26 May 2015

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Ripple scores $28 million funding round
Post-trade & ops

Ripple scores $28 million funding round

19 May 2015  |  4222 views  |  0 comments | 17 tweets | 17 linkedin

Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.

Metro Bank to offer consumer loans via Zopa
Retail banking

Metro Bank to offer consumer loans via Zopa

19 May 2015  |  4999 views  |  1 comments | 29 tweets | 21 linkedin

UK challenger bank Metro Bank is to lend funds to consumers via the online marketplace operated by P2P pioneer Zopa.

IZettle gets ready for Apple Pay with new contactless dongle
Retail banking

IZettle gets ready for Apple Pay with new contactless dongle

19 May 2015  |  4706 views  |  0 comments | 15 tweets | 15 linkedin

Swedish mPOS vendor iZettle has commenced the global roll-out of a new hardware dongle for small businesses that integrates both Chip & PIN and contactless payments, and includes out-of-the-box support for Apple Pay.

MasterCard to face EU anti-trust probe - Bloomberg
Cards

MasterCard to face EU anti-trust probe - Bloomberg

18 May 2015  |  3702 views  |  1 comments | 8 tweets | 8 linkedin

European anti-trust watchdogs are gearing up for another battle with MasterCard over the card scheme's fees, Bloomberg reports.

US banks bid to crack down on 'card cracking'
Security

US banks bid to crack down on 'card cracking'

18 May 2015  |  5726 views  |  2 comments | 8 tweets | 10 linkedin

US banks and law enforcement agencies are calling on consumers to be alert to an emerging scam, dubbed 'card cracking, which has so far cost the industry $11.6 million in stolen funds.

Queensland Police shame inept ATM thief
Security

Queensland Police shame inept ATM thief

18 May 2015  |  4128 views  |  0 comments | 3 tweets | 6 linkedin

Queensland Police have shamed a would-be bank robber by posting a comical video of a bungled ATM theft from a petrol station in Townsville.

Researchers build model to predict which delinquent credit card holders will pay up
Payments

Researchers build model to predict which delinquent credit card holders will pay up

15 May 2015  |  5282 views  |  0 comments | 15 tweets | 11 linkedin

University researchers say that they have found a way to predict which delinquent credit card accounts will repay outstanding balances that is up to 50% more accurate than the scoring systems currently used by banks.

Barclays ditches dot com in favour of proprietary domains
Retail banking

Barclays ditches dot com in favour of proprietary domains

15 May 2015  |  14889 views  |  3 comments | 32 tweets | 9 linkedin

Barclays is to ditch its dot com domains in favour of proprietary URLs ending in .barclays and .barclaycard.

JPMorgan staffer gets six years jail time for ID theft scam
Retail banking

JPMorgan staffer gets six years jail time for ID theft scam

15 May 2015  |  7757 views  |  0 comments | 3 tweets | 3 linkedin

A JPMorgan teller who was part of an ID theft ring that stole $850,000 from bank customers has been sentenced to six years in prison.

'Social network for credit' Vouch raises $6 million
Retail banking

'Social network for credit' Vouch raises $6 million

15 May 2015  |  4543 views  |  1 comments | 12 tweets | 10 linkedin

Vouch, a US-based startup that advances credit to customers on the basis of their social connections, has raised $6 million in Series A funding.

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