17 April 2014

Latest News


Apple expected to announce support for NFC and mobile payments

11 April 2014  |  12379 views  |  12

Anticipation is mounting that Apple is finally about to join Google in adopting NFC for payments on its mobile devices and up-coming smartwatch.

Mobile & online

Regulators warn US banks to take action over Heartbleed exploit

11 April 2014  |  2813 views  |  0

US regulators have warned the nation's banks to undertake a complete overhaul of their security infrastructure to counteract the threat from the Heartbleed bug.


Fujitsu launches biometric ATMs in Europe

11 April 2014  |  4821 views  |  1

Fujitsu has launched a new range of ATMs on the European market, featuring its PalmSecure biometric technology and support for mobile NFC.

Transaction banking

Banks seek out new opportunities in supply chain finance

11 April 2014  |  2613 views  |  0

The importance and potential of supply chain finance as a line of business for European banks has been emphasised in a survey by working capital outfit Demica which indicates that one third of banks sampled have created SCF-specific roles with directorial status.

Retail banking

Icahn backs down in eBay spat over PayPal spin-off

10 April 2014  |  1811 views  |  0

eBay has successfully fought off a bid by activist investor Carl Icahn to force a spin-off of the online flea market's PayPal subsidiary, with both sides calling a truce after a bitter four-month struggle.

Retail banking

Co-op CIO Coleman quits embattled bank

10 April 2014  |  1717 views  |  0

Pete Coleman, chief information officer of the Co-op Bank, has quit his role after just a year in the job at the troubled UK bank.

Wholesale banking

Khosla leads all-star investment in small business finance start-up Fundbox

10 April 2014  |  2449 views  |  0

Fundbox, a San Francisco-based start-up that helps business owners fix their cash flow by transferring the amount of outstanding invoices to their bank accounts, has secured a $17.5 million funding round led by Khosla Ventures and featuring an all-star team of private investors, including former Citigroup chief Vikram Pandit, ex-Reuters head Tom Glocer, ISE chairman David Krell, and Jay Mandelbaum, one-time head of strategy and e-commerce at JPMorgan Chase.


Innotribe Start-up Challenge semi-finalists to go on display at Finextra Future Money

10 April 2014  |  3220 views  |  1

Fifteen fintech start-ups will pitch their business ideas to an audience of bankers and VCs at the European semi-final of Swift's Innotribe Start-up Challenge, which is taking place at the Finextra Future Money show in Canary Wharf later this month.


Birdback launches card-linked offers platform

10 April 2014  |  2466 views  |  1

UK start-up Birdback says hundreds of UK retailers can now link discounts, cashback and loyalty programmes directly to customers' payment cards for offline spending on the high street.


NAB turns its back on Bitcoin; cites reputational risks

10 April 2014  |  3137 views  |  0

National Australia Bank is to close down accounts held by people trading in bitcoin due to the "unacceptable level of risk" posed to its business and reputation.


Westpac forecasts $3 billion in mobile contactless transactions in 2015

09 April 2014  |  2819 views  |  0

Westpac is forecasting almost $3 billion in contactless transactions will be made via mobile by 2015 as the Australian bank begins the roll-out of a new m-payment service on Samsung's Galaxy S4 and S5 smartphones.

Retail banking

US Attorney General floats tighter regulations for virtual currencies

09 April 2014  |  2039 views  |  0

The US Attorney General has raised the prospect of applying money-laundering and know-your-customer controls to virtual currency transactions as a means to clamp down on illegal activity.

Transaction banking

Gates to venture back into the land of the dinosaurs at Sibos

09 April 2014  |  2807 views  |  0

Banking co-operative Swift has announced that former Microsoft chairman and CEO Bill Gates will give the closing plenary address at the the annual Swift international banking and operations seminar, Sibos, in Boston.

Mobile & online

StarHub gains window on the future with crowdfunding launch

09 April 2014  |  1567 views  |  0

In a move that banks might want to follow, Singaporean telecoms firm StarHub has launched a new crowdfunding site where entrepreneurs can raise cash from the general public and receive backing for their projects from the telco itself.

Retail banking

Metro Bank founder to launch digital bank; recruits first direct's Mullen

09 April 2014  |  5658 views  |  8

Metro Bank founder Anthony Thomson has recruited first direct chief Mark Mullen to head a new UK digital bank.


Mashreq rolls out contactless stickers

08 April 2014  |  2467 views  |  2

United Arab Emirate-based bank Mashreq is offering customers stickers that can be attached to mobile phones and used to make contactless payments.

Retail banking

MasterCard reports contactless surge; forecasts boom in mobile payments

08 April 2014  |  7315 views  |  7

MasterCard is expecting an uplift in contactless transactions to lead to a revolution in mobile payments, with the card scheme currently running 50 NFC pilots across Europe.


Fewer than 1% of European ATMs upgraded to Windows 7

08 April 2014  |  3711 views  |  3

On the day that Microsoft ends tech support for the Windows XP operating system, research from RBR suggests that hardly any European ATMs have been upgraded to Windows 7.

Retail banking

Absa launches Payment Pebble mPOS device

08 April 2014  |  2460 views  |  1

South Africa's Absa has launched Payment Pebble, a headphone-jacked mobile point of sale device for small traders, as it refines its operating model to become a fully digital bank.

Mobile & online

Researchers hack mPOS devices, play Flappy Bird

07 April 2014  |  8604 views  |  2

Mobile point-of-sale (mPOS) devices can be easily hacked, leaving banks, retailers and customers open to fraud, claims MWR InfoSecurity, which has even managed to play Flappy Bird on one reader.

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