02 April 2015

Latest News

Security

OCBC Bank uses Apple Touch ID for account balance access

11 March 2015  |  4160 views  |  0 comments | 9 tweets | 10 linkedin

Singapore's OCBC Bank is enlisting Apple's Touch ID technology to let customers check their account balances with the press of a finger.

Retail banking

US charges email spammers over huge data breach

11 March 2015  |  2263 views  |  0 comments | 3 tweets | 2 linkedin

US authorities have charged three men in connection with a series of hacks into email service providers that saw customers of some of the country's biggest banks spammed with messages linking to sites selling dodgy software.

Retail banking

Abra taps the blockchain for P2P remittances

10 March 2015  |  5187 views  |  0 comments | 15 tweets | 14 linkedin

A US startup is hoping to shake up the multi-billion dollar remittance market with a mobile app that bypasses the middle men by using the bitcoin blockchain and a network of 'human ATMs'.

Security

PayPal to create cyber-crime centre in Israel following CyActive acquisition

10 March 2015  |  7665 views  |  0 comments | 8 tweets | 10 linkedin

PayPal is to establish a new cyber-security centre in Tel Aviv after confirming the acquisition of local vendor CyActive

Cards

EU Parliament approves interchange fee caps

10 March 2015  |  9136 views  |  21 comments | 28 tweets | 24 linkedin

The European Parliament has voted overwhelmingly in favour of a bill to cap the interchange fees charged by card schemes for payments using credit and debit cards.

Wholesale banking

Digital overtakes regulation as top priority for global banks

10 March 2015  |  8935 views  |  0 comments | 58 tweets | 43 linkedin

The rush to implement new digital technologies has overtaken regulatory worries as the highest priority for global banking executives, according to a new report from the Economist Intelligence Unit.

Cards

EPC lays out framework for handling card-not-present transactions

10 March 2015  |  3339 views  |  0 comments | 12 tweets | 7 linkedin

The European Payments Council has drawn up a blueprint for the creation of an interoperable card and terminal infrastructure to handle card-not-present transactions across the Single Euro Payments Area (Sepa).

Payments

Citi, Fidelity and Mint develop first FS apps for Apple Watch

09 March 2015  |  9089 views  |  0 comments | 26 tweets | 19 linkedin

Citi, Fidelity and Mint are the first financial services-related developers out of the blocks with apps designed for the new Apple Watch, which goes on sale next month.

Security

Korea to move to chip-only cards for ATM transactions

09 March 2015  |  3441 views  |  0 comments | 10 tweets | 5 linkedin

The Korean banking industry is to block the use of mag-stripe plastic cards in all of the country's cash machines from May.

Cards

Campaign pushes for US adoption of chip and PIN

09 March 2015  |  4432 views  |  16 comments | 11 tweets | 9 linkedin

A campaign designed to put pressure on US card issuers to embrace chip and PIN, rather than just chip and signature, technology has been launched.

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