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.
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.
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'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.
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 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.
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.
The world's banks will be forced to axe up to half of their staff and close 50% of branches over the next ten years if they are to remain relevant in an era of rapid technology change the former chief executive of Barclays Bank has warned.
© Finextra Research 2015