23 September 2014

Latest post-trade & ops news

Citi launches Mobile Challenge

10 hours ago  |  2023 views  |  0

Citi is running a competition to encourage individual developers, teams and companies from around the world to create innovative mobile banking and payments applications.

Sun Life Financial sees positive returns from gamification programme

12 hours ago  |  1237 views  |  0

Canada's Sun Life Financial is hailing the success of an online gamification programme in motivating participants to increase their investments in workplace retirement savings plans.

London gets new startup fund

15 hours ago  |  1638 views  |  0

A new venture capital fund focusing on early-stage businesses in need of Series A financing has launched in London, reinforcing the UK capital's status as a magnet for tech startups.

Banks warned on IT risks

16 hours ago  |  2971 views  |  0

EU supervisory authorities are warning banks to reinforce IT controls and audits on third-party technology providers and to ringfence budgets related to operational risk.

Chase mobilises food trucks to feed the Apple fanboi lines

19 September 2014  |  4931 views  |  1

Chase has hired a fleet of food trucks to provide sustenance to Apple fanbois waiting in line for the new new iPhone 6 and 6 Plus models.

Home Depot says 56 million payment cards compromised in breach

19 September 2014  |  4645 views  |  9

US retail chain Home Depot says that 56 million payment cards are at risk following a malware-laden cyber-attack on eftpos tills across its stores in the US and Canada.

Swift baulks at EU resolution on Russian expulsion

19 September 2014  |  5123 views  |  0

Swift has given a strongly worded response to a European Parliament resolution calling on the EU to consider expelling Russia from the financial messaging network.

Finextra expands into North America

19 September 2014  |  7516 views  |  0

Just as fintech steps from the shadows into the mainstream, Finextra is establishing a local North American editorial presence.

London event challenges fintech-types to launch a startup in a weekend

19 September 2014  |  3325 views  |  1

Fintech developers, designers and entrepreneurs are being invited to gather in London next month for a 54-hour hackathon that could see them win help from industry heavyweights to develop their ideas.

Rabobank introduces QR code-based online banking authentication

19 September 2014  |  5869 views  |  1

Rabobank is tapping Vasco Data Security technology for a new security system that authenticates online customers through high definition QR codes.

Mahindra Comviva and First Data prep Indian mPOS rollout

18 September 2014  |  2896 views  |  1

India's Mahindra Comviva is partnering up with First Data to push its mPOS technology to the country's huge merchant community.

Earthport eyes Asian opportunity on £26.6 million placing

18 September 2014  |  2840 views  |  2

Cross-border payments network Earthport has raised £26.6 million through the placing of 65 million shares with a mix of new and existing institutional investors.

Hong Kong signs for Swift RTGS backup system

18 September 2014  |  2063 views  |  1

Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.

Monitise shares plunge as Visa ponders stake sell-off

18 September 2014  |  3511 views  |  0

Shares in Monitise plummeted more than 25% in morning trading on news that Visa is "considering its options" on its 5.5% stake in the mobile money firm.

BNP Paribas Fortis and SIX Payment Services target Belgian merchants

18 September 2014  |  2878 views  |  1

BNP Paribas Fortis and SIX Payment Services are promising to bust the Bancontact/Mister Cash monopoly in Belgium by launching their own one-stop payments shop for merchants, covering everything from terminals to acquiring services.

MasterCard envisions biometric future

18 September 2014  |  6523 views  |  0

MasterCard is claiming a 98% success rate for pilot trials of a biometric verification system combining both voice and facial recognition.

Westpac launches innovation challenge

18 September 2014  |  2263 views  |  0

Westpac has teamed up with venture technology accelerator BlueChilli to challenge Australia's startups to develop ways to help the bank's business customers.

Simple adds support for TouchID and Android Wear

18 September 2014  |  2751 views  |  0

US neo-bank Simple has added support for Apple's TouchID and Android-powered wearable devices, as it bids to reclaim its credentials as an innovator in financial services following complaints from customers about buggy software issues on its platform.

Gates Foundation launches challenge to boost mobile money acceptance

18 September 2014  |  4190 views  |  0

The Bill & Melinda Gates Foundation is aiming to accelerate the adoption of digital payments in the developing world by offering grants to firms that make it easy for small merchants to accept mobile money.

Orange Money ties up with Bank of Africa for mobile banking

17 September 2014  |  2672 views  |  0

Wireless operator Orange has integrated its mobile Money platform with the Bank of Africa, enabling users to perform basic banking transactions with their handsets.

European card issuers the losers as global payments revenues show upward trend

17 September 2014  |  5297 views  |  1

European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.

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