26 July 2014

Latest News

Mobile & online

Digital bank Holvi preps Irish launch

17 hours ago  |  1546 views  |  0

Holvi, the Finnish digital banking startup targeting small businesses, has hired former SumUp exec Thomas O'Reilly as it prepares to enter the Irish market next month.

Cards

Contactless payments to arrive on London's Tube in September

22 hours ago  |  2381 views  |  0

Londoners will soon be able to pay for journeys on the tube, DLR and overground with their contactless bank cards and mobile phones.

Mobile & online

USAA enlists IBM's Watson to help military personnel transition to civilian life

25 July 2014  |  1874 views  |  1

Online army bank USAA has begun using IBM's Watson cognitive computing platform to help military personnel ease back into civilian life.

Wholesale banking

Barclays seeks dismissal of NY Attorney General's dark pool lawsuit

24 July 2014  |  1555 views  |  1

Barclays has filed a motion seeking to throw out a lawsuit from the New York Attorney General accusing the bank of deceptively luring unwary investors to a dark pool that was actually being run for the benefit of predatory high-frequency traders.

Retail banking

European Central Bank site hacked

24 July 2014  |  2730 views  |  0

Crooks have hacked the European Central Bank's website, stealing contact data and demanding a ransom for its return.

Cards

Police make StubHub cybercrime ring arrests

24 July 2014  |  1799 views  |  0

New York authorities have charged six people accused of being part of an international criminal gang which used stolen card data to buy thousands of event tickets through eBay-owned StubHub.

Mobile & online

Apple talking to Visa about mobile payments - report

24 July 2014  |  6754 views  |  13

Apple is in talks with Visa as it ponders launching a mobile wallet this autumn, according to tech site The Information.

Retail banking

Online lender AvantCredit raises $75m

24 July 2014  |  1314 views  |  0

AvantCredit, a Chicago-based online consumer lender, has raised $75 million in a series c funding round led by Tiger Global Management and secured a $200 million credit facility.

Retail banking

University incubator companies pitch to Barclays

23 July 2014  |  2611 views  |  0

A business incubation programme run by a consortium of UK universities has been pitching promising startup companies to Barclays Bank.

Retail banking

PayPal brings small biz working capital programme to UK

23 July 2014  |  2856 views  |  1

PayPal is bringing its working capital programme for small business customers to the UK, offering firms cash advances against future sales.

Wholesale banking

Iress introduces Twitter market data service

23 July 2014  |  1795 views  |  0

Fintech vendor Iress is promising to bring market data to the masses through a tool that allows people to request share process information through Twitter.

Retail banking

Amazon sneaks out wallet app

22 July 2014  |  5474 views  |  2

Amazon has taken another tentative step into the world of offline commerce through the launch of a mobile wallet app where customers can store loyalty and gift cards.

Risk & regulation

Swift signs more banks to KYC Registry

22 July 2014  |  3025 views  |  0

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

Payments

Ex-Google Wallet boss Bedier becomes PayRange director

22 July 2014  |  3215 views  |  1

Former Google Wallet chief Osama Bedier has turned up as a director at PayRange, a startup that builds dongles that can be attached to vending machines to enable them to accept mobile payments.

Retail banking

Westpac NZ trials HCE-based mobile contactless payments

22 July 2014  |  3049 views  |  0

Westpac has become the first bank in New Zealand to trial a host card emulation-based mobile NFC payments service.

Retail banking

BBA ponders Payments Council merger - Sky News

22 July 2014  |  2771 views  |  0

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.

Retail banking

Startupbootcamp names fintech accelerator startup finalists

21 July 2014  |  4980 views  |  0

A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

Payments

ACI Worldwide seeks opportunities in CNP fraud protection with ReD acquisition

21 July 2014  |  3628 views  |  0

ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash.

Payments

Monitise and IBM expand mobile commerce alliance

21 July 2014  |  4887 views  |  1

Monitise and IBM have strengthened their alliance, working together to push mobile banking, payments and commerce technology to financial institutions around the world.

Payments

Romanian cybercrime network dismantled

18 July 2014  |  4281 views  |  0

European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.

Retail banking

UK banks face competition probe

18 July 2014  |  3061 views  |  3

Britain's competition watchdog is preparing an in-depth investigation into the retail banking sector in a move which could eventually see the country's high street giants broken up.

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