30 July 2014

Latest News

Wholesale banking

London Stock Exchange partners Wipro to launch reconciliation utility

09 July 2014  |  3586 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  |  2012 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  |  11897 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.

Retail banking

Weve CEO Sear joins Skrill

09 July 2014  |  2989 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.

Retail banking

Diebold and Wincor Nixdorf create ATM security association

08 July 2014  |  4028 views  |  0

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

Mobile & online

Monitise slashes revenue outlook

08 July 2014  |  3472 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.

Mobile & online

Branches on the precipice as Brits embrace digital banking

08 July 2014  |  5532 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  |  4323 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.

Retail banking

Bankia unveils mobile wallet

07 July 2014  |  3581 views  |  0

Spain's Bankia has launched a sticker and app-based mobile contactless payments service.

Payments

London buses go cashless

07 July 2014  |  5905 views  |  8

London buses have stopped accepting cash fares in a move that Transport for London (TfL) says will save £24 million a year.

Risk & regulation

European banks told to avoid bitcoin

04 July 2014  |  6247 views  |  0

Europe's financial institutions should steer clear of virtual currencies such as bitcoin until a regulatory regime is in place, the European Banking Authority (EBA) has warned.

Wholesale banking

Google makes U-turn on deletion of link about ex-Merrill boss O'Neal

04 July 2014  |  12889 views  |  0

Following a public uproar, Google has reversed its decision to remove links to a BBC article about former Merrill Lynch CEO Stan O'Neal, according to Reuters.

Retail banking

Hungarian mobile wallet trials declared a success

04 July 2014  |  5146 views  |  0

The bank- and telco-backed Hungarian Mobile Wallet Association is preparing for a full-scale commercial roll-out after reviewing largely positive feedback from a year-long pilot trial of its NFC-based m-payment service.

Payments

Barclays scores govt cyber security certification for digital banking services

04 July 2014  |  7244 views  |  0

Barclays has become the first major organisation to receive a new UK government cyber security certification for its digital banking services.

Retail banking

CaixaBank to roll out contactless wristbands

03 July 2014  |  8756 views  |  2

CaixaBank is to distribute 15,000 contactless wristbands to customers over the summer, staking a claim to being the largest wearable payments programme in Europe.

Retail banking

Google 'pirate' Makoski joins Capital One

03 July 2014  |  3580 views  |  0

Google design whiz Dan Makoski is quitting the search giant's free-thinking Project Ara 'pirate' mobile development division to join Capital One as VP of design, with an initial focus on m-commerce and payments.

Wholesale banking

Goldman goes to court to get Google to delete email containing client data

03 July 2014  |  3366 views  |  1

Goldman Sachs has gone to court to get Google to delete an email containing "highly confidential" client data because it was sent to the wrong recipient.

Security

Brazilian scammers score $3.75 billion in malware bank fraud

03 July 2014  |  4981 views  |  3

Brazilian criminal gangs have netted $3.75 billion in a micro-transaction fraud that compromises transactions made using the popular Boleto payment method.

Mobile & online

Santander launches $100m fintech venture fund

03 July 2014  |  7849 views  |  0

Spanish banking giant Santander has launched a $100 million, London-based fintech venture capital fund as it bids to get in on the ground floor at startups leading the financial services digital revolution.

Payments

Visa and MasterCard given Russian boost

02 July 2014  |  4188 views  |  1

Visa and MasterCard may escape having to pay billions of dollars in security deposits to carry on operating in Russia after the country's central bank rowed back on its initial demands.

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