23 November 2014

Latest News

Cards

RBS suffers another IT glitch

21 November 2014  |  4419 views  |  1

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.

Payments

HSBC rolls out Paym for business customers

21 November 2014  |  4603 views  |  1

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.

Mobile & online

Contactless makes Oxford Dictionaries word of the year shortlist

21 November 2014  |  10443 views  |  0

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

Wholesale banking

Fintech angel network gears up for launch

21 November 2014  |  4162 views  |  0

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.

Mobile & online

Square takes Register worldwide

20 November 2014  |  3278 views  |  0

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

Virtual currency

Coinbase partners RewardsPay to bring bitcoin payments to iTunes and Facebook

20 November 2014  |  3545 views  |  0

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.

Retail banking

Former AIB COO to launch UK digital bank

20 November 2014  |  5286 views  |  1

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.

Start ups

House price prediction startup wins Westpac Innovation Challenge

20 November 2014  |  2354 views  |  0

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.

Risk & regulation

RBS and Ulster Bank hit with £56 million fine over IT meltdown

20 November 2014  |  4311 views  |  0

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.

Risk & regulation

SEC strengthens exchange technology rules

19 November 2014  |  3005 views  |  0

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.

Retail banking

Fidelity takes portfolios into virtual reality with Oculus Rift app

19 November 2014  |  3514 views  |  2

US financial services giant Fidelity Investments has built an application for the Oculus Rift virtual reality headset that lets investors visualise their portfolio as a 3D city.

Retail banking

Barclays Pingit is just the ticket for First Bus

19 November 2014  |  3688 views  |  0

First Bus has become the first UK nationwide public transport company to offer Barclays Pingit as a mobile payment option.

Wholesale banking

Silicon Valley Bank to take students on tech trek

19 November 2014  |  2011 views  |  0

Silicon Valley Bank is to take 18 of the nation's top university students on a three-day tour of the Californian tech hotspot, where they will be introduced to a 'who's who' of influential investors and entrepreneurs.

Retail banking

Google to give away $100,000 in mobile wallet recruitment campain

19 November 2014  |  4205 views  |  2

Google is to give away $100,000 to users of its mobile wallet who recruit a friend to the platform, as it prepares to do battle with Apple Pay and Softcard for market share over the all-important US holiday season.

Payments

PayPal launches Pebble smartwatch app

19 November 2014  |  4636 views  |  0

PayPal has built an app for the Pebble smartwatch that lets users check in and pay at retailers on the go.

Mobile & online

BNY Mellon establishes Silicon Valley innovation centre

18 November 2014  |  4065 views  |  0

Investment management and services group BNY Mellon has set up an innovation centre in Silicon Valley as it seeks to harness the power of big data, cloud computing and the Internet of Things.

Retail banking

Contactless payments in UK head for mainstream - Worldpay

18 November 2014  |  8927 views  |  0

Contactless has shaken off its novelty tag in the UK and is surging towards the mainstream according to Worldpay, which is reporting a 150% rise in volumes over the past six months.

Virtual currency

US Marshals in second auction of Dread Pirate Roberts bitcoin treasure trove

18 November 2014  |  1922 views  |  0

The US Marshals Service is looking at a $20 million payday as it auctions off 50,000 bitcoins seized from alleged Silk Road kingpin Ross Ulbricht, otherwise known as Dread Pirate Roberts.

Retail banking

South Korean messaging firm partners banks on mobile wallet

18 November 2014  |  3573 views  |  0

South Korean Web giant Daum Kakao has teamed up with 16 banks to launch a mobile wallet service for online, offline and person-to-person payments.

Retail banking

Post Office launches Twitter donation service for Children in Need

18 November 2014  |  2424 views  |  0

Twitter users can now tweet to donate cash to the UK's Children in Need charity campaign, 'Be a Hero', through a service developed by the Post Office and IMImobile.

Security

Snapchat partners Square on P2P payments

17 November 2014  |  4269 views  |  1

Snapchat has teamed up with Square to enable users to send each other money through the Photo sharing app.

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