27 November 2014

Latest News

Retail banking

Man goes on ATM rampage after machine rejects his card

26 minutes ago  |  231 views  |  0

In an uncontrollable fit of ATM rage, a Chinese man took a hammer to nine cash machines in the City of Guangzhou after his bank card was rejected.

Payments

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

2 hours ago  |  1798 views  |  0

Santander, Telefonica and MasterCard are to invest £49.2 million in Montise, providing a welcome boost to the London-based mobile money outfit after Visa decided to sell off its stake in the company.

Start ups

Clinkle entices students with vending machine full of free cash

19 hours ago  |  2452 views  |  0

Much derided mobile payments startup Clinkle has unveiled its customer acquisition strategy: bribing students with $20 bills from a vending machine stuffed with cash.

Cards

Discover fires lawsuit alleging anti-competitive practices at Visa

26 November 2014  |  2520 views  |  3

Discover has filed a lawsuit accusing rival card scheme Visa of anti-competitve practices in its debit card business.

Retail banking

Retailers to beam offers to passengers travelling on Norwich buses

26 November 2014  |  2418 views  |  0

UK transport company FirstGroup has deployed bluetooth low energy beacons on buses in Norwich to deliver messages and discounts from local retailers to passenger smartphones as they travel through the city.

Retail banking

Danish telcos sell m-payments venture to bank-owned rival

26 November 2014  |  4858 views  |  0

Swipp, a mobile payments service owned by a consortium of Danish banks, has acquired Paii, a rival outfit formed by a group of telcos.

Cards

Twitter lets users add coupons to cards for in-store redemption

25 November 2014  |  2580 views  |  0

In its latest foray into the commerce sphere, Twitter is testing a feature that lets users add discounts from advertisers on the social network to their payment cards.

Mobile & online

Crédit Agricole joins French bank-run e-payments service

25 November 2014  |  3152 views  |  1

Paylib, a PayPal-style online payment system set up last year by French banks, is extending its reach thanks to the addition of Crédit Agricole as a member and a deal with MasterCard that will let people use the service abroad.

Retail banking

ING to cut 1700 staff and grow digital investment

25 November 2014  |  3843 views  |  2

Dutch bank ING is to cut 1700 jobs and spend EUR200 million to simplify and upgrade its IT systems over the next three years.

Trade execution

Neptune bids to FIX liquidity shortage in bond trading

25 November 2014  |  2988 views  |  0

The FIX trading community has agreed a set of best practices for use of the messaging protocol for the exchange of pre-trade information in the bond market, as banks and asset managers work together to overcome a liquidity shortage in fixed income trading.

Retail banking

NAB decommissions 37 legacy servers as it deploys new credit risk engine

25 November 2014  |  2598 views  |  0

NAB has decommissioned 37 legacy servers that supported its old credit risk engine, following the successful roll-out of a new analytics layer as part of the Australian bank’s NextGen programme.

Cards

Startup taps Indiegogo for BLE-enabled wallet

24 November 2014  |  2864 views  |  0

Half of Silicon Valley may be bidding to make it a relic of the past, but the old fashioned leather wallet is getting a new lease of life through a high-tech makeover.

Retail banking

Man spends five hours locked in bank branch

24 November 2014  |  3835 views  |  3

A man spent nearly five hours trapped inside a bank branch yesterday after a technology failure locked the door on him.

Retail banking

Bank of England appoints Deloitte to probe Chaps breakdown

24 November 2014  |  4047 views  |  0

The Bank of England has appointed Deloitte to conduct an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last month.

Start ups

Goldman takes stake in data analytics platform Kensho

24 November 2014  |  5152 views  |  0

Goldman Sachs has led a $15 million investment round in Kensho, a startup that is seeking to supplant human equity analysts with intelligent big data mining bots.

Retail banking

Visa Inc frets over $10 billion price tag on European brand

24 November 2014  |  8470 views  |  0

Visa Inc says that it may have to find $10 billion to fund the acquisition of Visa Europe should European banks exercise their option to sell the business to its US counterpart.

Cards

RBS suffers another IT glitch

21 November 2014  |  7419 views  |  2

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  |  7296 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.

Cards

Contactless makes Oxford Dictionaries word of the year shortlist

21 November 2014  |  15937 views  |  0

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

Retail banking

Fintech angel network gears up for launch

21 November 2014  |  5661 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.

Cards

Square takes Register worldwide

20 November 2014  |  4042 views  |  0

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

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