Debit cards canceled after security breach; Fitchburg Savings Bank replaces cards after warning from Visa USA.
Byline: Andi Esposito FITCHBURG - About 1,300 debit-ATM cards issued by Fitchburg Savings Bank were deactivated yesterday after the bank was told by Visa USA that a "large-scale data compromise" may have included its check cards. None of the cards was used fraudulently and all...

Impact of ATMs on the use of cash (*).
Abstract: This paper examines the role of cash usage in the development of payment media. For that purpose, the basic trends of change in payment media are scrutinized using European data. Although cash still clearly dominates in small retail payments, there has been a definite shift towards electronic payments...

Philtrust Bank celebrates its 90th Anniversary October 21, 2006; Opens 4 new Branches in Metro Manila today, Oct. 17,2006.
Philtrust Bank, also known as Philippine Trust Company, will celebrate its 90th Anniversary on October 21, 2006. It will inaugurate and bless four new branches in Metro Manila today, October 17, 2006, located at Philtrust Building, A. Mabini corner United Nations Ave., Manila; Philtrust Building, C.M. Recto...

U.S. Bank mergers cause problems for low income areas, researchers say.
Bank mergers in the U.S. generate negative economic impacts on poor neighborhoods, resulting in an increase in property crime, researchers report in The Journal of Finance (April, 2006). The authors argue that bank mergers should be carefully regulated to prevent economic deterioration of the affected neighborhoods. ...

Two-tier banking: the rise of fringe banks in Winnipeg's inner city.
Abstract This paper uses results from a study of fringe banking of an inner city neighbourhood in Winnipeg to understand the growth of fringe banks. While fringe financial services are more expensive than mainstream bank services, the numbers of fringe banks are growing in Winnipeg and other...

Banks in small communities in Canada: 1998-2004.
Abstract This paper examines changes in the provision of fundamental services to smaller communities in Canada. The research analyzes changes in the network of Canadian banks over the period 1998 to 2004 for the 874 places in Canada that reported populations of less than 50,000 inhabitants in...

Small Savings Mobilization and Asian Economic Development: The Role of Postal Financial Services.
Small Savings Mobilization and Asian Economic Development: The Role of Postal Financial Services. Edited by Mark J. Scher and Naoyuki Yoshino. Armonk, N.Y.: M. E. Sharpe, 2004. 265 pp. $74.95 (cloth). Mark J. Scher and Naoyuki Yoshino have compiled a helpful reference volume on what used to...

The tenuous relationship between the fight against money laundering and the disruption of criminal finance.
This article examines the fight against money laundering as a case study of the separation between an enforcement system's objectives and performance. To launder money is to hide its illegal origin. The fight against money laundering is supposed to disrupt laundering in its various forms--especially what is done by...

Syria moves to accelerate pace of Islamic banking: John Dagge reports from Damascus on the new drive to stimulate Syria's Islamic banking sector, which opened locally back in 2005 but has, so far, failed to establish a credible niche.
[ILLUSTRATION OMITTED] A NEW BREED OF financial institution is emerging in Syria; one that complies with Islamic law. In the past six months the country's first two Islamic banks opened for business, while another six have received licences and are in the process of setting up shop....

Banking on high standards.
Dubai sets great store by its reputation as a banking centre. It aims to be lean, fit and efficient in an increasingly sophisticated international environment. Stuart Arnold surveys the banking sector's attempts to provide the best possible service. DUBAI HAS TRADITIONALLY been seen as the leading commercial and trading...