22 May 2015

Latest innovation news

Bigger banks may have to set up their own 'challengers' to take on new entrants

Bigger banks may have to set up their own 'challengers' to take on new entrants

8 hours ago  |  1792 views  |  4 comments | 9 tweets | 12 linkedin

The UK's established high street banks may have to set up greenfield operations free of legacy tech to take on the better-performing small challenger banks nipping at their heels, according to a report from KPMG.

Future Money Nordics welcomes US Ambassador Oreck as keynote speaker

Future Money Nordics welcomes US Ambassador Oreck as keynote speaker

18 hours ago  |  1535 views  |  0 comments | 1 tweets

Bruce Oreck, the US Ambassador to Finland, is to be the keynote speaker at Finextra's up-and-coming Future Money Nordics event in Helsinki.

JPMorgan Chase puts data to use with new think tank

JPMorgan Chase puts data to use with new think tank

18 hours ago  |  1805 views  |  0 comments | 4 tweets | 4 linkedin

JPMorgan Chase has launched a think tank that promises to deliver data-rich analysis that addresses big global economic challenges for the "public good".

Online scammers target lonely hearts and bitcoin fans

Online scammers target lonely hearts and bitcoin fans

23 hours ago  |  2155 views  |  0 comments | 6 tweets | 1 linkedin

Cybercrooks are increasingly targeting lonely hearts and cryptocurrency enthusiasts, scamming them out of their savings, according to the FBI.

UK opts out of European online payments security guidelines

UK opts out of European online payments security guidelines

21 May 2015  |  4826 views  |  0 comments | 17 tweets | 13 linkedin

The UK is one of just three countries that has declined to sign up to new European guidelines designed to make online payments more secure.

Square opens Australian operation

Square opens Australian operation

21 May 2015  |  2222 views  |  0 comments | 3 tweets | 5 linkedin

Mobile payments company Square is to open its fourth global hub in Melbourne, Australia, to drive sales of its Register tablet POS.

Postbank trials HCE mobile payments

Postbank trials HCE mobile payments

21 May 2015  |  2801 views  |  0 comments | 7 tweets | 7 linkedin

Germany's Postbank is to run an internal pilot of an NFC mobile payments app operating in a Host Card Emulation environment.

Cash overtaken by non-cash payments in the UK

Cash overtaken by non-cash payments in the UK

21 May 2015  |  5970 views  |  4 comments | 46 tweets | 31 linkedin

For the first time, last year more payments in the UK were made electronically than with cash, according to figures from the Payments Council.

Man cross-stitches debit card to protest replacement delay

Man cross-stitches debit card to protest replacement delay

21 May 2015  |  3497 views  |  2 comments | 10 tweets | 8 linkedin

A Santander customer made to wait more than two weeks for a replacement debit card has expressed his displeasure by cross-stitching his own replica and sending it to the bank.

WePay raises $40m

WePay raises $40m

20 May 2015  |  2053 views  |  0 comments | 4 tweets | 3 linkedin

E-commerce payment processor WePay has raised $40 million in a Series D funding round led by FTV Capital and joined by Japan's Rakuten.

BPCE pilots dynamic CVV code for online shopping

BPCE pilots dynamic CVV code for online shopping

20 May 2015  |  3193 views  |  12 comments | 10 tweets | 14 linkedin

Banque Populaire and Caisse d’Epargne are to pilot a payment card that replaces the three-figure CVV code on the rear of the card with a small screen display that automatically changes periodically.

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