28 November 2014

Latest innovation news

Skrill adds scale in pre-paid with plans to acquire Ukash

12 hours ago  |  2792 views  |  0

Skrill Group is to acquire Ukash, a UK-based electronic money system that allows users to exchange their cash for a secure code to make payments online.

Man goes on ATM rampage after machine rejects his card

14 hours ago  |  1892 views  |  1

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.

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

16 hours ago  |  5568 views  |  1

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

Clinkle entices students with vending machine full of free cash

26 November 2014  |  2832 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.

Discover fires lawsuit alleging anti-competitive practices at Visa

26 November 2014  |  2779 views  |  3

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

Retailers to beam offers to passengers travelling on Norwich buses

26 November 2014  |  2789 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.

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

26 November 2014  |  5102 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.

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

25 November 2014  |  2769 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.

Crédit Agricole joins French bank-run e-payments service

25 November 2014  |  3534 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.

ING to cut 1700 staff and grow digital investment

25 November 2014  |  4067 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.

Neptune bids to FIX liquidity shortage in bond trading

25 November 2014  |  3135 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.

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

25 November 2014  |  2687 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.

Startup taps Indiegogo for BLE-enabled wallet

24 November 2014  |  2969 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.

Man spends five hours locked in bank branch

24 November 2014  |  3907 views  |  3

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

Bank of England appoints Deloitte to probe Chaps breakdown

24 November 2014  |  4193 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.

Goldman takes stake in data analytics platform Kensho

24 November 2014  |  5427 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.

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

24 November 2014  |  8702 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.

RBS suffers another IT glitch

21 November 2014  |  7525 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.

HSBC rolls out Paym for business customers

21 November 2014  |  7457 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.

Contactless makes Oxford Dictionaries word of the year shortlist

21 November 2014  |  16079 views  |  0

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

Fintech angel network gears up for launch

21 November 2014  |  5733 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.

Previous 1 | 2 | 3 | 4 | 5 Next

Who is commenting on innovation?