NEW YORK, Nov. 15 /PRNewswire/ -- GIFTS Software, a leading provider of anti-money laundering, funds transfer, and e-banking solutions, announced today that Shinhan Bank New York has selected the GIFTSWEB EDD Anti-Money Laundering solution.

Incorporated on September 1, 2001, Shinhan Financial Group Co. Ltd. is Korea's first financial holding company that delivers comprehensive financial solutions through a powerful One-Portal network. Shinhan Financial Group's subsidiaries offer quality financial products and services in commercial banking, credit card, private banking, asset management, investment banking, brokerage and insurance.

Visa Charges On

Not the best time, you might think, to sell shares in the biggest initial public offering (IPO) in Wall Street history. Especially not a financial IPO. Yet here we have credit-card giant Visa, now owned by its member banks, announcing plans to peddle up to 446 million shares of stock in late March for an expected take of between $15 billion and $19 billion.

What gives with Visa? One possibility is that the company and its investment bankers are deluded and the IPO will crash and burn--but the current thinking on the Street is that it won't have trouble finding buyers.

J Kooman from Canada writes:

Jean-Pierre De Montigny from Montreal, Canada writes: I don't know why people complain so much about a fee of $10 per month. It is peanuts for the value. You will go out one night and spend a multiple of this for beer.
Interest rate on credit card? There is no charge if you pay your balance. If not, get a loan instead!

Your joking right? President's Choice Financial does not charge anything
for writing checks or paying bills and they have a higher savings interest rates. The only catch is you have to bank online or use CIBC ABMs Posted 29/02/08 at 12:01 PM EST | Alert an Editor | Link to Comment .

Hang Seng Bank Selects VeriFone Contactless Solutions

SAN JOSE, Calif. - (Business Wire) VeriFone Holdings, Inc. (NYSE: PAY) today announced it has been selected by Hang Seng Bank of Hong Kong to provide contactless payment solutions in support of the enJoy Card rollout.

VeriFone will supply the EMV-certified QX110 contactless reader and NURIT payment systems for use at merchant sites in the Jardine Matheson Group. "With the broadest product line of contactless solutions, VeriFone is well positioned to support this and other projects where contactless is being implemented throughout the region," said William C.

Kerry's drowning in debt

WAYWARD Kerry Katona is on the brink of going bust after blowing a fortune on cocaine, booze, partying and flash cars.

Despite being on TV EVERY night in Iceland's I'm A Celebrity ads, the hard-up star is drowning in a tsunami of debt.

The taxman alone wants 200,000 by the end of the year and if she can't find the money she's facing bankruptcy.

In desperation Kerry and her husband, former drug dealer Mark Croft, have now hired a team of professional insolvency advisers to help them DODGE bankruptcy court, AVOID paying the huge sum, and DUCK 60,000 of loans and credit card bills.

But the experts fear that is just the tip of the iceberg and the true total of the former Atomic Kitten's debts could top 1MILLION.

Even with the Inland Revenue off her back, Kerryexpecting her fourth childcould STILL be made bankrupt by other creditors and lose her 1.2m home and fleet of luxury cars.

Decline in US service industries heightens recession fears, sparks ...

US stock markets plunged Tuesday following the release of a report showing a sharp contraction in service sector business activity in January. All three major stock indexes were in negative territory throughout the trading session and closed at or near their lows for the day.

Tuesday’s fall followed major declines on Monday, precipitated by analyst downgrades of banks and credit card issuers and a survey by the Federal Reserve Board showing that banks are tightening their lending standards for both consumers and businesses, even beyond real estate loans, and corporate demand for credit is weakening.

Bank of America Card Services Executive Struthers to Present at Credit ...

CHARLOTTE, N.C., Feb. 1 /PRNewswire/ -- Bank of America North America Card Services Executive Ric Struthers will participate in the Credit Suisse Financial Services Forum on Thursday, February 7, 2008 at 2:45 p.m. EST in Naples, Florida. The live webcast and presentation will be accessible through the Bank of America Investor Relations Web site at http://investor.bankofamerica.com.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 19,000 ATMs and award-winning online banking with nearly 24 million active users.

New Mobile Phone Technology from Secure Identity Systems Stops Card ...

A new Israeli technology brought to the U.S. by Secure Identity Systems (SIS) thwarts credit and debit card fraud, and potentially stops ID thieves in the act. This in turn helps banks better protect customers, stem losses due to fraud, and attract new depositors with free identity protection services. The technology, dubbed mConfirm, uses any mobile phone to .