CCR World Magazine

Total retail search volumes grew 11% in the first quarter of 2012 compared with the same quarter a year earlier. The increase was driven by a rise in mobile/tablet search volumes which grew by 132% year-on-year.

Mumbai, London and New York, April 2, 2012 - Firstsource Solutions Limited, a global provider of customized business process outsourced (BPO) services to the Banking & Financial Services, Telecom & Media and Healthcare sectors, announced today that its Managing Director and CEO Matthew Vallance has decided to step down in order to pursue other opportunities. Mr. Vallance’s resignation will be effective as of May, 15, 2012. The Board of Directors of Firstsource has appointed Rajesh Subramaniam, currently Deputy Managing Director and CFO, as his successor. Post May 15, 2012, Mr. Vallance will consult Firstsource in an Advisory capacity.

LONDON — FICO, the leading provider of analytics and decision management technology, today released data showing that average sales per card rose to a two-year high of just over £600. At the same time, more UK cardholders are current in their card payments than at any point in the last two years.

Commenting on Greek debt finally being resolved, the euro well supported in Asia and a bumper week for equity markets, Lee McDarby, Investec Corporate Treasury, said: “The day has finally arrived when Greece’s debt talks might finally be resolved.

The Australian Bankers’ Association (ABA) has today released the following explanation for how bank funding works and why banks are under funding cost pressures.

By Frank Keating, ABA President and CEO: “The banking industry strongly opposes the $61 billion bank tax included in President Obama’s budget proposal.  Despite claims to the contrary, the facts on TARP are very clear: Taxpayers have profited $13 billion from their investments in banks through the program and Treasury predicts they will see a lifetime positive return of more than $20 billion.

The Mortgage Bankers Association (MBA), issued the following statement upon news of an agreement between state and federal officials and five large residential mortgage servicers.

Contis Group, leading prepaid financial services provider and end-to-end scheme manager for household-name retail and financial brands, can now offer clients market-leading processing solutions following the launch of its dynamic processing platform.

Contis Group, leading prepaid financial services provider and end-to-end scheme manager for household-name retail and financial brands, can now offer clients market-leading processing solutions following the launch of its dynamic processing platform.

Systar, a leading provider of Operational Intelligence software, today announced its revenues and income for the first half of fiscal year 2011-2012, which will end June 30th, 2012.