29 May 2015

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US banks bid to crack down on 'card cracking'
Payments

US banks bid to crack down on 'card cracking'

18 May 2015  |  6119 views  |  2 comments | 8 tweets | 10 linkedin

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 shame inept ATM thief
Retail banking

Queensland Police shame inept ATM thief

18 May 2015  |  4258 views  |  0 comments | 3 tweets | 6 linkedin

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.

Researchers build model to predict which delinquent credit card holders will pay up
Payments

Researchers build model to predict which delinquent credit card holders will pay up

15 May 2015  |  5455 views  |  0 comments | 15 tweets | 11 linkedin

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 ditches dot com in favour of proprietary domains
Security

Barclays ditches dot com in favour of proprietary domains

15 May 2015  |  15211 views  |  3 comments | 33 tweets | 9 linkedin

Barclays is to ditch its dot com domains in favour of proprietary URLs ending in .barclays and .barclaycard.

JPMorgan staffer gets six years jail time for ID theft scam
Security

JPMorgan staffer gets six years jail time for ID theft scam

15 May 2015  |  7820 views  |  0 comments | 3 tweets | 3 linkedin

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.

'Social network for credit' Vouch raises $6 million
Payments

'Social network for credit' Vouch raises $6 million

15 May 2015  |  4694 views  |  1 comments | 12 tweets | 10 linkedin

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.

US proximity payments will rise, but slowly says Aite
Payments

US proximity payments will rise, but slowly says Aite

15 May 2015  |  4219 views  |  0 comments | 7 tweets | 7 linkedin

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 taps WhatsApp for P2P mobile payments
Retail banking

India's Axis Bank taps WhatsApp for P2P mobile payments

15 May 2015  |  9028 views  |  0 comments | 18 tweets | 18 linkedin

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.

Wal-Mart partners Alipay for mobile payments in China
Retail banking

Wal-Mart partners Alipay for mobile payments in China

14 May 2015  |  3932 views  |  0 comments | 8 tweets | 6 linkedin

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 launches digital financial education programme
Retail banking

Morgan Stanley Wealth Management launches digital financial education programme

14 May 2015  |  4084 views  |  1 comments | 11 tweets | 3 linkedin

Morgan Stanley Wealth Management has teamed up with education technology outfit EverFi to launch a web-based financial education programme.

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