31 October 2014

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As November approaches, data science company Feedzai is warning that the month is the fraudsters' favourite, when both card-present and card-not-present crime spike.

Coopeservidores, one of the largest credit unions in Costa Rica, is adding facial recognition technology from FacePhi Biometrics to its mobile banking app.

Turkey's Bankalararası Kart Merkezi (BKM) has developed a Google Glass app that lets users access their digital wallets and make payments through voice commands and QR codes.

Crowdfunding platform Seedrs has acquired California-based Junction Investments ahead of a US launch. Financial terms of the deal were not disclosed.

TIM Group, the fintech outfit behind a software platform used by stock brokers to submit trade ideas to clients, has secured £2 million in strategic debt funding from Barclays.

BBVA Compass has opened up its technology platform to Dwolla, enabling customers to make real-time payments through the Iowa startup's payments network.

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British digital banking startup Atom Bank is bidding to raise £20 million from private investors ahead of a planned launch next year, Sky News is reporting.

A significant proportion of North Americans - 40% - have used their smartphones to make payments at merchant locations, up from just 16% two years ago, according to an Accenture survey.

Rwanda has joined the Better Than Cash Alliance to help accelerate the adoption of electronic payments in the country as part of a commitment to achieve 80% financial inclusion by 2017.

China is finally preparing to put an end to China UnionPay's monopoly on clearing bank card transactions in a move that could open up a huge market to Visa and MasterCard.

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