23 October 2014

Latest News

Retail banking

Life.Sreda preps $100m fintech fund

14 October 2014  |  2845 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  |  2340 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.


AmEx and McDonald's offer burgers for points

14 October 2014  |  2799 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  |  3265 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.

Retail banking

Visa and MasterCard face scrutiny by new UK watchdog

14 October 2014  |  7140 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.


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

14 October 2014  |  3287 views  |  4

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

Retail banking

Bank-owned ConCardis invests in German iPad POS firm orderbird

14 October 2014  |  2510 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.


Japanese messaging outfit Line moves into payments

13 October 2014  |  3148 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.


Kmart joins retailer hall of infamy following eftpos hack

13 October 2014  |  2812 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.


Visa to bring card linked offers to Europe

13 October 2014  |  4471 views  |  2

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


Cuscal to acquire Strategic Payments Services

13 October 2014  |  2560 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.

Retail banking

Russian faces further counts in POS hacking case

10 October 2014  |  5019 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.


Icahn bullish on Apple Pay prospects

10 October 2014  |  3535 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  |  4626 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.


NZ mobile wallet venture preps for launch

10 October 2014  |  4433 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.

Retail banking

Digital beer mats driving customers to drink

10 October 2014  |  5306 views  |  0

NFC chip marketing firm Tamoco has partnered with Carlsberg and Uber on a range of 'digital beer mats' that will ply you with free drinks and then order a taxi to take you home.

Start ups

CME venture fund finds value in big data

10 October 2014  |  3772 views  |  0

Liquidity Ventures, the strategic tech innovation fund set up by the Chicago Mercantile Exchange, has completed its fourth transaction this year with an investment in big data company Powerlytics.

Start ups

Accenture brings Fintech Innovation Lab to Dublin

09 October 2014  |  6523 views  |  0

Accenture's Fintech Innovation Lab is landing in Ireland, with banking and tech giants throwing their weight behind the Dublin-based accelerator programme.


UK card transactions top one billion a month for first time

09 October 2014  |  5836 views  |  1

The pound in our pocket is increasingly being displaced by the plastic in our wallet says the UK Cards Association, with new figures showing that the number of debit and credit card transactions made in a single month passed one billion for the first time in August.

Mobile & online

CaixaBank to distribute contactless wristbands through branch network

09 October 2014  |  6809 views  |  0

CaixaBank is to distribute contactless wristbands from all of its branches after issuing its first batch of the wearable payments technology to select customers over the summer months.

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