26 July 2014

Latest News

Mobile & online

LCL implements mobile PIN issuance

14 July 2014  |  3113 views  |  0

French financial services company LCL has introduced a service that securely issues payment card PIN codes to customers via SMS texting.

Payments

French to boost bitcoin transparency; Finns to broadcast bitcoin data through TV network

14 July 2014  |  3569 views  |  1

The French government has moved to limit the anonymity of bitcoin users through rules that require 'distributors' of the virtual currency to verify the identity of account holders.

Mobile & online

Brits lukewarm on digital-only banks as branch visits increase

14 July 2014  |  6112 views  |  16

More than half of Brits visit a branch at least once a month and only a quarter would consider using a purely digital bank, according to a survey from Accenture.

Retail banking

Barclays ditches branch cashiers for 'community bankers'

11 July 2014  |  7083 views  |  3

As customers increasingly carry out basic transactions online, Barclays is ditching the old-fashioned branch cashier, retraining staff as 'community bankers'.

Retail banking

UK cyber cops take on Shylock malware

11 July 2014  |  3617 views  |  1

Authorities around the world, led by the UK's National Crime Agency (NCA), have banded together to tackle the Shylock banking malware.

Wholesale banking

Former Credit Suisse banker becomes Coinfloor chairman

11 July 2014  |  3974 views  |  1

London-based bitcoin exchange Coinfloor has brought in Adam Knight, a former senior manager at Credit Suisse and Goldman Sachs, as executive chairman.

Payments

Botnet takes advantage of weak passwords to hack POS systems

10 July 2014  |  4047 views  |  0

Security firm FireEye says it has discovered a botnet that is sniffing out point-of-sale systems and using brute force techniques to hack them and steal card data.

Payments

Former PayPal founder Levchin wants to upend consumer finance

10 July 2014  |  5650 views  |  4

Former Paypal co-founder Max Levchin is looking to disrupt the payments market once again with the launch of a new service that lets online merchants advance credit to consumers at the point of sale.

Risk & regulation

UK watchdog to probe pre- and post-trade market infrastructure

10 July 2014  |  3309 views  |  0

The UK's Financial Conduct Authority is to probe for anti-competitive practices in the pricing and packaging of pre- and post-trade wholesale market infrastructure.

Security

Hedge fund cyber-attack was not real, admits BAE Systems

10 July 2014  |  3227 views  |  0

A cyber-attack on a hedge fund which recently attracted a slew headlines never actually happened, BAE Systems, the firm at the centre of the story, has admitted.

Mobile & online

Sage Pay wins ZappHack with location-aware ticketing app

10 July 2014  |  5674 views  |  0

After 36 gruelling hours of coding, designing and testing, Sage Pay's three-person team has emerged victorious at the ZappHack Revive Retail hackathon in London this week.

Wholesale banking

Bloomberg buys RTS Realtime Systems

09 July 2014  |  4707 views  |  0

Bloomberg has acquired market connectivity and trading technology firm RTS Realtime Systems. Financial terms of the deal were not disclosed.

Wholesale banking

London Stock Exchange partners Wipro to launch reconciliation utility

09 July 2014  |  3506 views  |  0

The London Stock Exchange has partnered with Indian IT services firm Wipro to launch a hosted reconciliation utility designed to eliminate the needs for firms to invest in technology, people and processes for tracking their outstanding transactions.

Payments

Mt. Gox CEO auctions bitcoins.com domain; promises to share proceeds with creditors

09 July 2014  |  1985 views  |  0

Mt. Gox CEO Mark Karpeles is putting the domain name bitcoins.com up for auction, promising to use some of the proceeds to reimburse users of his failed virtual currency exchange.

Retail banking

The end of verification? Visa Europe posits new age for payment security

09 July 2014  |  11685 views  |  26

Executives at Visa Europe are pondering an overhaul of card security standards as new technologies and consumer preferences for frictionless shopping create demands for a more flexible approach to protecting transactions.

Payments

Weve CEO Sear joins Skrill

09 July 2014  |  2961 views  |  0

Weve CEO David Sear is moving to online payments outfit Skrill where he will take on the newly created position of chief commercial officer.

Security

Diebold and Wincor Nixdorf create ATM security association

08 July 2014  |  3850 views  |  0

Cash machine manufacturers Diebold and Wincor Nixdorf have joined forces to found an association that will work to improve ATM security.

Payments

Monitise slashes revenue outlook

08 July 2014  |  3419 views  |  0

Shares in Monitise plunged by more than 15% in morning trading after the mobile money firm cut its full year revenue growth forecast for the second time.

Retail banking

Branches on the precipice as Brits embrace digital banking

08 July 2014  |  5266 views  |  2

Mobile and internet banking is now being used for transactions worth nearly £1 billion a day in the UK, hastening the decline of the traditional bank branch, according to new data from the British Bankers Association.

Retail banking

Isis mobile wallet ditches name to avoid jihadist confusion

08 July 2014  |  4259 views  |  4

Mobile money joint venture Isis is changing its name in a bid to shed any associations with the Islamic State of Iraq and Syria jihadist group.

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