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German Railway Operator Ditches Mobile Ticketing

PYMNTS

The company introduced mobile ticketing back in 2006 and introduced NFC technology into the system in 2007, but the offering has failed to win over a significant number of consumers.

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AML Probe Into Swedbank Turns Up $4.8M In Possible Violations

PYMNTS

The investigation reviewed the bank’s activities from 2007 through March 2019, and also looked into who their customers were and which transactions were processed. Swedbank has been linked to the money-laundering scandal at Danske Bank, which said its Estonia branch was used to move $221 billion of suspicious funds between 2007 and 2015.

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Should You Be Marking Loans To Market?

South State Correspondent

It was back in August of 2007 when credit spreads started to widen. By late 2007, liquidity started to dry up and credit spreads were materially wider. By late 2007, liquidity started to dry up and credit spreads were materially wider. If only banks would have heeded the warning in 2007. A Short History of Asset Marks.

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Does your bank achieve positive operating leverage?

Jeff For Banks

When a significant portion of your cost structure is fixed, then growing revenues should generate positive operating leverage. Clearly, part of this consolidation wave was attributable to FIs striving for economies of scale and positive operating leverage. billion in acquired assets between 2000 and 2007.

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Fed To Credit Suisse: Improve Anti-Money Laundering Practices

PYMNTS

operations, Reuters reported. Credit Suisse said it is committed to meeting the terms “in a timely and thorough manner,” and it is already working on a “extensive enhancement plan” for its New York operation, Reuters reported. The bank failed to freeze 35 million francs that were part of a 2007 seizure order.

New York 151
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Estonia AML Investigation Widens To Include Swedbank

PYMNTS

billion) were transferred between accounts at Danske and Swedbank between 2007 and 2015. “We This does not automatically mean (or exclude) that a bank receiving payments in a possible money laundering operation has committed a crime or has breached the bank’s requirement to know its client and identify suspicious circumstances,” it said.

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Former GM Chief Says Ditch Vehicle Ownership For Ridesharing

PYMNTS

Earlier this year, for instance, Toyota announced the official launch of KINTO , a new company to manage and operate its car subscription service. According to IHS data , around 2007, the average American consumer could be counted on to own 13.4 KINTO is funded by Toyota Financial Services and Sumitomo Mitsui Auto Service Company.

Nashville 130