22 December 2014

Latest News


That was the year that was

5 hours ago  |  1890 views  |  0

As Finextra pulls the shutters down on 2014, we take a look back at our most popular news stories, videos, features and blogs over the course of the past year. The site will re-open for business on 2 January 2015.


Russian criminals hack in to bank networks to steal $18 million

9 hours ago  |  2261 views  |  0

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.

Retail banking

Christmas Day to-do list: Unwrap presents, log on to mobile banking

10 hours ago  |  1468 views  |  0

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.

Retail banking

Mobile overtakes all other channels for banking interactions - Bain and Company

22 hours ago  |  6421 views  |  0

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.

Mobile & online

Apple Pay shows impressive early adoption

19 December 2014  |  6865 views  |  0

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.

Retail banking

As bitcoin languishes, PeerNova raises $8.6 million to refocus on blockchain

19 December 2014  |  4581 views  |  1

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.

Retail banking

Payments Council to explore prospects for providing more information with payments

19 December 2014  |  4740 views  |  1

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


Brits ready to switch banks to access mobile payments - Zapp

19 December 2014  |  5853 views  |  10

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 claim $90 million costs for Home Depot breach

19 December 2014  |  13802 views  |  1

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.

Retail banking

Royal Bank of Canada adds HCE to mobile app

18 December 2014  |  5472 views  |  0

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.

Retail banking

International vendors on alert as US banks rethink core platform strategies

18 December 2014  |  3449 views  |  0

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.

Retail banking

EU agrees interchange reforms

18 December 2014  |  5655 views  |  12

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.


Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  7206 views  |  1

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

Retail banking

Toronto subway gets card payment option

17 December 2014  |  2904 views  |  0

From next month, Toronto's commuters will finally be able to pay for subway journeys with their debit and credit cards, although contactless payments on the city's antiquated public transport network are still some way off.


MBNA to be first UK card issuer to deploy MasterCard digital wallet

17 December 2014  |  10038 views  |  0

MBNA is to be the UK’s first card issuer to offer a MasterPass powered digital wallet to its customers for online shopping.


Barclaycard to trial contactless gloves

16 December 2014  |  7631 views  |  2

Barclaycard has taken an innovative approach to the wearable payments market with the trial of 'tap and pay' woollen gloves that allow people to pay contactlessly for their Christmas shopping.


Canadians get bitcoin option for credit card payments

16 December 2014  |  6542 views  |  0

Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.


Bitcoin margin trading platform launched in Vietnam

16 December 2014  |  5949 views  |  0

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

Mobile & online

Euronext launches app for retail investors

16 December 2014  |  2419 views  |  0

Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext's cash markets and other equity exchanges.


Himalayan Bank enhances card issuing

16 December 2014  |  1888 views  |  0

Himalayan Bank, a private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to improve issuance across its entire debit and credit card portfolio.

Retail banking

AmEx uses Serve platform for consumer savings research

16 December 2014  |  2801 views  |  0

American Express is tapping into its Serve software platform for a research pilot into the savings behaviour of customers.

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