03 September 2014

Latest transaction banking news

UK FS industry warms to cloud but security concerns remain

10 hours ago  |  1482 views  |  0

Nearly two thirds of UK financial services firms consider cloud computing very or somewhat critical to their enterprise IT strategy but security and regulatory concerns about the technology persist, according to research from Finextra.

IT glitch hits payments processing at Yorkshire Bank

10 hours ago  |  1465 views  |  1

Yorkshire Bank has apologised to customers following a computer breakdown that knocked out its branches and Internet banking services and scuppered overnight payments in and out of accounts.

Alipay and Huawei team on fingerprint-based mobile payments

13 hours ago  |  1998 views  |  0

China's Alipay has teamed up with handset maker Huawei to develop a system which lets people make mobile payments with their fingerprints.

Australia's eftpos takes on PayPal with online payments system

14 hours ago  |  1770 views  |  0

Australian point-of-sale payments provider eftpos is moving online, testing a new system for web-purchases at supermarket chain Coles.

YouTube taps Google Wallet for fan funding feature

14 hours ago  |  1684 views  |  0

YouTube has introduced a feature which enables viewers to make donations to their favourite content creators through Google Wallet.

BBVA mobile payments app racks up 250,000 Spanish downloads

01 September 2014  |  4037 views  |  1

Having proved itself a hit in Spain, the BBVA HCE-based mobile payments app is set to be launched in the US, Mexico and Chile by the end of the year.

UK to press for Russian expulsion from Swift

01 September 2014  |  4362 views  |  0

The British government is urging EU nations to expel Russian banks from the Swift financial messaging network, as tensions grow over the escalating crisis in Ukraine.

Amazon hires Visa's Talwar to lead lending business

29 August 2014  |  3804 views  |  0

Amazon has hired Visa's North America credit card head Nick Talwar to run its business providing capital to sellers on its marketplace.

Sberbank throws in free cat with every mortgage

29 August 2014  |  3987 views  |  0

Russia's Sberbank has come up with the purrfect gimmick to entice customers - the loan of a free cat with every mortgage.

Citi boss Corbat meets Ice Bucket Challenge but Icahn ducks out

29 August 2014  |  3304 views  |  0

Citi CEO Mike Corbat has become the latest Wall Street heavyweight to prove that bankers do have hearts, and marketing savvy, by taking the ALS Ice Bucket Challenge.

Digital payments crucial to economic growth - World Bank report

28 August 2014  |  7937 views  |  0

Governments should step up efforts to boost the use of digital payments in developing countries to increase financial inclusion, empower women and spur economic growth, according to a World Bank report.

Ex-Deutsche Bank exec launches trading game app

28 August 2014  |  4721 views  |  1

A social network app for finance that uses gamification to crowdsource market sentiment data has been launched by former Deutsche Bank executive Kerim Derhalli.

Lending Club preps $500m IPO

28 August 2014  |  2116 views  |  0

Peer-to-peer loan specialist Lending Club has filed with US regulators for an initial public offering in which it hopes to raise $500 million.

FBI probes Russian link to cyber-attacks on US banks

28 August 2014  |  3683 views  |  0

The FBI is investigating cyber-attacks on US banks, including JP Morgan Chase, by Russian hackers, according to press reports.

Monitise transfers hundreds of UK employees to IBM

27 August 2014  |  5251 views  |  2

Mobile money firm Monitise is transferring its UK professional services staff to IBM as the two firms ramp up their alliance.

CaixaBank invests EUR500m in contactless ATMs

27 August 2014  |  7083 views  |  0

Spain's CaixaBank has struck a EUR500 million deal with Fujitsu to build 8500 cash machines fitted with contactless readers.

Square upgrades Cash app for text-based P2P payments; reportedly in talks to raise $200m

27 August 2014  |  3295 views  |  0

Square has revamped its Cash P2P payments app, enabling users to send and receive money via text. Meanwhile, reports suggest that Jack Dorsey's firm is in the process of raising some cash itself, talking to potential investors about a $200 million funding round.

China's ICBC chooses IBM for disaster recovery

27 August 2014  |  3247 views  |  1

Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.

Westpac NZ licenses Moven money management tech

26 August 2014  |  4295 views  |  3

Westpac New Zealand is integrating money management technology from New York-based Moven into its new digital banking platform.

Santander commissions study on bitcoin's impact on banks

26 August 2014  |  5771 views  |  1

The bitcoin-curious - both enthusiasts and sceptics - are being invited to help put together a report for Santander on the impact that cryptocurrencies will have on banks.

Banks and retailers sign on for new Australian Payments Council

26 August 2014  |  5330 views  |  1

Australian banks, retailers and payments specialists have signed on to a new co-ordination body that aims to step up the pace of innovation in the country's payments industry.

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