21 October 2014

Latest News

Retail banking

W3C standards body looks to improve web payments

15 October 2014  |  3191 views  |  0

The World Wide Web standards organisation, W3C, is bringing together banks, retailers and tech firms in an effort to develop standards for payments on the open web.

Payments

Chase launches site for personalised rewards

15 October 2014  |  2508 views  |  0

With research showing that many Americans consider a strong rewards programme more important that interest rates when choosing which credit card to use, Chase has launched a new site promising to make its rewards more personalised.

Payments

Lawsky bows to BitLicense backlash

15 October 2014  |  2135 views  |  0

Individual users, software developers and bitcoin miners will be exempt from new regulations being drawn up to regulate the crypto-currency markets by New York's State Department of Financial Services.

Cards

Banco do Brasil taps Earthport for multi-currency pre-paid card transfers

15 October 2014  |  2188 views  |  0

Earthport has extended its funds transfer network into the pre-paid card market through a deployment at Banco do Brasil.

Retail banking

Your cash will be there in a 'Jiffy': SIA launches mobile money service

15 October 2014  |  7863 views  |  1

Italian payment processor SIA has launched a Sepa-compliant mobile money transfer service which lets users send and receive money in real time on their smartphone to and from their phone contacts.

Payments

Smartwatches face challenges as payment devices

15 October 2014  |  4073 views  |  0

Just one-in-three consumers would be interested in using a smartwatch for payments, with fitness tracking, online ID and travel ticketing viewed as more attractive features, according to a survey of 5000 people across five countries by GfK.

Mobile & online

Digital investments top priority for retail banks - BAI

15 October 2014  |  4749 views  |  0

Online and mobile platforms are the leading focus of technology investments for retail banks as they move to increase the functionality of their digital offerings, according to a BAI survey.

Retail banking

Nimbl introduces cash delivery app

14 October 2014  |  3721 views  |  0

In a strange hybrid of the physical and digital money worlds, an app has launched which delivers cash to people too lazy to walk to the ATM.

Payments

Life.Sreda preps $100m fintech fund

14 October 2014  |  2664 views  |  0

Russian fintech venture capital firm Life.Sreda is looking to raise $100 million for a second fund as it bids to find the next Square or Lending Club.

Wholesale banking

CME to cull tech staff in restructuring

14 October 2014  |  2250 views  |  0

CME is to cut five percent of its workforce, or about 150 jobs, with the majority of lay offs coming from technology positions.

Payments

AmEx and McDonald's offer burgers for points

14 October 2014  |  2734 views  |  1

American Express cardholders in the US can now pay for their Big Mac and fries in real time with reward points.

Retail banking

More banks join Paym

14 October 2014  |  3173 views  |  0

UK bank-backed mobile payment service Paym has confirmed that 20 new institutions have signed up to use the service, with first direct the first into production with a live roll-out.

Wholesale banking

Visa and MasterCard face scrutiny by new UK watchdog

14 October 2014  |  7003 views  |  0

The UK government is planning to put supervision of MasterCard and Visa alongside the country's main interbank payment systems into the hands of a new Payment Systems Regulator (PSR), whose chief remit is to inject more competition into the country's payments industry.

Mobile & online

Kotak Mahindra taps India's Immediate Payment Service to offer Facebook transfers

14 October 2014  |  3198 views  |  4

India's Kotak Mahindra Bank (KMB) has launched a bank agnostic mobile money transfer service for Facebook friends.

Cards

Bank-owned ConCardis invests in German iPad POS firm orderbird

14 October 2014  |  2429 views  |  0

ConCardis, a cashless payments outfit owned by a group of German banks, has led a $10 million series b funding round in iPad point-of-sales firm orderbird.

Security

Japanese messaging outfit Line moves into payments

13 October 2014  |  3070 views  |  0

Japanese messaging giant Line has become the latest social media player to enter the payments market, unveiling a service for both online and in-store transactions.

Cards

Kmart joins retailer hall of infamy following eftpos hack

13 October 2014  |  2738 views  |  0

US discount chain Kmart has become the latest big ticket retailer to fall victim to a POS malware breach at its bricks and mortar stores.

Cards

Visa to bring card linked offers to Europe

13 October 2014  |  4388 views  |  2

Visa Europe is to move into the card linked offers business through a partnership with US-based Edo Interactive.

Retail banking

Cuscal to acquire Strategic Payments Services

13 October 2014  |  2499 views  |  0

Australia's Cuscal is to acquire Strategic Payments Services, a payment processing joint venture launched by Bendigo Bank and MasterCard in 2006, as it strives to carve out a position in the emerging mobile and digital payments market.

Cards

Russian faces further counts in POS hacking case

10 October 2014  |  4977 views  |  0

A Russian man accused of hacking into point-of-sale terminals and selling stolen card data on online forums has had a batch of new charges thrown at him ahead of his trial in a US court next month.

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