22 November 2014

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After a breakout 12 months for tap and pay, 'contactless' has made Oxford Dictionaries' shortlist for international word of the year.

The day after it was fined £56 million over an IT meltdown, Royal Bank of Scotland has suffered a minor glitch which has seen some customers unable to use their credit and debit cards.

HSBC business customers can now take payments using just a mobile phone number, as the UK bank rolls out the Paym service for Business Internet Banking subscribers.

Susanne Chisti, a former global project manager at Deutsche Bank, is to launch a new angel network focused solely on opportunities in the fintech sector.

Square is looking to expand beyond North America by making its Register point-of-sale software available to businesses worldwide.

Coinbase has struck a deal with payments platform RewardsPay that enables online shoppers to use bitcoin for purchases at the likes of iTunes and Facebook.

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The former chief operating officer of Allied Irish Bank, Anne Boden, is planning to launch a new digital-only bank in the UK next year, under the name Starling.

A startup offering a Website and app that predicts the price of real estate property sales has walked away with a $40,000 cash prize and a six-month placement on the BlueChilli accelerator programme as the winner of Westpac's inaugural Innovation Challenge.

The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.

The Securities and Exchange Commission has approved new rules designed to strengthen the US market's technology infrastructure, which has frequently buckled under increasing strain in recent years.

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