25 October 2014

Latest News

Retail banking

Digital beer mats driving customers to drink

10 October 2014  |  5354 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  |  3818 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.

Mobile & online

Accenture brings Fintech Innovation Lab to Dublin

09 October 2014  |  6619 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.

Cards

UK card transactions top one billion a month for first time

09 October 2014  |  5905 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.

Cards

CaixaBank to distribute contactless wristbands through branch network

09 October 2014  |  6898 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.

Wholesale banking

NAB writes off $297m in under-performing software

09 October 2014  |  3714 views  |  0

National Australia Bank is to write down $297 million in software expenses as the promised benefits of some deployments failed to materialise amid rising costs.

Payments

Remittance costs in the spotlight as values grow

09 October 2014  |  3697 views  |  3

A World Bank report puts the global amount of remittances in 2014 at $582 billion and estimates that migrants paid an average of 7.9% in fees on these money transfers.

Security

Pay-by-fridge: Canadians ready for mobile money and more

08 October 2014  |  5629 views  |  0

Forget mobile payments, many Canadians are ready to shop through their internet-enabled fridges and chips implanted in their fingers.

Wholesale banking

HFT dealing turns sour for Thomson Reuters as Bloomberg takes on consumer confidence data

08 October 2014  |  4555 views  |  0

An agreement by the University of Michigan to distribute its market moving consumer confidence survey via Bloomberg terminals, rather than exclusively through Thomson Reuters, has been applauded by the New York Attorney General as a victory in his prolonged battle against high frequency trading.

Retail banking

Nationwide bargains on discount voucher app

08 October 2014  |  3831 views  |  0

Nationwide Building Society is looking to tap into Brits' love of a bargain with a new mobile app offering discounts from local and national retail brands.

Payments

Mobile payment network Zapp wins big-ticket retailer support

08 October 2014  |  6079 views  |  1

VocaLink-backed mobile payment venture Zapp claims to have won the the largest coalition of retailer support for a new payment method ever announced in the UK, as leading brands representing a customer base of some 35 million people sign up ahead of a projected 2015 launch.

Start ups

Sydney eyes fintech hub status

08 October 2014  |  3337 views  |  1

A new report has called on the Australian government to provide more support for the startup ecosystem in Sydney, contending the Australian capital has the potential to become an Asia/Pacific fintech hub, mirroring developments in London and New York.

Payments

Crooks use malware to empty cash machines

07 October 2014  |  6460 views  |  1

Criminals are using malware to clean out cash machines around the world, stealing millions of dollars without having to insert a credit card.

Payments

Equity Bank to take on M-Pesa with Thin SIM technology

07 October 2014  |  4415 views  |  0

Kenya's Equity bank is looking to take on M-Pesa with the release of an ultra-thin smart SIM that users can apply to access the bank's mobile money service without needing to use dual-SIM phones.

Risk & regulation

Overstock hires developers to create crypto-securities exchange

07 October 2014  |  3136 views  |  0

Online retailer Overstock has hired developers who worked on the P2P decentralised exchange Counterparty to build a marketplace for corporate stocks issued as 'cryptosecurities'.

Payments

Boku acquires carrier billing competitor mopay

07 October 2014  |  2908 views  |  0

US carrier billing company Boku has acquired one of its leading competitors, Germany-based mopay, extending its network to hundreds of new online merchants and consumers worldwide.

Cards

Square raises $150m

06 October 2014  |  3198 views  |  0

Square has raised $150 million in a funding round, led by the Government of Singapore Investment Corporation, that values the payments firm at $6 billion, according to the New York Times.

Retail banking

Swift bemoans pressure to cut off Russia and Israel from network

06 October 2014  |  3890 views  |  1

Swift says that it "regrets" the political pressure it has come under in recent months to cut off institutions and whole countries from its network, stressing that it does not have the authority to decide on sanctions.

Payments

Facebook Messenger screenshots hint at P2P payments

06 October 2014  |  4971 views  |  1

Facebook has built a feature that could soon let friends send money to each other through Messenger, screenshots posted by a Stanford University student suggest.

Retail banking

PayPal picks London Start Tank participants

06 October 2014  |  3265 views  |  0

PayPal has selected the five UK tech startups that will move into its London offices for six months as part of a new mentoring programme.

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