Non-bank competitors

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/Non-bank competitors

Mobile operators call for banking reforms

Vodafone and Nokia are calling for a new regulatory framework to encourage transactions by mobile phones in developing countries.

/Non-bank competitors

Zopa opens doors to business lenders

UK peer-to-peer lending platform Zopa has opened its doors to businesses wanting to participate in the unsecured lending marketplace.

/Non-bank competitors

Japan Post hands Yucho banking IT contract to Hitachi, NTT Data consortium

Japan Post has awarded a consortium including Hitachi and NTT Data a Y22 billion contract to supply the IT infrastructure for Yucho Bank, which will be created later this year through the privatisation of the postal company.

/Non-bank competitors

Germany's Wirecard Bank opens in Second Life

Germany's Wirecard Bank has become the latest financial services firm to establish a virtual branch in 3D online universe Second Life and says it also plans to set up shop in science fiction game Entropia Universe.

/Non-bank competitors

PayPal gets banking licence in Europe

Person-to-person payments firm PayPal has been granted a banking licence in Luxembourg and is relocating its European headquarters to the country from London, in a move that will see it escape FSA oversight and multiply the number of Web sites that can offer its service.

/Non-bank competitors

Fortis and Irish Post Office launch community banking JV

Postbank, a community banking service set up by Dutch-Belgian banking group Fortis and the Irish Post Office, has been introduced at 250 post offices and will be extended to 1000 locations across Ireland by the end of the year.

/Non-bank competitors

Australia Post signs NSW Teachers Credit Union to authentication technology

The Australia Post has signed NSW Teachers Credit Union as the first customer for its one-time password (OTP) authentication system for Internet banking.

/Non-bank competitors

Tesco adds Open University courses to loyalty card scheme

Customers who shop at Tesco supermarkets and petrol stations will soon be able to use loyalty card points to pay for distance-learning courses run by the Open University.

/Non-bank competitors

PayPal claims a third of UK adult population; Feds investigate HQ blast

Person-to-person payments outfit PayPal says that it now has over 15 million account holders in the UK, representing over a third of the adult population.

/Non-bank competitors

Online shopping vouchers launched in UK; European roll-out planned for 2007

Ireland-based 3V Transaction Services has partnered with Visa, Irish Life and Permanent and cash acceptance network, payzone, to launch pay-as-you-go online shopping vouchers for UK consumers.

/Non-bank competitors

Prosper signs up 100,000 members; generates $20 million in loans

US-based online person-to-person loan exchange Prosper says it has signed its 100,000th member and presided over $20 million in loan agreements in its first six months of operation.

/Non-bank competitors

Prudential names Ian Kerr CEO of Egg

UK insurance group Prudential has appointed HBOS retail banking head Ian Kerr as chief executive of its Internet banking operation Egg.

/Non-bank competitors

Pre-paid cards tipped for growth in Europe

European consumers are set to spend EUR75 billion by 2010 using reloadable pre-paid cards, which are targeted at customers that do not have a bank account.

/Non-bank competitors

Coinstar buys Travelex money transfer business

UK non-bank foreign exchange operator Travelex has sold its money transfer subsidiary to US-based Coinstar for $27 million in cash.

/Non-bank competitors

Money matters at Chelsea

Chelsea Footbal Club has launched a new Web portal that will provide its 3.8 million fans with information on savings and investments and access to independent financial advice.

/Non-bank competitors

Irish Post Office signs MoU with Fortis for financial services JV

Dutch-Belgian banking group Fortis says it has signed a memorandum of understanding (MoU) to establish a financial services joint venture with The Irish Post Office, An Post.

/Non-bank competitors

Citibank to deliver ATM services at 7-Eleven stores

Citibank has inked a deal to provide free ATM services to customers at more than 5500 7-Eleven convenience stores across the US. Financial terms of the contract were not disclosed.

/Non-bank competitors

NTT DoCoMo launches mobile credit payment service

Japanese mobile phone operator NTT DoCoMo is launching a new mobile phone-based credit card payment service called DCMX mini.

/Non-bank competitors

Gemplus launches 'plastic fantastic' card range

French smart card vendor Gemplus has launched a range of innovative and unconventional card designs, dubbed "plastic fantastic", which it says will enable card issuers to differentiate their offerings.

/Non-bank competitors

Sainsbury's Bank grows online financial sales

UK supermarket bank Sainsbury's says the percentage of financial products sold via its Web site has more than doubled over the last two years to 40%.