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Zardari has nothing to do with transaction in Zardari Group’s bank account: Khosa

KARACHI: Pakistan Peoples Party (PPP) leader Sardar Latif Khosa has said former president Asif Zardari had nothing to do with millions of rupee transaction in Zardari Group's bank account. "Zardari has nothing to do with any transaction in Zardari Group accounts as he had resigned from his post in 2008, following being elected as president as per the constitutional requirement," he said while talking to ARY News program PowerPlay.  He refuted media reports that Zardari was grilled by the Federal Investigation…

Visa outage over after transaction chaos across Europe

LONDON: Payment systems giant Visa recovered on Saturday from a hardware issue that had left it struggling to process transactions at bars, shops and cash machines across Europe. The blockage left some customers stuck at the tills in stores across the continent late Friday, whilst others were forced to queue at automated teller machines (ATMs). "Visa has resolved a technical issue which occurred yesterday in Europe and prevented some consumers from using Visa for payments," the firm said in a statement at 04:32am…

Banks complete 25 million euros securities transaction on blockchain platform

NEW YORK: Credit Suisse Group AG and ING Groep NV have completed a 25 million euros (22.2 million pounds) securities lending transaction using blockchain-based software, the companies said on Thursday, as more projects involving the nascent technology behind cryptocurrencies get closer to yielding results. The transaction involved the banks swapping baskets of securities through an application from financial technology company HQLAx built with a type of blockchain created by bank consortium R3, the companies said. The…