23 May 2015

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Bruce Oreck, the US Ambassador to Finland, is to be the keynote speaker at Finextra's up-and-coming Future Money Nordics event in Helsinki.

Security

MasterCard's $19m Target settlement falls through

10 hours ago  | 0 comments | 4 tweets | 1 linkedin

MasterCard's $19 million settlement with Target over the retailer's data breach has collapsed in the face of opposition from banks.

The UK's established high street banks may have to set up greenfield operations free of legacy tech to take on the better-performing small challenger banks nipping at their heels, according to a report from KPMG.

JPMorgan Chase has launched a think tank that promises to deliver data-rich analysis that addresses big global economic challenges for the "public good".

Payments

Online scammers target lonely hearts and bitcoin fans

21 May 2015  | 0 comments | 6 tweets | 1 linkedin

Cybercrooks are increasingly targeting lonely hearts and cryptocurrency enthusiasts, scamming them out of their savings, according to the FBI.

The UK is one of just three countries that has declined to sign up to new European guidelines designed to make online payments more secure.

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Retail banking

Square opens Australian operation

21 May 2015  | 0 comments | 3 tweets | 5 linkedin

Mobile payments company Square is to open its fourth global hub in Melbourne, Australia, to drive sales of its Register tablet POS.

Retail banking

Postbank trials HCE mobile payments

21 May 2015  | 0 comments | 7 tweets | 7 linkedin

Germany's Postbank is to run an internal pilot of an NFC mobile payments app operating in a Host Card Emulation environment.

Mobile & online

Cash overtaken by non-cash payments in the UK

21 May 2015  | 4 comments | 46 tweets | 31 linkedin

For the first time, last year more payments in the UK were made electronically than with cash, according to figures from the Payments Council.

A Santander customer made to wait more than two weeks for a replacement debit card has expressed his displeasure by cross-stitching his own replica and sending it to the bank.

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