08 March 2014

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Security

Barclays employee accused of acting as inside man for £1.25m cyber-heist

19 February 2014 | 2449 views | 0

A Barclays employee acted as an inside man for a criminal gang which attached a piece of hardware to a computer at the branch where he worked and used it to steal £1.25 million, a court has heard.

Payments

Barclaycard enters mPOS fray

18 February 2014 | 6329 views | 3

Barclaycard has become the latest entrant into the crowded UK mPOS market, unveiling an app and card reader combo.

Retail banking

Tesco Bank opens seven millionth customer account; current accounts to come in H1

18 February 2014 | 3173 views | 0

UK supermarket chain Tesco is preparing to step up its assault on the UK banking sector with the launch of its first current account product later this year.

Wholesale banking

Barclays takes fintech accelerator to New York

18 February 2014 | 3043 views | 0

Barclays Bank has headed to New York in search of innovative fintech start-ups to join its three-month accelerator programme in London.

Payments

Weve taps Proxama for mobile loyalty service

18 February 2014 | 2074 views | 1

Telco-owned UK mobile commerce joint venture Weve has selected Proxama technology as the basis for its 'Pouch' loyalty service.

Cards

Banco Sabadell picks tech startup programme winners

17 February 2014 | 2689 views | 0

Mobile point-of-sale outfit SetPay is one of five firms to win a spot in Banco Sabadell's startup programme for technology companies.

Retail banking

Cybercrime forums shun bitcoin for own currencies - RSA

17 February 2014 | 2959 views | 1

Cybercrooks unhappy with the level of anonymity offered by bitcoin are developing their own private currencies for use within online forums, say researchers at RSA.

Security

Google buys sound-based online authentication startup SlickLogin

17 February 2014 | 4068 views | 1

Google has acquired SlickLogin, an Israeli startup which is bidding to replace passwords with sounds. Financial terms have not been disclosed.

Payments

Nigerian banks begin biometrics registration project

17 February 2014 | 2837 views | 0

Nigeria's banks have embarked on a massive biometrics project, registering the fingerprints and facial features of customers in a bid to fight fraud and money laundering.

Retail banking

Nous trading game app lets users bet on bitcoin price

14 February 2014 | 3274 views | 0

Startup trading app outfit Nous has added bitcoin to the list of currencies players can bet on through its FX-forecasting game, Spark Profit.

Payments

Jetco taps Gemalto for Hong Kong and Macau NFC m-payments

14 February 2014 | 2013 views | 0

Hong Kong's bank-owned payment outfit Joint Electronic Teller Services Limited (Jetco) has called in Gemalto to help it roll out an NFC mobile payments service.

Security

Bitcoin plunges again after dark market Web hack

14 February 2014 | 3930 views | 7

The price of bitcoin plunged again overnight after the operator of dark market Web site Silk Road 2 claimed to have lost $2.7 million in a scam exploiting a known vulnerability in he crypto-currency.

Payments

New regs could see banks follow JP Morgan out of US pre-paid market - Fitch

14 February 2014 | 4144 views | 1

US banks could follow JP Morgan's lead and get out of the pre-paid card business if proposed new regulatory oversight materialises, leaving the way open for the likes of American Express and Green Dot, predicts Fitch Ratings.

Payments

Retail and financial services groups form cybersecurity partnership

14 February 2014 | 3269 views | 0

In the wake of the Target data breach, a collection of merchant and financial trade associations have joined forces, promising to work to together to tackle cybersecurity threats.

Payments

RBI bids to boost Indian m-banking take-up

13 February 2014 | 2813 views | 2

The Reserve Bank of India has set out its plans to kickstart the country's so far sluggish take-up of mobile banking services.

Mobile & online

Orange Cash launches pre-paid mobile app in France

13 February 2014 | 3242 views | 4

Wireless operator Orange has commercially launched a pre-paid mobile money service in Caen and Strasbourg, two of the cities with the highest use of contactless payments in France.