27 January 2015

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Dubbed 'the Simple for Europe', after the US-based banking startup now owned by Spanish Bank BBVA, online-only bank Number26 has begun taking deposits from pre-invited customers in Germany and Austria.

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Fed sets out faster payments options

10 hours ago  | 0 comments | 11 tweets | 7 linkedin

The US Federal Reserve has set out a series of options for speeding up the country's antiquated payments system.

Coinbase has launched America's first regulated bitcoin exchange, helping to push the crypto currency's price past the $280 mark.

E-commerce payment processor WePay has integrated with Google's Instant Buy API, a service that lets Google Wallet users check out in just two clicks on mobile and web without exposing their sensitive information to third parties.

Andreessen Horowitz, the investment firm which rose to prominence thanks to big bets on Facebook, Twitter, Airbnb, and Pinterest among other, has led a $58 million funding round in UK money transfer startup TransferWise.

UK banks are experiencing faster growth rates for digital services by customers in the 70s and 80s, according to the latest data from the British Bankers Association.

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PayPal cuts off Crimea; MasterCard opens up to Cuba

23 January 2015  | 0 comments | 5 tweets | 2 linkedin

PayPal is cutting off services to customers in Crimea in response to western sanctions related to Russia's annexation of the region last year.

Security

Financial sector must improve cyber defences - BofE

23 January 2015  | 0 comments | 14 tweets | 6 linkedin

Britain's banks must do more to protect themselves from cyber attacks, says the Bank of England, following an analysis of the perimeter defences and operational resilience of 36 of the nation's top financial service providers.

The venture capital arms of Citibank and American Express have joined a $21 million funding round for digital marketing communications company Persado.

With only nine months to go until the US EMV migration deadline, more than half of retailers are not ready for the switch, according to a survey from ACI Worldwide.

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