04 March 2015

Latest News

Cards

MasterCard to spend heavily on biometrics and cyber protection

13 February 2015  |  10174 views  |  0 comments | 27 tweets | 23 linkedin

MasterCard says it will invest an additional $20 million in cyber-security measures this year, including biometric protection for mobile apps, and early warning alerts on potential threat vectors.

Retail banking

Comedians go contactless for Red Nose Day

13 February 2015  |  5611 views  |  1 comments | 8 tweets | 5 linkedin

Brits will be able to make a donation to Comic Relief this year by tapping their contactless cards against statues of some of the country's best know comedians.

Cards

Visa launches mobile location service to cut declined card payments

13 February 2015  |  11038 views  |  8 comments | 27 tweets | 34 linkedin

In an effort to cut unnecessary purchase declines, Visa is set to start identifying cardholders when they make purchases on their travels through mobile phone geo-location data.

Risk & regulation

Québec regulator tells bitcoin firms to apply for licenses

12 February 2015  |  4594 views  |  0 comments | 9 tweets | 8 linkedin

Firms operating bitcoin ATMs and trading platforms in Québec have been told that they must obtain a license from the Canadian province's Autorité des marchés financiers (AMF).

Mobile & online

CommBank buys South African tech outfit Tyme

12 February 2015  |  4128 views  |  0 comments | 9 tweets | 4 linkedin

Commonwealth Bank of Australia is on the prowl for tech acquisitions after paying A$40 million for South African digital banking outfit Take Your Money Everywhere (Tyme).

Payments

Rabobank rolls out mobile wallet

12 February 2015  |  8022 views  |  9 comments | 16 tweets | 17 linkedin

Rabobank has rolled out a mobile wallet on the embedded Secure Element of Samsung Galaxy S4 and Samsung Note 3 phones.

Retail banking

More than one billion records compromised by data breaches in 2014

12 February 2015  |  5655 views  |  0 comments | 19 tweets | 20 linkedin

Data breaches increased 49% in 2014 to one billion data records compromised, with cybercriminals targeting identity theft as a top breach category, according to research by Gemalto.

Wholesale banking

London tech sector attracts record US investment

11 February 2015  |  5846 views  |  0 comments | 20 tweets | 11 linkedin

London tech firms attracted nearly $800 million from US investors last year, with the fintech sector at the fore, according to figures compiled for the city's mayor, Boris Johnson.

Security

Finovate Europe 2015 - Day 2 Roundup

11 February 2015  |  6252 views  |  0 comments | 15 tweets | 7 linkedin

The second and final day of Finovate Europe saw 32 startups take the stage to try and impress a packed crowd of fintech VCs, journalists, bankers and experts. PFM, mobile payments and wealth management all made an appearance, often to a critical audience - while other firms attempted to push the boundaries of fintech, causing a huge buzz within Old Billingsgate and on social media.

Retail banking

Lloyds to accept electronic photo ID docs for online account opening

11 February 2015  |  8232 views  |  7 comments | 24 tweets | 14 linkedin

Lloyds Banking Group is introducing a new service for customers to upload photos of identification documents for online account opening without the need to visit a bank branch.

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