17 September 2014

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With an overhauled website and mobile app to show off, London-based currency exchange startup TransferWise has stepped up its assault on the banking industry in its first TV ad.

European card issuers stand to lose $8 billion per year from a revenue pool of $60 billion beginning in 2015, as stiffer regulation and caps on interchange fees take their toll, according to a study by the Boston Consulting Group.

First direct, a bank that has no high street branches but still manages to make its customers feel valued, is the top-rated brand for customer service in the UK, according to a survey by consumer champion Which?

The New York Attorney General's office has charged five individuals, including three bank tellers, with running an identity-theft ring that stole $850,000 from some of New York's biggest banks over a four-year period.

The US telco-backed Softcard consortium has received a welcome boost with news that the giant fast food chain Subway is to deploy its Card Rewards Program as part of a national roll-out of the SmartTap payment app.

Amazon is killing off WebPay, admitting that the person-to-person money transfer service is not good enough to keep persevering with.

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Bangladesh's central bank has warned that anyone using bitcoin in the country could face a jail term of up to 12 years.

CME Group has revamped its leadership structure, naming company veteran Kim Taylor president of global operations, technology and risk.

Commuters using the London tube network can now tap their contactless bank cards on the ticket barriers to pay for their journeys, further displacing cash on the capital's transit system.

Electronic trading in the corporate bond market is set to reach 20% in volume by 2016 as buy side investors spread the net in the search for new sources of liquidity, says Greenwich Associates.

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