Latest Online banking News: Finextra Research

Another US firm sues bank after cyber-attack

A US title insurance firm that lost more than $200,000 after cybercrooks using the Zeus Trojan accessed its online account, is suing its bank, accusing it of lax security.

15 November 2011

News/Online banking

MasterCard and Intel team on NFC for e-commerce

MasterCard has teamed up with chip giant Intel to make online shopping simpler and more secure by letting customers tap their cards or phones against computers to complete payments.

14 November 2011

News/Online banking

Cloud-based payments start-up targeting SMBs launches

MineralTree, a US start-up providing cloud-based payment services specifically designed for small and medium businesses, has formally launched after securing $1.5 million in funding.

10 November 2011

Finextra TV/Online banking

How does the industry view the future of mobile?

Ann Cairns, president, International Markets at Mastercard discusses the future of mobile money and what the industry is expecting from innovation.

10 November 2011

News/Online banking

BankSimple rebrands; opens doors to first customers

US banking startup BankSimple is inviting its first customers onboard and rebranding the company to plain Simple.

08 November 2011

News/Online banking

Canadian banks to offer authentication backbone to government ID scheme

The Canadian government is to use bank-issued credentials from TD Bank, Scotiabank and BMO to enable citizens to obtain access to public services online.

07 November 2011

News/Online banking

HSBC ATM and e-banking services fall over

HSBC was hit by a major glitch on Friday afternoon, leaving angry customers unable to access their online accounts or use cash machines as the weekend beckoned.

04 November 2011

News/Online banking

Banks backing UK government online identity project

Big banks and card schemes are among a list of 26 companies that are working with the UK government on the creation of a new personal identity system for consumers transacting online.

03 November 2011

News/Online banking

Trojan gang leaders jailed

The ring leaders of a criminal gang that used a Trojan to steal nearly £3 million from bank accounts have been jailed.

01 November 2011

News/Online banking

Payments Council taps Experian for central biller database

The UK Payments Council has appointed Experian to create and maintain an industry database of corporate customers' payment information.

31 October 2011

News/Online banking

Where's my business model? Banks failing to invest in mobile services

Leading banks in Europe expect mobile financial service to revolutionise the retail banking landscape, but admit that they are not acting to take advantage of the opportunities presented or investing on the necessary scale, according to research conducted by McKinsey and the European Financial Marketing Association.

27 October 2011

News/Online banking

Mint launches iPad app; sets new benchmark for PFM

Intuit-owned personal finance management (PFM) outfit Mint has launched an iPad app it claims takes advantage of the tablet's large multi-touch screen to offer users a more interactive experience.

27 October 2011

News/Online banking

UK Payments Council to set online authentication and Faster Payments standards

The UK Payments Council is to set mandatory minimum standards for Faster Payments and customer authentication for online and telephone banking under a new national payments plan.

25 October 2011

News/Online banking

CommBank makes NFC play with Kaching

Commonwealth Bank of Australia has unveiled Kaching, a mobile phone application and case capable of conducting NFC-based, e-mail P2P, and Facebook payments from a single handheld device.

25 October 2011

News/Online banking

Parseq directors back CEO's takeover offer

The independent directors of Aim-listed mobile and online banking software outfit Parseq have backed a £33.8 million takeover offer from a consortium led by chief executive Rami Cassis.

24 October 2011

News/Online banking

PayPal aims to become your digital ID; unveils new bank, vendor, currency partnerships

PayPal has taken the wraps off its single sign-on digital identity service for online shopping, PayPal Access. The move comes as the San Jose-based payments operator unveils a series of new partnerships with a host of banking technology suppliers at the BAI Retail delivery show in Chicago.

12 October 2011

News/Online banking

Microsoft Kinect brings motion-sensing tech to the banking interface

Lithuanian company Etronika has demonstrated a beta version of an application that uses Microsoft's Kinect motion sensor technology as an interface to on-screen consumer banking applications.

12 October 2011

News/Online banking

More Brits go online to bank than use social media - Nationwide

Far more Brits go online to bank than use social media sites such as Twitter and Facebook, according to a survey for Nationwide Building Society.

11 October 2011

News/Online banking

Banking Trojan hijacks out-of-band SMS security - Trusteer

Security outfit Trusteer has discovered a new attack used by the SpyEye Trojan that can circumvent mobile SMS security measures used by many banks.

07 October 2011

News/Online banking

Bank of America comes clean on Web site problems; Citi apologises for payments processing failures

Bank of America blames a combination of heavy site traffic and an ongoing systems upgrade on the slow response times and intermittent outages that have bedevilled the bank's Website over the past week.

06 October 2011