29 August 2015

Latest News

Asic extends Innovation Hub initiative
Risk & regulation

Asic extends Innovation Hub initiative

06 August 2015  |  4412 views  |  0 comments | 10 tweets | 2 linkedin

An 'Innovation Hub' established by Australian financial watchdog Asic to help fintech startups navigate the regulatory landscape is reporting strong demand for its services from budding businesses keen to break into financial services.

JPMorgan Chase to double cybersecurity spending
Wholesale banking

JPMorgan Chase to double cybersecurity spending

05 August 2015  |  6084 views  |  0 comments | 21 tweets | 13 linkedin

JPMorgan Chase is to double its cybersecurity budget over the next two years in the wake of a massive security breach last summer which saw the contact information of more than 80 million customers stolen.

Visa opens development centre in India; preps new m-payment service
Payments

Visa opens development centre in India; preps new m-payment service

05 August 2015  |  6193 views  |  0 comments | 13 tweets | 6 linkedin

Visa is opening a new technology development centre in Bangalore that will house 1000 staff, as the card scheme prepares for the roll out of a new mobile payment service for the Indian market.

Swiss banks join SIX and Swisscom to push mobile payments to the high street
Mobile & online

Swiss banks join SIX and Swisscom to push mobile payments to the high street

05 August 2015  |  5876 views  |  0 comments | 9 tweets | 7 linkedin

SIX and Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide.

US bears the brunt of global card fraud losses
Security

US bears the brunt of global card fraud losses

05 August 2015  |  7508 views  |  3 comments | 23 tweets | 13 linkedin

The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.

Samsung engineers payments for TV
Payments

Samsung engineers payments for TV

05 August 2015  |  4688 views  |  0 comments | 14 tweets | 13 linkedin

Samsung is to equip its television sets with a new way for viewers to pay for goods and services from the comfort of their armchair.

RBS branch with just 17 customers is shut down
Mobile & online

RBS branch with just 17 customers is shut down

05 August 2015  |  4894 views  |  5 comments | 7 tweets | 15 linkedin

As industry experts debate the future of the bank branch, RBS is shutting the doors on one site in Leicester city centre because it has a measly 17 customers.

Appeals court revives Visa, MasterCard ATM fee lawsuits
Payments

Appeals court revives Visa, MasterCard ATM fee lawsuits

04 August 2015  |  4260 views  |  1 comments | 8 tweets | 5 linkedin

In a bad day in court for the card firms, a federal appeals court has revived ATM access fee litigation against Visa and MasterCard, while in a separate case a judge has rejected American Express's interchange fee class action settlement.

Open University and Innovate Finance launch Fintech 101 course
Payments

Open University and Innovate Finance launch Fintech 101 course

04 August 2015  |  8519 views  |  0 comments | 28 tweets | 11 linkedin

The Open University has teamed up with UK fintech trade body Innovate Finance to launch the world's first introductory course to financial technology.

Australian Senate says bitcoin should be treated as a regular currency
Payments

Australian Senate says bitcoin should be treated as a regular currency

04 August 2015  |  3824 views  |  0 comments | 13 tweets | 4 linkedin

The Australian Senate says that digital currency transactions should be treated in the same way as fiat for the purposes of taxation, overturning a previous judgement from the country's Taxation Office that labelled bitcoin holdings as 'intangible assets'.

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