The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.
After closing a $50 million funding round, Reddit could create its own cryptocurrency as a way of handing over shares in the platform to its massive user-base.
Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.
Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.
General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.
Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.
EBay is to spin off Paypal into a publicly traded company in 2015 and has appointed American Express executive Dan Schulman as president and CEO of the payments business in anticipation of the move.
Non-cash payments volumes are expected to increase by nearly 10% percent to reach 366 billion transactions in 2013, fueled by strong growth in developing markets and mobile payments, according to the 10th annual World Payments Report from Capgemini and Royal Bank of Scotland (RBS).
Financial services firms will be able to use '.bank' domains from next year after a collection of industry organisations struck a deal with Icann.
Germany's central bank is working with EBA Clearing to build a new XML-based infrastructure for clearing debit card transactions for the country's financial institutions.
Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.
Several banks in Hong Kong, including Standard Chartered, have shut down branches and ATMs and advised customers to use online and mobile services, as tensions between pro-democracy demonstrators and police on the island grow.
NatWest and RBS are to open a network of eight new business accelerator hubs offering free workspace, hands on mentoring, a start up 'bootcamp' and a free programme of up to 18-months of advice, support and funding clinics for budding entrepreneurs.
Turkey's Isbank has enabled Apple's TouchID fingerprint log-in for mobile banking on the iPhone.
Vista Equity Partners is seeking buyers for core banking supplier Misys after agreeing a $4.3 billion deal to acquire business process software firm Tibco.
Some 324 restaurants across the United States have had card data swiped following a breach at POS manufacturer Signature Systems.
New Zealands ASB Bank is to release a public-facing API framework and portal to share access to real-time banking data with third party developers.
Already working with Twitter, startup Stripe has been named as the payments power behind Facebook's new 'buy' button.
Bitcoin values may be languishing at the $400 mark, but financial services interest in the crypto-currency shows no signs of abating, with two of the biggest shows in the banking calendar - Sibos and Money20/20 - devoting significant airtime to the technology.
US-based risk analytics outfit Context Relevant has completed $13.5 million in Series B-1 funding and signed strategic partnerships with Bank of America Merrill Lynch and Goldman Sachs.
Supply chain finance outfit Taulia has scored another $13 million in series d funding from BBVA Ventures and Singapore's Economic Development Board.
© Finextra Research 2014