25 October 2014

Latest News

Retail banking

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

15 October 2014  |  2318 views  |  0

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

Payments

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

15 October 2014  |  8184 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.

Mobile & online

Smartwatches face challenges as payment devices

15 October 2014  |  4627 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.

Retail banking

Digital investments top priority for retail banks - BAI

15 October 2014  |  5060 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.

Mobile & online

Nimbl introduces cash delivery app

14 October 2014  |  3972 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  |  2923 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.

Trade execution

CME to cull tech staff in restructuring

14 October 2014  |  2411 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.

Retail banking

AmEx and McDonald's offer burgers for points

14 October 2014  |  2832 views  |  1

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

Mobile & online

More banks join Paym

14 October 2014  |  3310 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  |  7223 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.

Payments

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

14 October 2014  |  3342 views  |  4

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

Payments

Bank-owned ConCardis invests in German iPad POS firm orderbird

14 October 2014  |  2554 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.

Retail banking

Japanese messaging outfit Line moves into payments

13 October 2014  |  3190 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  |  2863 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.

Payments

Visa to bring card linked offers to Europe

13 October 2014  |  4535 views  |  2

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

Payments

Cuscal to acquire Strategic Payments Services

13 October 2014  |  2595 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  |  5053 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.

Payments

Icahn bullish on Apple Pay prospects

10 October 2014  |  3581 views  |  2

Apple Pay is likely to prove a money spinner, generating revenues of $2.5 billion in 2017 in the US alone, predicts activist investor Carl Icahn.

Retail banking

BBVA opens API to developers for global hackathon

10 October 2014  |  4768 views  |  0

BBVA is to share a EUR60,000 pot with developers who can augment bank API data from card transactions in Mexico with external resources to create innovative new financial applications.

Payments

NZ mobile wallet venture preps for launch

10 October 2014  |  4473 views  |  0

New Zealand banks ASB and BNZ are to participate in live pilot trials of a new national mobile wallet developed by NFS NZ, a joint venture company established by the country's leading mobile networks and bank-owned eftpos firm Paymark.

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