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News/Innovation
Banks, credit card companies and online payment firms are overtaking mobile operators and telco consortia as the predicted future leaders of the m-commerce revolution, according to research from SAP.
13 March 2013
A shared mobile money network, built on Visa's Fundamo technology, that can be tapped by banks and telcos is preparing to launch in Pakistan.
Having seen its value soar in recent weeks, digital currency bitcoin plummeted today after a technical glitch sparked a sell off and exchange MT. Gox suspended deposits.
12 March 2013
PayPal has launched a mobile software development kit for streamlining in-app payments for iOS as it bids to play catch-up with a host of developer friendly start-ups such as Dwolla and Stripe.
11 March 2013
PKO Bank Polski is betting on the death of cash and cards with a new mobile banking app, combining a full range of payments and money management services.
08 March 2013
In a bid to co-opt retailers to their mission to kill cash, a group of Dutch banks and MasterCard recently held a special musical, cashless 'thank you' event for the country's shop workers.
Using simple social engineering techniques, an attacker has managed to steal around $12,500 in bitcoins from virtual currency exchange BitInstant.
06 March 2013
Italian bank UniCredit has begun market tests of a new biometric payment system that uses infra-red sensors at the POS terminal to recognise the geometry of the veins in the palm of the user's hand.
05 March 2013
Spain's Bankinter is prepping a contactless mobile payments service that does not require a secure element within the handset.
04 March 2013
Australia's CommBank has launched a site that pools transactional data to give consumers insight into spending patterns and lifestyle trends.
American payments start-up Stripe has made its way across the Atlantic, launching a closed UK beta ahead of a wider European rollout.
01 March 2013
Financial technology lovers will make their way to the Level39 site in London's Canary Wharf later this month for a day-long hackathon organised by Open Bank Project parent Tesobe.
The world's biggest Bitcoin exchange, MT. Gox, has inked a deal that will see Silicon Valley-based CoinLab handle its North American operations.
28 February 2013
A YouGov poll of consumer attitudes to the introduction of portable bank account numbers has unearthed an underlying distrust of social and mobile technologies and a clear preference for human-to-human interaction via the branch, the call centre and the Web.
NAB customers are set to hit a digital landmark in a couple of months, making more transactions online and through their phones than in branches, predicts the Australian bank.
JPMorgan Chase has selected 'platform-as-a-service' vendor Apprenda to develop, deliver and manage its portfolio of internal applications, custom-built in .NET and Java.
27 February 2013
PayPal co-founder Max Levchin has launched a mobile money company which aims to make it easier for online shoppers to complete purchases.
Location-based social networking outfit Foursquare has struck a deal with Visa and MasterCard that will see cardholders receive discounts for checking in at certain retailers.
26 February 2013
Catch up with all the news from the MasterCard Mobile Payments Global Symposium at the Mobile World Congress in Barcelona on Tuesday.
MasterCard has unveiled MasterPass, a digital service that lets customers use any card or enabled handset to shop online and in the real world.
25 February 2013
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