31 July 2014

Latest News

Payments

Apple talking to Visa about mobile payments - report

24 July 2014  |  9647 views  |  14

Apple is in talks with Visa as it ponders launching a mobile wallet this autumn, according to tech site The Information.

Retail banking

Online lender AvantCredit raises $75m

24 July 2014  |  2046 views  |  0

AvantCredit, a Chicago-based online consumer lender, has raised $75 million in a series c funding round led by Tiger Global Management and secured a $200 million credit facility.

Retail banking

University incubator companies pitch to Barclays

23 July 2014  |  3252 views  |  0

A business incubation programme run by a consortium of UK universities has been pitching promising startup companies to Barclays Bank.

Retail banking

PayPal brings small biz working capital programme to UK

23 July 2014  |  3603 views  |  1

PayPal is bringing its working capital programme for small business customers to the UK, offering firms cash advances against future sales.

Wholesale banking

Iress introduces Twitter market data service

23 July 2014  |  2144 views  |  0

Fintech vendor Iress is promising to bring market data to the masses through a tool that allows people to request share process information through Twitter.

Retail banking

Amazon sneaks out wallet app

22 July 2014  |  6703 views  |  2

Amazon has taken another tentative step into the world of offline commerce through the launch of a mobile wallet app where customers can store loyalty and gift cards.

Transaction banking

Swift signs more banks to KYC Registry

22 July 2014  |  3793 views  |  0

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

Retail banking

Ex-Google Wallet boss Bedier becomes PayRange director

22 July 2014  |  3995 views  |  1

Former Google Wallet chief Osama Bedier has turned up as a director at PayRange, a startup that builds dongles that can be attached to vending machines to enable them to accept mobile payments.

Payments

Westpac NZ trials HCE-based mobile contactless payments

22 July 2014  |  3621 views  |  0

Westpac has become the first bank in New Zealand to trial a host card emulation-based mobile NFC payments service.

Payments

BBA ponders Payments Council merger - Sky News

22 July 2014  |  3101 views  |  0

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.

Mobile & online

Startupbootcamp names fintech accelerator startup finalists

21 July 2014  |  5495 views  |  0

A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

Cards

ACI Worldwide seeks opportunities in CNP fraud protection with ReD acquisition

21 July 2014  |  4038 views  |  0

ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash.

Payments

Monitise and IBM expand mobile commerce alliance

21 July 2014  |  5517 views  |  1

Monitise and IBM have strengthened their alliance, working together to push mobile banking, payments and commerce technology to financial institutions around the world.

Retail banking

Romanian cybercrime network dismantled

18 July 2014  |  4535 views  |  0

European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.

Retail banking

UK banks face competition probe

18 July 2014  |  3201 views  |  3

Britain's competition watchdog is preparing an in-depth investigation into the retail banking sector in a move which could eventually see the country's high street giants broken up.

Retail banking

Funding running dry for payments startups as new entrants struggle to gain ground

18 July 2014  |  8190 views  |  10

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

Payments

Facebook tests 'buy' button; Twitter buys CardSpring

18 July 2014  |  4948 views  |  0

Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.

Retail banking

BBVA startup contest attracts 850 projects

18 July 2014  |  5081 views  |  0

A startup competition organised by Spanish bank BBVA has attracted entrepreneurs from 56 countries, showcasing 850 technology projects.

Retail banking

Turkey's TEB rolls out NCR video teller tech

18 July 2014  |  3094 views  |  0

Turkish Economy Bank (TEB) has deployed NCR Interactive Teller video technology in the lobby of one of its Istanbul branches, enabling customers to talk to off-site employees.

Risk & regulation

NY regulator sets out BitLicense plans

17 July 2014  |  3462 views  |  0

New York state's financial services regulator has set out the details of its planned 'Bitlicense' framework for firms dealing with virtual currencies.

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