US banks and law enforcement agencies are calling on consumers to be alert to an emerging scam, dubbed 'card cracking, which has so far cost the industry $11.6 million in stolen funds.
Queensland Police have shamed a would-be bank robber by posting a comical video of a bungled ATM theft from a petrol station in Townsville.
University researchers say that they have found a way to predict which delinquent credit card accounts will repay outstanding balances that is up to 50% more accurate than the scoring systems currently used by banks.
Barclays is to ditch its dot com domains in favour of proprietary URLs ending in .barclays and .barclaycard.
A JPMorgan teller who was part of an ID theft ring that stole $850,000 from bank customers has been sentenced to six years in prison.
Vouch, a US-based startup that advances credit to customers on the basis of their social connections, has raised $6 million in Series A funding.
The US retail m-commerce sector will be worth $536.5bn by 2020, from a base of $112.5bn in 2015, Aite Group is predicting in its new report entitled 'Mobile Proximity Payments: A Disruption in the Force'. It is predicting the specific mobile proximity segment will lag behind, however, reaching $487bn by 2020 from just $7.5bn now.
India's Axis Bank has launched a mobile payments service that lets users send money to each other through WhatsApp, Facebook, Twitter, email and phone contact lists.
American retail behemoth Wal-Mart is working with Chinese web firm Alibaba to enable shoppers at its stores in Shenzhen pay with their mobile phones.
Morgan Stanley Wealth Management has teamed up with education technology outfit EverFi to launch a web-based financial education programme.
© Finextra Research 2015