23 September 2014

Latest News

Payments

Commerzbank incubator leads $15m investment in B2B commerce platform Traxpay

8 hours ago  |  1381 views  |  0

B2B payments startup Traxpay has raised £15 million in a series B funding round led by the incubation unit of Germany's Commerzbank, and announced a four-year relationship with MasterCard as it bids to achieve global scale.

Retail banking

ECB jumps the shark with new EUR10 'selfie' campaign

10 hours ago  |  1559 views  |  0

The European Central Bank's social media unit has moved beyond parody with the launch of a new campaign that encourages citizens to take a 'selfie' of themselves holding the new EUR10 banknote.

Payments

Challenger banks bring payments into perspective

11 hours ago  |  1775 views  |  4

Easier access to payments services, the need for a KYC utility and the inevitability of account number portability are among the key themes to emerge from a Finextra survey into the evolving UK payments landscape.

Risk & regulation

BBA to develop financial crime alert system; EBF signs MoU with Interpol

12 hours ago  |  1896 views  |  1

The British Banking Association is working with BAE Systems Applied Intelligence to develop a financial crime alert system that will see 12 government and law enforcement agencies warn banks of the latest threats to their integrity.

Payments

Citi launches Mobile Challenge

22 September 2014  |  3554 views  |  0

Citi is running a competition to encourage individual developers, teams and companies from around the world to create innovative mobile banking and payments applications.

Retail banking

Sun Life Financial sees positive returns from gamification programme

22 September 2014  |  2331 views  |  0

Canada's Sun Life Financial is hailing the success of an online gamification programme in motivating participants to increase their investments in workplace retirement savings plans.

Wholesale banking

London gets new startup fund

22 September 2014  |  2456 views  |  0

A new venture capital fund focusing on early-stage businesses in need of Series A financing has launched in London, reinforcing the UK capital's status as a magnet for tech startups.

Payments

Banks warned on IT risks

22 September 2014  |  4369 views  |  0

EU supervisory authorities are warning banks to reinforce IT controls and audits on third-party technology providers and to ringfence budgets related to operational risk.

Retail banking

Chase mobilises food trucks to feed the Apple fanboi lines

19 September 2014  |  5089 views  |  1

Chase has hired a fleet of food trucks to provide sustenance to Apple fanbois waiting in line for the new new iPhone 6 and 6 Plus models.

Retail banking

Home Depot says 56 million payment cards compromised in breach

19 September 2014  |  4953 views  |  9

US retail chain Home Depot says that 56 million payment cards are at risk following a malware-laden cyber-attack on eftpos tills across its stores in the US and Canada.

Payments

Swift baulks at EU resolution on Russian expulsion

19 September 2014  |  5425 views  |  0

Swift has given a strongly worded response to a European Parliament resolution calling on the EU to consider expelling Russia from the financial messaging network.

Mobile & online

Finextra expands into North America

19 September 2014  |  8007 views  |  0

Just as fintech steps from the shadows into the mainstream, Finextra is establishing a local North American editorial presence.

Retail banking

London event challenges fintech-types to launch a startup in a weekend

19 September 2014  |  3483 views  |  1

Fintech developers, designers and entrepreneurs are being invited to gather in London next month for a 54-hour hackathon that could see them win help from industry heavyweights to develop their ideas.

Mobile & online

Rabobank introduces QR code-based online banking authentication

19 September 2014  |  6178 views  |  1

Rabobank is tapping Vasco Data Security technology for a new security system that authenticates online customers through high definition QR codes.

Cards

Mahindra Comviva and First Data prep Indian mPOS rollout

18 September 2014  |  2994 views  |  1

India's Mahindra Comviva is partnering up with First Data to push its mPOS technology to the country's huge merchant community.

Transaction banking

Earthport eyes Asian opportunity on £26.6 million placing

18 September 2014  |  2928 views  |  2

Cross-border payments network Earthport has raised £26.6 million through the placing of 65 million shares with a mix of new and existing institutional investors.

Wholesale banking

Hong Kong signs for Swift RTGS backup system

18 September 2014  |  2158 views  |  1

Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.

Retail banking

Monitise shares plunge as Visa ponders stake sell-off

18 September 2014  |  3626 views  |  0

Shares in Monitise plummeted more than 25% in morning trading on news that Visa is "considering its options" on its 5.5% stake in the mobile money firm.

Mobile & online

BNP Paribas Fortis and SIX Payment Services target Belgian merchants

18 September 2014  |  2977 views  |  1

BNP Paribas Fortis and SIX Payment Services are promising to bust the Bancontact/Mister Cash monopoly in Belgium by launching their own one-stop payments shop for merchants, covering everything from terminals to acquiring services.

Security

MasterCard envisions biometric future

18 September 2014  |  6874 views  |  0

MasterCard is claiming a 98% success rate for pilot trials of a biometric verification system combining both voice and facial recognition.

Retail banking

Westpac launches innovation challenge

18 September 2014  |  2325 views  |  0

Westpac has teamed up with venture technology accelerator BlueChilli to challenge Australia's startups to develop ways to help the bank's business customers.

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