25 May 2015

Latest transaction banking news

MasterCard's $19m Target settlement falls through

MasterCard's $19m Target settlement falls through

22 May 2015  |  2956 views  |  0 comments | 5 tweets | 1 linkedin

MasterCard's $19 million settlement with Target over the retailer's data breach has collapsed in the face of opposition from banks.

Bigger banks may have to set up their own 'challengers' to take on new entrants

Bigger banks may have to set up their own 'challengers' to take on new entrants

22 May 2015  |  4655 views  |  6 comments | 34 tweets | 28 linkedin

The UK's established high street banks may have to set up greenfield operations free of legacy tech to take on the better-performing small challenger banks nipping at their heels, according to a report from KPMG.

Future Money Nordics welcomes US Ambassador Oreck as keynote speaker

Future Money Nordics welcomes US Ambassador Oreck as keynote speaker

22 May 2015  |  2880 views  |  0 comments | 3 tweets | 1 linkedin

Bruce Oreck, the US Ambassador to Finland, is to be the keynote speaker at Finextra's up-and-coming Future Money Nordics event in Helsinki.

JPMorgan Chase puts data to use with new think tank

JPMorgan Chase puts data to use with new think tank

22 May 2015  |  3820 views  |  0 comments | 12 tweets | 5 linkedin

JPMorgan Chase has launched a think tank that promises to deliver data-rich analysis that addresses big global economic challenges for the "public good".

Online scammers target lonely hearts and bitcoin fans

Online scammers target lonely hearts and bitcoin fans

21 May 2015  |  3082 views  |  0 comments | 7 tweets | 1 linkedin

Cybercrooks are increasingly targeting lonely hearts and cryptocurrency enthusiasts, scamming them out of their savings, according to the FBI.

UK opts out of European online payments security guidelines

UK opts out of European online payments security guidelines

21 May 2015  |  6474 views  |  0 comments | 21 tweets | 15 linkedin

The UK is one of just three countries that has declined to sign up to new European guidelines designed to make online payments more secure.

Square opens Australian operation

Square opens Australian operation

21 May 2015  |  3216 views  |  0 comments | 4 tweets | 6 linkedin

Mobile payments company Square is to open its fourth global hub in Melbourne, Australia, to drive sales of its Register tablet POS.

Postbank trials HCE mobile payments

Postbank trials HCE mobile payments

21 May 2015  |  4038 views  |  0 comments | 9 tweets | 8 linkedin

Germany's Postbank is to run an internal pilot of an NFC mobile payments app operating in a Host Card Emulation environment.

Cash overtaken by non-cash payments in the UK

Cash overtaken by non-cash payments in the UK

21 May 2015  |  7173 views  |  5 comments | 48 tweets | 31 linkedin

For the first time, last year more payments in the UK were made electronically than with cash, according to figures from the Payments Council.

Man cross-stitches debit card to protest replacement delay

Man cross-stitches debit card to protest replacement delay

21 May 2015  |  3971 views  |  2 comments | 12 tweets | 8 linkedin

A Santander customer made to wait more than two weeks for a replacement debit card has expressed his displeasure by cross-stitching his own replica and sending it to the bank.

WePay raises $40m

WePay raises $40m

20 May 2015  |  2307 views  |  0 comments | 5 tweets | 3 linkedin

E-commerce payment processor WePay has raised $40 million in a Series D funding round led by FTV Capital and joined by Japan's Rakuten.

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