01 September 2015

Latest News

UK boosts contactless limit to £30
Cards

UK boosts contactless limit to £30

7 hours ago  |  1530 views  |  1 comments | 3 tweets | 2 linkedin

As the contactless payments limit in Britain rises from £20 to £30, new figures from the UK Cards Association show that more than £2.5 billion was spent via tap and go in the first half of 2015.

Barclays to tap Bitcoin for charity donations
Payments

Barclays to tap Bitcoin for charity donations

18 hours ago  |  2602 views  |  0 comments | 4 tweets | 5 linkedin

Barclays is preparing a Bitcoin pilot that will enable people to make donations to charities in the cryptocurrency, according to the Sunday Times.

Third of Brits expect day-to-day mobile payments within five years
Retail banking

Third of Brits expect day-to-day mobile payments within five years

31 August 2015  |  5552 views  |  0 comments | 27 tweets | 11 linkedin

With contactless cards and mobile payments growing in popularity, a quarter of Brits think that in just five years' time they will no longer need cash, according to a survey for Lloyds Bank.

Payments UK sets out vision for 'world class' services
Mobile & online

Payments UK sets out vision for 'world class' services

28 August 2015  |  5611 views  |  0 comments | 15 tweets | 9 linkedin

Trade association Payments UK has vowed to improve access to payments infrastructure and give customers more control over transactions as part of a drive to ensure Britain has a "world class" system.

Swedish mPOS firm iZettle raises EUR60m for move into small business lending
Cards

Swedish mPOS firm iZettle raises EUR60m for move into small business lending

28 August 2015  |  4866 views  |  0 comments | 11 tweets | 7 linkedin

Swedish mPOS vendor iZettle has raised EUR60 million in a Series D funding round to help it launch a cash advance service for its small business customers.

HSBC glitch leaves thousands of customers without salaries
Retail banking

HSBC glitch leaves thousands of customers without salaries

28 August 2015  |  5499 views  |  1 comments | 12 tweets | 6 linkedin

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

SunGard apologises for BNY Mellon system glitch
Wholesale banking

SunGard apologises for BNY Mellon system glitch

28 August 2015  |  3938 views  |  0 comments | 4 tweets | 2 linkedin

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

HSBC closes 'branch for the rich'
Retail banking

HSBC closes 'branch for the rich'

28 August 2015  |  4910 views  |  1 comments | 12 tweets | 6 linkedin

Rich people use the internet, too. HSBC is blaming the rise in online banking for its decision to shut down a branch in Poole that caters only to wealthy customers.

Goldman Sachs embarks on Warsaw tech hiring spree
Wholesale banking

Goldman Sachs embarks on Warsaw tech hiring spree

27 August 2015  |  3326 views  |  0 comments | 4 tweets | 1 linkedin

Goldman Sachs is preparing to add hundreds of new employees to its technology and operations base in Warsaw, Poland.

Dark pool lawsuit against Barclays dismissed by US judge
Risk & regulation

Dark pool lawsuit against Barclays dismissed by US judge

27 August 2015  |  3060 views  |  0 comments | 4 tweets

A US district court judge has thrown out a lawsuit brought against Barclays and a number of US exchanges that accused the bank of rigging its dark pool in favour of high frequency traders (HFTs).

SunGard system glitch causes havoc for BNY Mellon and US funds market
Trade execution

SunGard system glitch causes havoc for BNY Mellon and US funds market

27 August 2015  |  6909 views  |  0 comments | 14 tweets | 12 linkedin

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

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