29 March 2015

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UK online banking fraud losses soar 48%

27 March 2015  | 0 comments | 9 tweets | 11 linkedin

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

London - Big Ben

Barclays and PayPal join Government ID access scheme

26 March 2015  | 0 comments | 10 tweets | 11 linkedin

Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.

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Kreditech suspects data breach was inside job

24 March 2015  | 0 comments | 7 tweets | 3 linkedin

Kreditech, a Germany-based lender focused on the unbanked, has suffered a data breach that has resulted in the personal records of thousands of applicants stolen and dumped on the dark web.

The Department for Environment, Food and Rural Affairs, Defra, is enduring a series of embarrassing headlines after its £154 million system to process farmers' EU subsidy payments has been largely abandoned following a number of problems with its online interface.

Washington Capitol hill

US lawmakers form payments technology caucus

20 March 2015  | 0 comments | 13 tweets | 11 linkedin

A bipartisan group of US House of Representatives members have formed a caucus to investigate payment technologies.

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20 March, 2015 BBC
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Barclays and PayPal join Government ID acc...
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UK online banking fraud losses soar 48%
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Swift London Business Forum to continue di...
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Kreditech suspects data breach was inside...
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