22 December 2014

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Banking customers now handle more of their banking interactions, on average, via smartphones and tablets than through any other channel, says Bain and Company, which surveyed roughly 83,000 consumers in 22 countries to reach its conclusions.

A group of Russian cybercriminals which specialises in gaining access to the internal payments networks of banks has stolen more than $18 million over the past six months.

Christmas may be coming, but it still doesn't stop people from dealing with their financial affairs, says AIB, which saw almost 200,000 customers logging in to their online account on 25 December 2013.

Apple Pay has the ability to significantly transform the mobile payment space says ITG Research, on the release of figures which show that iPhone users were responsible for one percent of digital payment dollars spent in the month of November.

With the price of bitcoin continuing to crater, Silicon Valley-based crypto-mining outfit PeerNova has raised $8.6 million in funding to refocus its business on blockchain-based enterprise products.

The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

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British consumers are increasingly prepared to switch banks to access mobile payments, as anticipation for new ways to pay builds, according to new research from mobile payments company Zapp.

US community banks are calling for a crackdown on merchant security protocols after reissuing nearly 7.5 million credit and debit cards at a total cost of more than $90 million as a result of the Home Depot data breach.

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

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