Pay Linx, a provider of services that allow for the replacement of cash and cheque payments with electronic payment cards, has named Robert W. Pearce to the company's board of directors. His professional background includes 25 years of experience in the financial services sector.

IT software and service provider Larsen & Toubro Infotech (L&T Infotech) named Sudip Banerjee as its new Chief Executive Officer (CEO). Banerjee, whose appointment is effective 1 September, takes charge of the IT service company’s growth plans and is expected to increase the impact of Infotech’s business-to-IT business approach.

Israeli financial group Israel Discount Bank (IDB) teamed up with technology business solutions provider Infosys in order to expand its e-banking services for the corporate/SME retail banking business sector. Thus, IDB selected the Finacle e-banking platform developed by Infosys, which it intends to use as a basis for the launch of online banking products, as well as additional customer support services provided via mobile and Internet channels.

Online banking service provider Ivobank expands its cross-border money transfer and online payment services to three more European countries. Germany, France and Italy thus join the UK, Ireland, Spain and Canada as part of Ivobank’s online payment network, which targets European online bankers, gamers and shoppers.

Online banking services provided by Australian financial service provider Westpac are to be disrupted throughout the week due to imminent industrial action initiated by the Australian Services Union (ASU) members against technology service provider IBM, who has so far refused to negotiate a collective agreement with its workers.

A recent investigation conducted by BBC reporters has uncovered that US credit card fraudsters are targeting UK supermarkets’ self-service systems as a means to exploit stolen credit and debit card numbers already in their possession. The BBC reporters enlisted the help of a series of computer security experts and accessed an illicit card fraud website where various cyber-criminals were enquiring as to the security capabilities of the self-service systems of British supermarkets such as Asda or Tesco.