-Bank Settlement System Plc, the organisation coordinating the project, has said. This is coming about four months after the project was inaugurated by the former Governor of the Central Bank of Nigeria, Mr. Lamido […]
Author: InvestAdvocate
Exclusive: U.S. using JPMorgan penalty to speed cases against other banks
The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase & Co agreed to pay to settle claims stemming from mortgage misdeeds to speed up similar punishments against other lenders, possibly including Bank of America Corp and Citigroup, according to people familiar with the matter. U.S. Attorney’s […]
MasterCard expects big growth from ‘big data’ insights
MasterCard Inc, the world’s second-largest debit and credit card company, sees business booming from selling data to retailers, banks and governments on spending patterns found in the payments it processes, a top executive told Reuters. MasterCard, which handles payments for 2 billion cardholders and tens of millions of merchants, uses […]