25 April 2014

Latest News

Payments

Xapo launches bitcoin debit card

8 hours ago  |  997 views  |  0

Bitcoin startup Xapo has unveiled plans for a debit card that lets users pay with the crypto-currency wherever MasterCard is accepted.

Retail banking

IT glitch sees Ulster Bank customers debited twice

17 hours ago  |  1108 views  |  0

Ulster Bank has apologised to customers after its latest computer glitch saw some accounts debited twice for ATM withdrawals.

Wholesale banking

Instinet names Tony Necakov CTO

18 hours ago  |  858 views  |  0

Electronic trading and brokerage giant Instinet has hired Bank of America Merrill Lynch's Tony Necakov as chief technology officer.

Retail banking

POS startup ShopKeep raises $25m

19 hours ago  |  1406 views  |  0

New York-based point-of-sale startup ShopKeep has raised $25 million in a funding round led by Thayer Street Partners.

Security

Lloyds employees stand trial over alleged £2m cyber-fraud

20 hours ago  |  1403 views  |  0

Three Lloyds Bank employees installed devices on colleagues' computers to gain remote access to systems and steal more than £2 million, the Old Bailey has heard.

Trade execution

HFT is harmful, say US market participants

22 hours ago  |  1097 views  |  0

More than two thirds of US financial industry participants think that the equity markets are not fair and half consider high-frequency trading harmful, according to a survey from ConvergEx Group.

Wholesale banking

US exchange rows back on commitment to help regulate bitcoin trading platform

23 hours ago  |  934 views  |  0

The National Stock Exchange (NSX) has moved to play down its relationship with Atlas ATS, insisting that it has not agreed to regulate the bitcoin trading platform.

Wholesale banking

DTCC throws weight behind US move to T+2

23 April 2014  |  1473 views  |  0

The Depository Trust and Clearing Corporation (DTCC) is stepping up its efforts to shift the US capital markets industry to a T+2 settlement life-cycle.

Retail banking

Lack of awareness stalling m-banking take-up

23 April 2014  |  2095 views  |  0

A lack of customer awareness could be hindering uptake of mobile banking services around the world, a new survey from BuzzCity suggests.

Payments

PayPal boss Marcus softens stance on NFC but insists BLE will win out

23 April 2014  |  3812 views  |  4

PayPal chief David Marcus says that the rise of host card emulation has forced him to reevaluate his long-held scepticism about mobile NFC payments, but he still feels bluetooth low energy will be the technology the revolutionises the way we pay.

Wholesale banking

ICE buys Algo Technologies for Nyse overhaul - Bloomberg

23 April 2014  |  2284 views  |  0

IntercontinentalExchange has acquired Algo Technologies and will use the vendor's matching engine to boost the performance of the New York Stock Exchange, according to Bloomberg.

Retail banking

FNB faces Twitter backlash after joke bombs

22 April 2014  |  2111 views  |  0

First National Bank's Twitter guy has spent the day issuing grovelling apologies after a bomb-related joke blew up in his face.

Payments

TfL and mobile operators to test NFC payments

22 April 2014  |  3166 views  |  1

Transport for London is reportedly in negotiations with mobile operators ahead of a pilot which will see commuters pay for journeys through their NFC-enabled handsets.

Retail banking

Domino's integrates Google wallet into pizza ordering app

22 April 2014  |  1982 views  |  0

Peckish Americans now have a new tool at the disposal in the quest for pizza after Domino's integrated Google Wallet into its Android ordering app.

Wholesale banking

Watchdog criticises SEC cybersecurity

22 April 2014  |  1650 views  |  0

The Securities and Exchange Commission has been criticised by a US congressional watchdog over cybersecurity weaknesses, including the failure to authenticate users and encrypt sensitive data.

Cards

Square denies it discussed sale to Google

22 April 2014  |  2671 views  |  1

Speculation about the future of Square is growing after the mobile payments startup was forced to pour cold water on a Wall Street Journal report claiming that, facing growing losses and a shrinking cash pile, it has been in talks about a possible sale to Google.

Payments

Walmart launches money transfer service

17 April 2014  |  5338 views  |  2

Walmart is taking on Western Union and MoneyGram through the launch of a low-fee store-to-store money transfer service.

Payments

Brits wary of crypto-currency; Nakomoto outed?; bitcoin goes to pot

17 April 2014  |  3322 views  |  0

Despite the hype, the vast majority of Brits have no interest in using bitcoin to shop online, with a lack of trust cited as the main barrier to uptake.

Mobile & online

Qapital takes PFM to the next phase with proprietary account integration

17 April 2014  |  2639 views  |  0

Swedish financial management start-up Qapital is preparing to launch in the US with a service that enables users to track their spending, set savings goals, and transfer cash to a savings account held by an FDIC-insured banking partner.

Retail banking

Chinese Web giant Baidu launches mobile wallet

17 April 2014  |  3043 views  |  0

Search engine provider Baidu has become the latest Chinese Web firm to move into the mobile money arena, launching a payments and wealth management wallet.

Payments

MasterCard to buy Oz loyalty specialist Pinpoint

17 April 2014  |  2600 views  |  0

MasterCard has struck a deal to buy PinPoint, a provider of loyalty and rewards service to banks and merchants in Asia Pacific. Financial terms were not disclosed.

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