17 September 2014

Latest News

Risk & regulation

Fintech players back UK's Startup Manifesto

04 September 2014  |  4032 views  |  0

Heavy hitters from the fintech community have backed a 'Startup Manifesto' offering recommendations to the next UK government on everything from tax to visas to bitcoin.

Mobile & online

Bitcoin blackmailer pleads guilty

04 September 2014  |  2552 views  |  0

A 22-year old man who threatened to publish the details of thousands of phished Lloyds bank accounts unless he was paid £270,000 in bitcoins, has pleaded guilty to blackmail, possession of articles for use in fraud and possession of indecent images of children.


MCX unveils CurrentC m-commerce network

03 September 2014  |  5503 views  |  0

Merchant Customer Exchange (MCX), the mobile commerce joint venture put together by some of America's biggest retailers, has finally unveiled its payment network, promising a commercial launch next year.

Retail banking

Citi sells more branches to focus on digital

03 September 2014  |  3456 views  |  1

Citigroup has sold a further 41 branches in Texas to BB&T as it looks to cut back on its high street footprint and focus on online services.

Retail banking

Money20/20 founders to advise on $500 million healthcare and fintech fund

03 September 2014  |  3094 views  |  0

Money20/20 founders Anil Aggarwal and Jonathan Weiner have joined with Oak Investments on the launch of a $500 million healthcare information and fintech venture fund.

Retail banking

MasterCard puts seven startups on the Start Path accelerator

03 September 2014  |  2975 views  |  0

MasterCard has selected the first class of seven European startups to participate in its Start Path accelerator programme.


Isis becomes Softcard to avoid Islamic State association

03 September 2014  |  3862 views  |  8

Mobile money joint venture Isis has changed its name to Softcard in an effort to distance itself from the militant jihadist group operating in Iraq and Syria.


FIS agrees EUR375 million Clear2Pay acquisition

03 September 2014  |  6815 views  |  1

FIS is to pay EUR375 million to acquire Brussels-based payments technology vendor Clear2Pay.


Home Depot investigating suspected data breach

03 September 2014  |  2799 views  |  0

US renovation chain Home Depot appears to be the latest US retailer to be hit by a massive credit and debit card breach.

Retail banking

ANZ goMoney app hits $100 billion in transactions

03 September 2014  |  3229 views  |  0

Australia's ANZ says that its goMoney mobile-to-mobile payments app has passed A$100 billion in transactions since launching in late 2010.

Retail banking

UK FS industry warms to cloud but security concerns remain

02 September 2014  |  4402 views  |  0

Nearly two thirds of UK financial services firms consider cloud computing very or somewhat critical to their enterprise IT strategy but security and regulatory concerns about the technology persist, according to research from Finextra.


IT glitch hits payments processing at Yorkshire Bank

02 September 2014  |  2968 views  |  2

Yorkshire Bank has apologised to customers following a computer breakdown that knocked out its branches and Internet banking services and scuppered overnight payments in and out of accounts.

Retail banking

Alipay and Huawei team on fingerprint-based mobile payments

02 September 2014  |  4583 views  |  1

China's Alipay has teamed up with handset maker Huawei to develop a system which lets people make mobile payments with their fingerprints.


Australia's eftpos takes on PayPal with online payments system

02 September 2014  |  4172 views  |  0

Australian point-of-sale payments provider eftpos is moving online, testing a new system for web-purchases at supermarket chain Coles.

Mobile & online

YouTube taps Google Wallet for fan funding feature

02 September 2014  |  2959 views  |  0

YouTube has introduced a feature which enables viewers to make donations to their favourite content creators through Google Wallet.

Retail banking

BBVA mobile payments app racks up 250,000 Spanish downloads

01 September 2014  |  6174 views  |  1

Having proved itself a hit in Spain, the BBVA HCE-based mobile payments app is set to be launched in the US, Mexico and Chile by the end of the year.

Retail banking

UK to press for Russian expulsion from Swift

01 September 2014  |  8440 views  |  0

The British government is urging EU nations to expel Russian banks from the Swift financial messaging network, as tensions grow over the escalating crisis in Ukraine.


Amazon hires Visa's Talwar to lead lending business

29 August 2014  |  4344 views  |  0

Amazon has hired Visa's North America credit card head Nick Talwar to run its business providing capital to sellers on its marketplace.

Retail banking

Sberbank throws in free cat with every mortgage

29 August 2014  |  4807 views  |  0

Russia's Sberbank has come up with the purrfect gimmick to entice customers - the loan of a free cat with every mortgage.

Wholesale banking

Citi boss Corbat meets Ice Bucket Challenge but Icahn ducks out

29 August 2014  |  4056 views  |  0

Citi CEO Mike Corbat has become the latest Wall Street heavyweight to prove that bankers do have hearts, and marketing savvy, by taking the ALS Ice Bucket Challenge.

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