A senior researcher at the Federal Reserve Bank of St Louis has floated the idea of a government-backed 'Fedcoin' that uses a bitcoin-style protocol but the US dollar as the monetary object, combining the best of cryptocurrencies and cash.
Total bank IT spending across North America, Europe, and Asia-Pacific will grow to $196.7 billion in 2015, an increase of approximately 4.6% over 2014, according to forecasts by Celent.
Spending on contactless cards more than trebled over the last year to reach a record £2.32 billion in 2014, according to data published by The UK Cards Association.
Swatch is to launch an Internet-enabled smartwatch featuring mobile payment functionality in the next two to three months.
Orange has struck a deal with Ecobank that will enable customers in several African countries to transfer money between accounts with the telco and financial services group through their mobile phones.
Temasek Holdings, Singapore's state-owned investment fund, is sniffing around core banking supplier Misys, which has been put on the block by current owner Vista Equity Partners, according to Sky News.
Tesco Bank has fixed a computer glitch that locked 300,000 of its customers from their accounts for two days.
Five men have been jailed for a total of just over 17 and half years for a series of phone frauds in which they posed as police officers and bank staff to trick their victims out of thousands of pounds.
It's the end of an era in Chicago as the CME Group announces plans to close most of its open outcry futures trading pits in the summer.
More than 1.5 billion smart payment cards were shipped in 2014 as the rise of contactless and America's migration to EMV technology drove growth.
© Finextra Research 2015