22 July 2014

Latest innovation news

Amazon sneaks out wallet app

7 hours ago  |  2111 views  |  1

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.

Swift signs more banks to KYC Registry

8 hours ago  |  1155 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.

Ex-Google Wallet boss Bedier becomes PayRange director

11 hours ago  |  1702 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.

Westpac NZ trials HCE-based mobile contactless payments

12 hours ago  |  1694 views  |  0

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

BBA ponders Payments Council merger - Sky News

12 hours ago  |  1653 views  |  0

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

Startupbootcamp names fintech accelerator startup finalists

21 July 2014  |  3792 views  |  0

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

ACI Worldwide seeks opportunities in CNP fraud protection with ReD acquisition

21 July 2014  |  2772 views  |  0

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

Monitise and IBM expand mobile commerce alliance

21 July 2014  |  3629 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.

Romanian cybercrime network dismantled

18 July 2014  |  3820 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.

UK banks face competition probe

18 July 2014  |  2752 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.

Funding running dry for payments startups as new entrants struggle to gain ground

18 July 2014  |  6399 views  |  10

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

Facebook tests 'buy' button; Twitter buys CardSpring

18 July 2014  |  3992 views  |  0

Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.

BBVA startup contest attracts 850 projects

18 July 2014  |  4341 views  |  0

A startup competition organised by Spanish bank BBVA has attracted entrepreneurs from 56 countries, showcasing 850 technology projects.

Turkey's TEB rolls out NCR video teller tech

18 July 2014  |  2613 views  |  0

Turkish Economy Bank (TEB) has deployed NCR Interactive Teller video technology in the lobby of one of its Istanbul branches, enabling customers to talk to off-site employees.

NY regulator sets out BitLicense plans

17 July 2014  |  3000 views  |  0

New York state's financial services regulator has set out the details of its planned 'Bitlicense' framework for firms dealing with virtual currencies.

US Treasury calls on financial sector to step up cybersecurity planning

17 July 2014  |  2579 views  |  0

A top US Treasury official has called on the financial services sector to step up its efforts to protect consumer privacy and critical infrastructures from the threat of cyber attacks.

Bank of Queensland apes hipster coffee shop aesthetic for new look branch

17 July 2014  |  2516 views  |  0

Australia's Bank of Queensland has unveiled the first of a new generation of bank branches, ripping out the counter and staid furniture in favour of a funky new design aesthetic.

Snapchat files payments-related trademarks

17 July 2014  |  3110 views  |  0

Photo sharing app Snapchat could be preparing a move into the payments arena, two recently filed trademarks suggest.

Visa takes on PayPal with Checkout button for Web and mobile payments

17 July 2014  |  7037 views  |  12

In its latest attempt to crack online and mobile payments, Visa has unveiled a system which lets virtual shoppers complete purchases with a couple of clicks.

Funding Circle raises $65m; adds former Wachovia boss to board

17 July 2014  |  2990 views  |  0

Funding Circle, a UK-based online marketplace for business loans, has raised $65 million in a series d financing round led by Index Ventures. In addition, the firm has added former Wachovia CEO Robert Steel to its board.

Bitcoin vault outfit Elliptic raises $2m

16 July 2014  |  3205 views  |  0

Elliptic, a UK startup behind an insured bitcoin storage service, has raised $2 million in a seed funding round led by Octopus Investments.

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