28 November 2015

All News

The European Payments Council has released proposals for the design of a pan-European instant credit transfer scheme, with the aim of bringing real-time money transfers across the Sinlge Euro Payments Area (Sepa) by November 2017.

The Prudential Regulation Authority (PRA) has fined Raphaels Bank £1.3 million for "potentially putting its safety and soundness at risk" by failing to properly manage an outsourcing deal for its cash machines.

Mexico's BBVA Bancomer has become the first bank to commercially implement technology that replace static three-digit security codes with a dynamic CVV/CVC that changes every 20 minutes as part of its mobile wallet app.

Retail banking

ATM attack vectors on the rise

27 November 2015  | 0 comments | 3 tweets | 2 linkedin

From sophisticated stealth raids using malware and skimming devices to brute force assaults via ram raids and explosive cannisters, the range of attack vectors on European cash machines by criminal gangs shows no sign of diminishing according to the latest figures compiled by the European ATM Security Team.

Retail banking

BofE launches blockchain challenge to find interns

27 November 2015  | 0 comments | 10 tweets | 7 linkedin

The Bank of England is challenging students to come up with ideas for using blockchain technology to make a "positive difference to society," dangling the carrot of paid internships to those delivering the best pitches.


Visa Europe gathers students for 'beyond plastic' design jam

27 November 2015  | 0 comments | 5 tweets | 4 linkedin

Visa Europe's innovation hub has been tapping into the youth market, bringing together 100 students from City University London for a weekend-long 'design jam' exploring ways to pay beyond plastic.

Features and analysis

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Mobile & online

WeChat launches mobile wallet in South Africa

26 November 2015  | 0 comments | 17 tweets | 15 linkedin

WeChat, the social messaging app developed by Chinese e-commerce outfit Tencent, has launched a mobile wallet service in South Africa in partnership with Standard Bank.


London black cabs to accept card and contactless payments

26 November 2015  | 3 comments | 12 tweets | 26 linkedin

London black cabs have been given the go-ahead to accept cards and contactless payments for the first time as they face up to competition from rival service Uber.

Wholesale banking

UK plays host to mediterranean fintech startups

26 November 2015  | 0 comments | 14 tweets | 3 linkedin

Canary Wharf innovation centre Level39 is playing host to 24 fintech startups from across the Mediterranean for a two-day programme organised by UK Trade and Investment, with the aim of raising the profile of London's vibrant financial scene as a strategic partner for growing early-stage businesses.

Swiss fintech acclerator Nexussquared has launched a virtual blockchain startup porgramme for early-stage European companies that have already acquired seed funding.

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