24 April 2014

Latest News

Trade execution

HFT is harmful, say US market participants

1 hour ago  |  466 views  |  0

More than two thirds of US financial industry participants think that the equity markets are not fair and half consider high-frequency trading harmful, according to a survey from ConvergEx Group.

Risk & regulation

US exchange rows back on commitment to help regulate bitcoin trading platform

2 hours ago  |  427 views  |  0

The National Stock Exchange (NSX) has moved to play down its relationship with Atlas ATS, insisting that it has not agreed to regulate the bitcoin trading platform.

Wholesale banking

DTCC throws weight behind US move to T+2

22 hours ago  |  1206 views  |  0

The Depository Trust and Clearing Corporation (DTCC) is stepping up its efforts to shift the US capital markets industry to a T+2 settlement life-cycle.

Mobile & online

Lack of awareness stalling m-banking take-up

23 April 2014  |  1784 views  |  0

A lack of customer awareness could be hindering uptake of mobile banking services around the world, a new survey from BuzzCity suggests.

Mobile & online

PayPal boss Marcus softens stance on NFC but insists BLE will win out

23 April 2014  |  3156 views  |  4

PayPal chief David Marcus says that the rise of host card emulation has forced him to reevaluate his long-held scepticism about mobile NFC payments, but he still feels bluetooth low energy will be the technology the revolutionises the way we pay.

Wholesale banking

ICE buys Algo Technologies for Nyse overhaul - Bloomberg

23 April 2014  |  1892 views  |  0

IntercontinentalExchange has acquired Algo Technologies and will use the vendor's matching engine to boost the performance of the New York Stock Exchange, according to Bloomberg.

Retail banking

FNB faces Twitter backlash after joke bombs

22 April 2014  |  1994 views  |  0

First National Bank's Twitter guy has spent the day issuing grovelling apologies after a bomb-related joke blew up in his face.

Retail banking

TfL and mobile operators to test NFC payments

22 April 2014  |  2951 views  |  1

Transport for London is reportedly in negotiations with mobile operators ahead of a pilot which will see commuters pay for journeys through their NFC-enabled handsets.

Retail banking

Domino's integrates Google wallet into pizza ordering app

22 April 2014  |  1883 views  |  0

Peckish Americans now have a new tool at the disposal in the quest for pizza after Domino's integrated Google Wallet into its Android ordering app.

Risk & regulation

Watchdog criticises SEC cybersecurity

22 April 2014  |  1516 views  |  0

The Securities and Exchange Commission has been criticised by a US congressional watchdog over cybersecurity weaknesses, including the failure to authenticate users and encrypt sensitive data.

Retail banking

Square denies it discussed sale to Google

22 April 2014  |  2474 views  |  0

Speculation about the future of Square is growing after the mobile payments startup was forced to pour cold water on a Wall Street Journal report claiming that, facing growing losses and a shrinking cash pile, it has been in talks about a possible sale to Google.

Payments

Walmart launches money transfer service

17 April 2014  |  5176 views  |  2

Walmart is taking on Western Union and MoneyGram through the launch of a low-fee store-to-store money transfer service.

Payments

Brits wary of crypto-currency; Nakomoto outed?; bitcoin goes to pot

17 April 2014  |  3252 views  |  0

Despite the hype, the vast majority of Brits have no interest in using bitcoin to shop online, with a lack of trust cited as the main barrier to uptake.

Retail banking

Qapital takes PFM to the next phase with proprietary account integration

17 April 2014  |  2578 views  |  0

Swedish financial management start-up Qapital is preparing to launch in the US with a service that enables users to track their spending, set savings goals, and transfer cash to a savings account held by an FDIC-insured banking partner.

Payments

Chinese Web giant Baidu launches mobile wallet

17 April 2014  |  2890 views  |  0

Search engine provider Baidu has become the latest Chinese Web firm to move into the mobile money arena, launching a payments and wealth management wallet.

Cards

MasterCard to buy Oz loyalty specialist Pinpoint

17 April 2014  |  2547 views  |  0

MasterCard has struck a deal to buy PinPoint, a provider of loyalty and rewards service to banks and merchants in Asia Pacific. Financial terms were not disclosed.

Wholesale banking

Sifma calls for US market move to T+2

17 April 2014  |  2859 views  |  0

Sifma is calling for the US capital markets industry to move to a T+2 settlement lifecylce, as other markets worldwide bid to bridge the gap between trade execution and delivery of financial contracts.

Payments

Pay-by-sleeve: Heritage Bank unveils contactless payments suit

17 April 2014  |  7135 views  |  0

Forget watches and glasses, Aussie bank Heritage thinks it has found the cutting edge of wearable tech - a suit that lets customers make contactless payments through the flick of a sleeve.

Cards

Hardware vendor LaCie warns of card data breach

16 April 2014  |  2581 views  |  0

French computer hardware firm LaCie is warning customers who have used its Web site over the last year that hackers may have stolen their card data.

Retail banking

Nationwide rolls out in-branch video links for mortgage advice

16 April 2014  |  2382 views  |  0

British building society Nationwide has introduced in-branch video links that let customers talk to off-site mortgage consultants.

Mobile & online

ANZ chief Smith puts social media at the heart of the bank's future strategy

16 April 2014  |  5737 views  |  0

ANZ chief executive Mike Smith has committed to making social media engagement and digital services a "key business priority" for the Australian bank over the next three years.

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