28 February 2015

Latest News

Payments

American Express to appeal against antitrust ruling

20 February 2015  |  4616 views  |  0 comments | 3 tweets | 6 linkedin

American Express is to appeal a US Federal Court ruling that its exclusivity conditions constitute an unlawful restraint of trade, contending that the judgment would harm competition by further entrenching the two dominant payment networks, Visa and MasterCard.

Retail banking

Stripe offers bitcoin payments through a single line of code

20 February 2015  |  4163 views  |  0 comments | 8 tweets | 6 linkedin

Digital payments upstart Stripe has added support for bitcoin, enabling merchants to accept the crypto-currency through just a single line of code.

Mobile & online

Branches hold strong in face of digital onslaught - FDIC

20 February 2015  |  5857 views  |  2 comments | 20 tweets | 8 linkedin

Despite the rise of online and mobile banking, there has been only a modest decline in the number of branches in the US over the last few years, according to research from the Federal Deposit Insurance Corporation (FDIC).

Retail banking

Russian national charged in largest known data breach extradited to the US

19 February 2015  |  3766 views  |  0 comments | 4 tweets | 2 linkedin

A Russian national has appeared in federal court in Newark after being extradited from the Netherlands to face charges that he conspired in the largest international hacking and data breach scheme ever prosecuted in the United States.

Wholesale banking

FCA to probe investment and corporate banking competition

19 February 2015  |  4083 views  |  0 comments | 2 tweets | 2 linkedin

The Financial Conduct Authority (FCA) is to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.

Cards

Federal payments portal opens up to digital wallets from PayPal and Dwolla

19 February 2015  |  5878 views  |  0 comments | 10 tweets | 7 linkedin

Pay.gov, the US Government's Web portal for collecting payments for federal agencies, has opened up to digital wallets from PayPal and Dwolla, as part of an ongoing effort to move away from paper-based processes to more efficient and secure electronic transactions.

Mobile & online

Banks and MNOs set for sub-Saharan African mobile money market fee bonanza

19 February 2015  |  4679 views  |  0 comments | 14 tweets | 12 linkedin

The sub-Saharan mobile money revolution is set to net providers such as telcos and banks as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group (BCG).

Retail banking

Endless pizzas and free gadgets keep Masters of Code challengers hacking

19 February 2015  |  3401 views  |  0 comments | 1 tweets | 4 linkedin

Over 100 developers from 15 teams crammed into a co-working space at Fishburners in Sydney for the launch of MasterCard's first-ever global hackathon series, exceeding the card scheme's aspirations for the event.

Retail banking

Samsung prepares for Apple Pay battle with LoopPay acquisition

18 February 2015  |  8832 views  |  9 comments | 31 tweets | 28 linkedin

Samsung has agreed a deal to buy mobile wallet outfit LoopPay, giving the electronics giant a new weapon in its brewing battle with Apple for the m-payments market. Financial terms have not been disclosed.

Retail banking

US Marshals prep third Silk Road bitcoin auction

18 February 2015  |  2602 views  |  0 comments | 2 tweets | 3 linkedin

The United States Marshals Service is preparing to auction another 50,000 bitcions - worth around $11.7 million at current prices - seized in connection with the Silk Road dark web marketplace.

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