Innovation

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/Innovation

Preventing retail banking fraud

Giles Nelson, deputy chief technology officer at Progress Software discusses how to detect and prevent retail banking fraud.

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E-commerce verification outfit Trustev wins EC start-up competition

Trustev, an Irish firm which uses 'social fingerprinting' technology to verify online shoppers in real time, has won the European Commission's Tech All Stars competition.

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Credit union fills branches with 'technology champions' to push mobile services

An American credit union has put a 'technology champion' in every one of its 76 branches to help members get up to speed with its mobile and online services.

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PKO Bank fights the good fight against cash

Wojciech Bolanowski, managing director of Electronic Banking, PKO Bank Polski explains to Finextra how the firm's IKO Project, an account based mobile payments service for Poland, is not a fight against the cards market.

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Swedish Mpos vendor iZettle poised for global expansion

Ignacio Garcia, managing director, iZettle Spain discusses how the vendor increased Mpos adoption by 25% in Sweden and how the recent €5 million investment from Banco Santander will expedite its global expansion.

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CommBank to launch Support Community as part of online overhaul

Commonwealth Bank of Australia is to launch an online forum and information exchange where customers and bank staff can search for support and advice and engage in discussions for on-the-spot query resolution.

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Twitter and Chase offer small businesses $1m in free advertising

Twitter is handing over $1 million in advertising credits to Chase small business customers as part of a wider partnership aimed at helping firms tap into the social network.

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Mpos sparks merchants' interest

Erik Holst-Roness, chief strategy officer, SCCP Group discusses how mobile point of sale is gaining interest from large enterprises as well as corporates using Mpos for B2B and B2C sales.

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Social media and the mobile wallet

David Urbano, director of mobile channel & digital networks, CaixaBank talks about how the bank incorporates social media in its services and how the mobile wallet will evolve in the future.

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Make mine a pint of Bitcoin: UK pub chain takes virtual currency

A pub chain run by a former Cambridge University scientist has started accepting bitcoins in exchange for pints of beer.

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Live: MobeyDay 2013

Mobile banking professionals from around the world gathered in Barcelona on Tuesday for a day of networking and debate at the second annual MobeyDay. Finextra liveblogged events here.

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CaixaBank hosts international forum for mobile banking experts

CaixaBank will be hosting MobeyDay 2013 in Barcelona, bringing together financial institutions from all over the world, as well as network operators, technology providers and consultancy firms specialising in mobile banking.

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Big data to drive banks' mobile wallet strategies - Finextra research

Research from Finextra finds that banks around the world are looking to discounted offers and big data analytics to beat off the competition from telcos and tech start-ups as they battle for control of the consumer mobile wallet.

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Regulatory incoherence could stifle development of NFC - Acma

Australia's communications and media watchdog is warning that regulatory incoherence could stunt the growth of NFC-based mobile payments in the country.

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Bloomberg sets up $75m fund for tech start-ups

Financial data and news giant Bloomberg has branched out into the venture capital world, launching a $75 million fund focusing on technology start-ups within its "broad area of interest".

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Show me the money: Cash usage forecast to continue growing for another decade

Despite the hype surrounding mobile payments, the consumer love affair with notes and coins will continue unabated for at least another decade, with cash usage remaining on an upward curve in many developed and developing countries, according to a study by Market Platform Dynamics.

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Safaricom upgrades M-Pesa platform for faster payments

Kenya's Safaricom has embarked on a major overhaul of its M-Pesa mobile money platform which will dramatically increase processing capacity, enabling near real-time payments.

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PrivatBank goggles at Google Glass; Motorola takes the password pill

Ukraine's PrivatBank has released a conceptual video showing how the bank's mobile applications will be used by customers donning Google Glass.

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Barclays takes another payments hackathon crown; Holvi and Azimo talk disruption

In what is becoming a trend in the fintech world, Barclays has taken top honours at a London hackathon, this time triumphing at a weekend-long event hosted by payments start-up Birdback at Google Campus.

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New breed of money spending advisory apps set to disrupt payments value chain

The development of digital payment advisor (DPA) applications residing on customer smartphones and mobile devices has the potential to significantly disrupt the payment value chain states analyst group Gartner