26 January 2015
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Retail banking

UK silver surfers topping banks online and mobile growth charts

1 hour ago  |  741 views  |  1 comments | 3 tweets | 1 linkedin

UK banks are experiencing faster growth rates for digital services by customers in the 70s and 80s, according to the latest data from the British Bankers Association.

Retail banking

PayPal cuts off Crimea; MasterCard opens up to Cuba

23 January 2015  |  7094 views  |  0 comments | 5 tweets | 2 linkedin

PayPal is cutting off services to customers in Crimea in response to western sanctions related to Russia's annexation of the region last year.

Mobile & online

Financial sector must improve cyber defences - BofE

23 January 2015  |  4822 views  |  0 comments | 13 tweets | 5 linkedin

Britain's banks must do more to protect themselves from cyber attacks, says the Bank of England, following an analysis of the perimeter defences and operational resilience of 36 of the nation's top financial service providers.

Retail banking

Citi and American Express join $21 million Persado funding round

23 January 2015  |  3533 views  |  0 comments | 11 tweets | 1 linkedin

The venture capital arms of Citibank and American Express have joined a $21 million funding round for digital marketing communications company Persado.

Security

Half of US retailers unprepared for EMV migration deadline - survey

23 January 2015  |  6586 views  |  0 comments | 15 tweets | 14 linkedin

With only nine months to go until the US EMV migration deadline, more than half of retailers are not ready for the switch, according to a survey from ACI Worldwide.

Retail banking

MasterCard invites European startups to join Start Path programme

23 January 2015  |  4057 views  |  0 comments | 3 tweets | 1 linkedin

MasterCard is inviting innovative startups from across Europe to apply for the second edition of its Start Path Europe accelerator.

Payments

Gates makes mobile banking bet

22 January 2015  |  8405 views  |  2 comments | 43 tweets | 32 linkedin

By 2030, two billion people who don't have a bank account today will be storing money and making payment with their mobile phones, predicts Bill Gates.

Retail banking

RBS to refer clients to P2P lenders Funding Circle and Assetz Capital

22 January 2015  |  4044 views  |  0 comments | 12 tweets | 7 linkedin

Peer-to-peer lenders Funding Circle and Assetz capital are to be the beneficiaries of a new initiative by RBS to refer small business customers turned down for loans by the bank.

Retail banking

Chaps lowers fees in bid to attract new members

22 January 2015  |  3347 views  |  1 comments | 2 tweets | 5 linkedin

The UK's high value payments system Chaps has slashed 50% off fees for low volume direct participants as it responds to public pressure for fairer access from new market entrants.

Trade execution

NY Attorney General turns up the pressure on Barclays

22 January 2015  |  3540 views  |  0 comments | 2 tweets

New York's Attorney General Eric Schneiderman is ratcheting up the pressure on Barclays Bank as he expands his lawsuit accusing the bank of fraud in the operation of its US dark pool.

Retail banking

Monitise puts itself up for sale; warns on full year revenues

22 January 2015  |  6831 views  |  3 comments | 14 tweets | 11 linkedin

Mobile banking company Monitise has put itself in the shop window, as its stock price deteriorates still further and it warns on full year revenues.

Retail banking

Chase ditches Windows app

22 January 2015  |  3832 views  |  0 comments | 8 tweets | 4 linkedin

US banking giant Chase is pulling its Windows mobile app at the end of the month because of a lack of users, telling customers to access their accounts via their browsers.

Mobile & online

11% of Android banking apps 'suspicious' - RiskIQ

22 January 2015  |  3886 views  |  0 comments | 23 tweets | 13 linkedin

More than 11% of Android banking and finance-related apps contain malware or suspicious binaries, according to research from RiskIQ.

Payments

Cancer Research UK brings contactless donations to shop windows

21 January 2015  |  4265 views  |  1 comments | 9 tweets | 5 linkedin

Cancer Research UK has installed contactless payments technology in shop windows, enabling passersby to tap their cards to make donations.

Retail banking

Kansas City Fed to create 200 IT jobs

21 January 2015  |  1700 views  |  0 comments

The Federal Reserve Bank of Kansas City is hosting an open day for IT professionals as it prepares to embark on a hiring spree that will see it add 200 technology jobs over the next three years.

Cards

Thieves use iPod nano in low-tech ATM skimming fraud

21 January 2015  |  5481 views  |  1 comments | 8 tweets | 10 linkedin

Thieves in Manchester have been recycling redundant iPod nano devices to snap photos of consumers entering their PINs at an ATM machine in a somewhat crude take on traditional skimming fraud.

Mobile & online

Amazon retreats from mobile wallet space

21 January 2015  |  8099 views  |  0 comments | 37 tweets | 31 linkedin

Amazon has pulled the plug on its mobile wallet app following a disappointing six-month trial run.

Payments

Supreme Court declines retailers' interchange challenge

21 January 2015  |  4147 views  |  1 comments | 8 tweets | 8 linkedin

The US Supreme Court has rejected a challenge from retailers to the Federal Reserve's rules on interchange fees.

Security

US credit union regulator coughs up $50k for lost thumb drive

20 January 2015  |  2924 views  |  0 comments | 1 linkedin

America's credit union regulator has agreed to pay up to $50,000 to cover costs associated with a data breach that saw it lose a thumb drive handed over to one of its examiners by Palm Springs Credit Union.

Virtual currency

Financial institutions join record-breaking bitcoin funding round

20 January 2015  |  5340 views  |  0 comments | 14 tweets | 6 linkedin

Three major financial institutions have contributed to a record-breaking $75 million investment round in bitcoin startup Coinbase.

Payments

Regulate bitcoin, but leave the blockchain alone say banking trade bodies

20 January 2015  |  8090 views  |  7 comments | 32 tweets | 29 linkedin

The British Bankers Association and the Payments Council have called for the Government to take a 'light touch' to regulation of the underlying bitcoin blockchain technology, which they say has the potential to fundamentally change the way financial assets are transferred.

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