30 September 2014

Latest News

Mobile & online

Gates Foundation launches challenge to boost mobile money acceptance

18 September 2014  |  4966 views  |  0

The Bill & Melinda Gates Foundation is aiming to accelerate the adoption of digital payments in the developing world by offering grants to firms that make it easy for small merchants to accept mobile money.

Retail banking

Orange Money ties up with Bank of Africa for mobile banking

17 September 2014  |  2944 views  |  0

Wireless operator Orange has integrated its mobile Money platform with the Bank of Africa, enabling users to perform basic banking transactions with their handsets.

Retail banking

European card issuers the losers as global payments revenues show upward trend

17 September 2014  |  6018 views  |  1

European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.

Mobile & online

First direct tops customer service charts - Which?

17 September 2014  |  2829 views  |  2

First direct, a bank that has no high street branches but still manages to make its customers feel valued, is the top-rated brand for customer service in the UK, according to a survey by consumer champion Which?

Retail banking

Bank tellers indicted in $850,000 identity-theft ring

17 September 2014  |  2608 views  |  0

The New York Attorney General's office has charged five individuals, including three bank tellers, with running an identity-theft ring that stole $850,000 from some of New York's biggest banks over a four-year period.

Retail banking

TransferWise makes push for the mainstream with TV ad mocking banks

17 September 2014  |  2985 views  |  0

With an overhauled website and mobile app to show off, London-based currency exchange startup TransferWise has stepped up its assault on the banking industry in its first TV ad.


Subway to take Softcard payment and loyalty programme nationwide

16 September 2014  |  3853 views  |  2

The US telco-backed Softcard consortium has received a welcome boost with news that the giant fast food chain Subway is to deploy its Card Rewards Program as part of a national roll-out of the SmartTap payment app.


Amazon shuts down P2P payments service

16 September 2014  |  4672 views  |  0

Amazon is killing off WebPay, admitting that the person-to-person money transfer service is not good enough to keep persevering with.

Retail banking

Bangladesh threatens jail time for bitcoin users

16 September 2014  |  4651 views  |  2

Bangladesh's central bank has warned that anyone using bitcoin in the country could face a jail term of up to 12 years.

Risk & regulation

CME Group names Kim Taylor president, global operations, technology and risk

16 September 2014  |  3656 views  |  0

CME Group has revamped its leadership structure, naming company veteran Kim Taylor president of global operations, technology and risk.


Contactless cards set to further displace cash on London Tube

16 September 2014  |  5455 views  |  3

Commuters using the London tube network can now tap their contactless bank cards on the ticket barriers to pay for their journeys, further displacing cash on the capital's transit system.

Trade execution

Electronic trading in corporate bond market on the up

16 September 2014  |  3142 views  |  0

Electronic trading in the corporate bond market is set to reach 20% in volume by 2016 as buy side investors spread the net in the search for new sources of liquidity, says Greenwich Associates.

Retail banking

ING adds voice controls to mobile app

15 September 2014  |  4811 views  |  2

Holland's ING has become the first bank in Europe to add a voice control mode to its mobile app, enabling customers to issue commands by speaking.

Retail banking

Amex invites applications for financial inclusion innovation lab

15 September 2014  |  4771 views  |  0

American Express is inviting academics and non-profit groups dealing with financial inclusion to submit ideas for commercial testing at a new 'Financial Innovation Lab'.


French bank preps Twitter-based P2P payments service

15 September 2014  |  6783 views  |  7

French banking group Banque Populaire Caisse d'Epargne (BPCE) has teamed up with Twitter to let customers tweet money to each other.

Mobile & online

Weve abandons mobile NFC payments plans

15 September 2014  |  4175 views  |  3

UK mobile commerce joint venture Weve is abandoning plans to launch an NFC payments service because its telco owners failed to agree on an approach, according to the Telegraph.

Retail banking

Monitise revenues rise but losses grow

15 September 2014  |  2878 views  |  0

Monitise has posted a 31% rise in full year revenue but the mobile money firm's Ebitda losses widened as it took a short term hit on a decision to overhaul its business model.

Retail banking

Nigerian bank falls victim to $40 million insider cyber-heist

15 September 2014  |  5044 views  |  3

Nigerian police are on the hunt for an IT staffer at Skye Bank who hacked into the bank's systems and transferred $40 million to a raft of bogus accounts before going on the run.

Virtual currency

Blockstock bitcoin festival gets ready to rock

12 September 2014  |  5547 views  |  0

A ten-day festival promoting the use of bitcoin kicks off with a round of drinks at the Old Shoreditch Station pub in London on Friday evening.


UK earmarks £10k prize for £1 coin design contest

12 September 2014  |  3013 views  |  2

The UK Government is inviting the general public to enter a competition to design the 'tails' side of a new 12-sided £1 coin, which is set to go into circulation in 2017.

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