HSBC chairman Douglas Flint has called for a public policy debate on the ownership and use of consumer transactional data, as rapid technological change enables banks to assimilate and store vast amounts of personal financial information.
M&S Bank cancelled the credit card, direct debits and standing orders of a customer after mistakenly marking her dead.
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Pizza Express is facing a series of demonstrations outside its restaurants by wait staff angry that the firm skims eight per cent of tips paid by card.
The number of mobile banking users globally is forecast to double to 1.8bn, encompassing over 25% of the world’s population, in the next four years, according to research by KPMG, using primary survey data supplied by UBS Evidence Lab.
With house prices in the UK continuing to climb and competition for properties increasing, Halifax has launched a mobile agreement in principle (AIP) tool so that prospective homebuyers can receive an instant lending decision in less than fifteen minutes.
Tokyo Metropolitan Police have arrested Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox over accusations that he siphoned off $1 million in customer funds to his own bank account.
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Vodafone has teamed up with payments firm Powa Technologies to enable UK pay as you go customers to top up their credit via QR codes.
Nasdaq OMX, Markit and private equity firms are all eyeing up a potential acquisition of Interactive Data in a deal that could be worth more than $5 billion, including debt, according to the Wall Street Journal.
Deutsche Bank is the latest major financial institution to laud the potential of the blockchain, confirming that it is exploring the use of distributed ledger technology for everything from securities clearing and settlement to anti-money laundering registries.
Shares in Fidelity National Information Services have climbed on speculation that the payment services group is in talks to buy financial technology conglomerate SunGard.