20 September 2014

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Retail banking

Digital payments crucial to economic growth - World Bank report

28 August 2014  |  9808 views  |  0

Governments should step up efforts to boost the use of digital payments in developing countries to increase financial inclusion, empower women and spur economic growth, according to a World Bank report.

Mobile & online

Ex-Deutsche Bank exec launches trading game app

28 August 2014  |  5943 views  |  1

A social network app for finance that uses gamification to crowdsource market sentiment data has been launched by former Deutsche Bank executive Kerim Derhalli.

Retail banking

Lending Club preps $500m IPO

28 August 2014  |  2475 views  |  0

Peer-to-peer loan specialist Lending Club has filed with US regulators for an initial public offering in which it hopes to raise $500 million.

Wholesale banking

FBI probes Russian link to cyber-attacks on US banks

28 August 2014  |  4281 views  |  0

The FBI is investigating cyber-attacks on US banks, including JP Morgan Chase, by Russian hackers, according to press reports.

Retail banking

Monitise transfers hundreds of UK employees to IBM

27 August 2014  |  6166 views  |  2

Mobile money firm Monitise is transferring its UK professional services staff to IBM as the two firms ramp up their alliance.

Cards

CaixaBank invests EUR500m in contactless ATMs

27 August 2014  |  8500 views  |  0

Spain's CaixaBank has struck a EUR500 million deal with Fujitsu to build 8500 cash machines fitted with contactless readers.

Payments

Square upgrades Cash app for text-based P2P payments; reportedly in talks to raise $200m

27 August 2014  |  3869 views  |  0

Square has revamped its Cash P2P payments app, enabling users to send and receive money via text. Meanwhile, reports suggest that Jack Dorsey's firm is in the process of raising some cash itself, talking to potential investors about a $200 million funding round.

Retail banking

China's ICBC chooses IBM for disaster recovery

27 August 2014  |  3725 views  |  1

Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.

Retail banking

Westpac NZ licenses Moven money management tech

26 August 2014  |  4887 views  |  3

Westpac New Zealand is integrating money management technology from New York-based Moven into its new digital banking platform.

Payments

Santander commissions study on bitcoin's impact on banks

26 August 2014  |  6401 views  |  1

The bitcoin-curious - both enthusiasts and sceptics - are being invited to help put together a report for Santander on the impact that cryptocurrencies will have on banks.

Retail banking

Banks and retailers sign on for new Australian Payments Council

26 August 2014  |  6294 views  |  1

Australian banks, retailers and payments specialists have signed on to a new co-ordination body that aims to step up the pace of innovation in the country's payments industry.

Retail banking

Americans embrace mobile banking but the branch makes comeback

26 August 2014  |  6035 views  |  8

The Internet continues to be America's most popular banking channel but is losing ground to mobile, ATMs and even branches, according to an ABA survey.

Mobile & online

EBay ponders PayPal spin-off - report

22 August 2014  |  6861 views  |  0

Shares in eBay rose nearly five per cent yesterday afternoon off the back of a media report that the online auction house could spin off its PayPal unit as early as next year.

Mobile & online

St George preps fingerprint login for iPhone app

22 August 2014  |  5768 views  |  1

Australia's St George Bank will soon let iPhone-owning mobile customers log into their accounts with only a fingerprint.

Retail banking

ATM spy camera fraudsters jailed

22 August 2014  |  4445 views  |  1

Members of a gang which used ATM spy cameras and skimmers to steal the card details of 36,000 people across the UK have been jailed.

Payments

Cash is a pain in the ass: Blackpool donkey goes contactless

22 August 2014  |  7824 views  |  0

Blackpool's famous donkeys have made London's tube network look like an ass by beating it to the contactless payments punch.

Retail banking

ECB fingers systemically important payment systems for oversight

21 August 2014  |  7339 views  |  0

The European Central Bank has named four key payment systems - Target2, Euro1, Step2-T and Core(Fr) - as "systemically important", and so subject to new regulations.

Cards

Google's Aussie chief rejects Wallet for 'more exciting' things

21 August 2014  |  5804 views  |  4

Google Wallet is not coming to Australia anytime soon, with the company's boss in the country declaring she has "more exciting" things to concentrate on.

Wholesale banking

RBS settles loan software copyright suit

21 August 2014  |  2919 views  |  0

The Royal Bank of Scotland has reached a settlement that lets it use critical trade finance software from vendor Complex Systems that a US judge had banned it from over copyright infringement.

Cards

UPS becomes latest data breach victim

21 August 2014  |  10221 views  |  1

Package delivery giant UPS has become the latest company to admit that customer payment card details may be at risk after it discovered malware at 51 of its US stores.

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