Non-bank competitors

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/Non-bank competitors

Woolworths to expand Australian financial services business

Australian retailer Woolworths Limited has applied for a special credit card licence with bank regulators in the country and plans to begin issuing its own branded cards from 2007, undermining an exclusive joint venture banking project established with Commonwealth Bank.

/Non-bank competitors

TRM acquires Travelex ATM business

Non-bank foreign exchange operator Travelex has sold its UK ATM business - comprising 1100 units - to US-based TRM Corporation for £43.4 million.

/Non-bank competitors

Bank of Ireland inks ATM deal with UK Post Office

The UK's Post Office has contracted with Bank of Ireland for the supply of 1000 "free of charge" cash machines which will be rolled out across its national branch network.

/Non-bank competitors

Yahoo! Japan teams with Nikko Cordial and E*Trade to launch online trading service

Yahoo! Japan is teaming with Tokyo-based brokerage Nikko Cordial and Internet broker E*Trade Securities to deliver online stock trading services to its users.

/Non-bank competitors

MasterCard Europe and ICE deliver card-based travellers cheques

MasterCard Europe is partnering with the International Currency Exchange (ICE) to launch Cash2Go, a PIN secured, pre-paid Maestro debit card designed to replace paper-based travellers cheques.

/Non-bank competitors

Sainsbury's Bank reports strong growth in online financial sales

UK supermarket bank Sainsbury's says it now sells over a third (30%) of its financial products online, a significant increase from two years ago when fewer than one in five (18%) purchases were made via its Web site.

/Non-bank competitors

Sainsbury's Bank launches Internet only account

Sainsbury's Bank, the financial services arm of the UK supermarket chain, is launching its first Internet only banking account.

/Non-bank competitors

Wincor Nixdorf wins Taiwan Post Office ATM contract

ATM manufacturer Wincor Nixdorf has won a contract to supply 532 cash machines to the Taiwan Post Office (TPO).

/Non-bank competitors

Tesco expands in banking

UK retailer Tesco is to move into mortgage sales and extend its online banking capabilities to benefit from cross-sales and low customer acquisition costs from its popular home shopping service.

/Non-bank competitors

Mobile payments operator NCS awarded e-money licence

Germany's NCS has received an electronic money licence from the country's Federal Institute for Financial Services Supervision (BaFin) allowing it to operate as a 'mobile payments bank' for payments and fund transfer services executed over wireless handsets.

/Non-bank competitors

Sainsbury's touts for deposits at the check-out

Supermarket chain Sainsbury's has stepped up its challenge to the UK banking industry with the launch of a new debit card-based system for capturing customer deposits at the check-out.

/Non-bank competitors

Barclaycard buys into House of Fraser store cards

Barclaycard is to take over the running of the House of Fraser store card business under a joint venture partnership with the upscale retailer.