31 March 2015

Latest News

Payments

Apple Pay users running into checkout problems - survey

45 minutes ago  |  353 views  |  0 comments | 1 linkedin

Apple Pay may be seeing impressive adoption rates but two thirds of people who use the system have run into problems at the checkout, according to a survey from Phoenix Marketing International (PMI).

Retail banking

CBA unveils Albert tablet payment device

6 hours ago  |  1752 views  |  0 comments | 2 tweets | 4 linkedin

Commmonwealth Bank of Australia is making a move into the point-of-sale hardware market, teaming up with German tech firm Wincor Nixdorf and Ideo to launch a seven inch Android based tablet system dubbed Albert.

Security

Snapchat posts sees RBS investment bank head ousted

6 hours ago  |  2687 views  |  0 comments | 7 tweets | 3 linkedin

Rory Cullinan has resigned as head of RBS' investment bank after a series of messages he posted on social media app Snapchat were published in the Sun newspaper in the UK, according to the FT.

Risk & regulation

Canada's D+H agrees $1.25bn Fundtech acquisition

7 hours ago  |  2464 views  |  0 comments | 5 tweets | 18 linkedin

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

Payments

Westpac launches online SME tools

8 hours ago  |  1440 views  |  0 comments | 3 tweets | 4 linkedin

Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.

Mobile & online

MasterCard strengthens Silicon Valley outpost

15 hours ago  |  1980 views  |  0 comments | 3 tweets | 2 linkedin

In an effort to embed itself more firmly within Silicon Valley, MasterCard is relocating its emerging merchants team to its San Carlos Center of Excellence.

Payments

Sydney fintech hub opens

16 hours ago  |  2283 views  |  0 comments | 5 tweets | 3 linkedin

Australian EFTPOS outfit Tyro Payments is opening a fintech hub in Sydney where startups can rent deskspace.

Payments

Ex-federal agents charged with stealing Silk Road-related bitcoins

19 hours ago  |  1851 views  |  0 comments | 5 tweets | 3 linkedin

Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace.

Trade execution

RateSetter gets £20m investment

30 March 2015  |  2553 views  |  0 comments | 12 tweets | 6 linkedin

Peer-to-peer lender RateSetter has secured a £20 million investment from veteran banker Ken Costa, along with Woodford Investment Management and Artemis.

Mobile & online

Santander Innoventures invests $5m in MyCheck

30 March 2015  |  2983 views  |  0 comments | 7 tweets | 7 linkedin

The Israel-based MyCheck is the first major investment to be announced by the Spanish bank's $100 million venture fund.

Retail banking

UK banks' IT spending to increase - CBI/PwC Report

30 March 2015  |  2979 views  |  0 comments | 14 tweets | 8 linkedin

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

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