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World

Stung by U.S. sanction threats, EU seeks ways to boost the euro

BRUSSELS (Reuters) - The European Union is seeking new ways to widen use of the euro and counter the dollar's global dominance, top EU officials said on Thursday, as the bloc tries to salvage Iran's nuclear deal by helping companies bypass U.S. sanctions.

Business

CIMB joins RippleNet to power instant payments across Asean

KUALA LUMPUR: CIMB Group Holdings Bhd and Ripple Labs Inc, a US-based technology company, have entered into a strategic collaboration to enable instant cross-border payments across its various markets.

Business

CIMB, Ripple team up for instant cross border payments

KUALA LUMPUR: CIMB Group Bhd and blockchain developer Ripple have teamed up to enable instant cross border payments across its various markets.

TECH

Venmo and Zelle try to stop you from sending money to the wrong person

When Michael O'Neil tried to pay the company that inspected the condo he bought last summer, he had no idea there was a company on the East Coast with a nearly identical name and an email address that differed by just four letters – until he sent US$360 (RM1,505) to the wrong business.

Business

Serba Dinamik shows its dynamism beyond oil and gas

ONE company operating in the upstream oil and gas sector that has been doing surprisingly well is Serba Dinamik Holdings Bhd.

Business

PAYNET PICKS ACI FOR COUNTRY’S REAL-TIME RETAIL PAYMENTS

FLORIDA: ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s Real-time Retail Payments Platform (RPP) using ACI’s UP Immediate Payments solution.

TECH

US banks add pieces to new instant payments network

By the end of December some US bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry tries to catch up to technology company rivals, such as Venmo.

TECH

Big US banks to take on tech rivals with instant payments

Depositors at some of the largest US banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone.