18 December 2014

Latest News

Retail banking

Royal Bank of Canada adds HCE to mobile app

5 hours ago  |  2055 views  |  0

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

Retail banking

International vendors on alert as US banks rethink core platform strategies

8 hours ago  |  1273 views  |  0

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

Retail banking

EU agrees interchange reforms

10 hours ago  |  3110 views  |  7

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.

Mobile & online

Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  5007 views  |  1

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

Cards

Toronto subway gets card payment option

17 December 2014  |  2157 views  |  0

From next month, Toronto's commuters will finally be able to pay for subway journeys with their debit and credit cards, although contactless payments on the city's antiquated public transport network are still some way off.

Payments

MBNA to be first UK card issuer to deploy MasterCard digital wallet

17 December 2014  |  8298 views  |  0

MBNA is to be the UK’s first card issuer to offer a MasterPass powered digital wallet to its customers for online shopping.

Mobile & online

Barclaycard to trial contactless gloves

16 December 2014  |  6308 views  |  2

Barclaycard has taken an innovative approach to the wearable payments market with the trial of 'tap and pay' woollen gloves that allow people to pay contactlessly for their Christmas shopping.

Start ups

Canadians get bitcoin option for credit card payments

16 December 2014  |  4850 views  |  0

Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.

Virtual currency

Bitcoin margin trading platform launched in Vietnam

16 December 2014  |  3632 views  |  0

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

Trade execution

Euronext launches app for retail investors

16 December 2014  |  1959 views  |  0

Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext's cash markets and other equity exchanges.

Cards

Himalayan Bank enhances card issuing

16 December 2014  |  1529 views  |  0

Himalayan Bank, a private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to improve issuance across its entire debit and credit card portfolio.

Retail banking

AmEx uses Serve platform for consumer savings research

16 December 2014  |  2370 views  |  0

American Express is tapping into its Serve software platform for a research pilot into the savings behaviour of customers.

Payments

Researchers tap quantum physics for fraud-proof credit cards

16 December 2014  |  4382 views  |  2

Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.

Cards

Banks far outstrip tech pretenders for consumer trust

16 December 2014  |  3186 views  |  1

Consumers trust banks far more than they do companies like Google, Apple and Amazon to protect their card details and personal financial information, according to research by Bizrate Insights.

Retail banking

Kuwait's Boubyan Bank enlists NCR video tech for mini-branch concept

15 December 2014  |  1669 views  |  0

Boubyan Bank has opened a mini-branch at Kuwait International Airport that uses NCR video technology to let customers talk to remote tellers.

Retail banking

Tech chief of cybercrime bank gets five year prison sentence

15 December 2014  |  2933 views  |  0

The former chief technology officer of Liberty Reserve has been sentenced to five years in prison for conspiring to operate an unlicensed money transmitting business - billed as the bank of choice for the cyber underground - that processed more than $16 billion in digital currency transactions.

Risk & regulation

DTCC/Swift top LEI rankings; overall industry coverage remains spotty

15 December 2014  |  4140 views  |  0

The DTCC and Swift have trumped 13 other Legal Entity Identifier (LEI) registration authorities in Q3 2014 rankings compiled by Tabb Group and Alacra for data consistency and uniformity.

Retail banking

Lloyds to pilot mobile cheque deposits with business customers

12 December 2014  |  8874 views  |  1

Lloyds Bank is to begin testing mobile cheque deposits with a select group of commercial customers.

Mobile & online

Payfone and US banks partner for mobile authentication

12 December 2014  |  4878 views  |  1

Mobile authentication startup Payfone is working with US financial institutions to introduce technology that utilises the same security standards applied by wireless operators to identify their customers as they log-in to m-banking apps.

Retail banking

AmEx creates Silicon Valley tech hub

12 December 2014  |  7079 views  |  1

American Express is opening a technology hub in Silicon Valley that will house a team building up the card giant's capabilities in big data, cloud computing and mobile.

Payments

Cheque usage declines sharply, but popularity remains intact

12 December 2014  |  4540 views  |  6

New technologies come and go, but the paper cheque remains a popular staple for UK consumers and businesses, according to new figures from the Cheque and Credit Clearing Company.

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