01 February 2015

Latest News

Cards

PayPal cuts off Crimea; MasterCard opens up to Cuba

23 January 2015  |  9608 views  |  0 comments | 5 tweets | 2 linkedin

PayPal is cutting off services to customers in Crimea in response to western sanctions related to Russia's annexation of the region last year.

Mobile & online

Financial sector must improve cyber defences - BofE

23 January 2015  |  7516 views  |  0 comments | 15 tweets | 6 linkedin

Britain's banks must do more to protect themselves from cyber attacks, says the Bank of England, following an analysis of the perimeter defences and operational resilience of 36 of the nation's top financial service providers.

Retail banking

Citi and American Express join $21 million Persado funding round

23 January 2015  |  4667 views  |  0 comments | 11 tweets | 2 linkedin

The venture capital arms of Citibank and American Express have joined a $21 million funding round for digital marketing communications company Persado.

Cards

Half of US retailers unprepared for EMV migration deadline - survey

23 January 2015  |  8443 views  |  0 comments | 16 tweets | 20 linkedin

With only nine months to go until the US EMV migration deadline, more than half of retailers are not ready for the switch, according to a survey from ACI Worldwide.

Start ups

MasterCard invites European startups to join Start Path programme

23 January 2015  |  4932 views  |  0 comments | 4 tweets | 2 linkedin

MasterCard is inviting innovative startups from across Europe to apply for the second edition of its Start Path Europe accelerator.

Retail banking

Gates makes mobile banking bet

22 January 2015  |  11606 views  |  4 comments | 52 tweets | 40 linkedin

By 2030, two billion people who don't have a bank account today will be storing money and making payment with their mobile phones, predicts Bill Gates.

Payments

RBS to refer clients to P2P lenders Funding Circle and Assetz Capital

22 January 2015  |  4980 views  |  0 comments | 13 tweets | 9 linkedin

Peer-to-peer lenders Funding Circle and Assetz capital are to be the beneficiaries of a new initiative by RBS to refer small business customers turned down for loans by the bank.

Wholesale banking

Chaps lowers fees in bid to attract new members

22 January 2015  |  3907 views  |  1 comments | 2 tweets | 5 linkedin

The UK's high value payments system Chaps has slashed 50% off fees for low volume direct participants as it responds to public pressure for fairer access from new market entrants.

Wholesale banking

NY Attorney General turns up the pressure on Barclays

22 January 2015  |  4112 views  |  0 comments | 2 tweets

New York's Attorney General Eric Schneiderman is ratcheting up the pressure on Barclays Bank as he expands his lawsuit accusing the bank of fraud in the operation of its US dark pool.

Mobile & online

Monitise puts itself up for sale; warns on full year revenues

22 January 2015  |  8060 views  |  4 comments | 15 tweets | 12 linkedin

Mobile banking company Monitise has put itself in the shop window, as its stock price deteriorates still further and it warns on full year revenues.

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