19 December 2014

Latest innovation news

Royal Bank of Canada adds HCE to mobile app

10 hours ago  |  2555 views  |  0

Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.

International vendors on alert as US banks rethink core platform strategies

13 hours ago  |  1426 views  |  0

Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.

EU agrees interchange reforms

15 hours ago  |  3384 views  |  7

The fees that banks charge retailers to process shoppers’ payments should be capped under uniform rules across the EU following a deal struck by Economic and Monetary Affairs Committee and EU Council negotiators.

Apple Pay claims to cover 90% of US credit card market

17 December 2014  |  5202 views  |  1

Apple claims that banks representing up to 90% of credit purchase volume in the US are now signed up to its Apple Pay product.

Toronto subway gets card payment option

17 December 2014  |  2236 views  |  0

From next month, Toronto's commuters will finally be able to pay for subway journeys with their debit and credit cards, although contactless payments on the city's antiquated public transport network are still some way off.

MBNA to be first UK card issuer to deploy MasterCard digital wallet

17 December 2014  |  8406 views  |  0

MBNA is to be the UK’s first card issuer to offer a MasterPass powered digital wallet to its customers for online shopping.

Barclaycard to trial contactless gloves

16 December 2014  |  6437 views  |  2

Barclaycard has taken an innovative approach to the wearable payments market with the trial of 'tap and pay' woollen gloves that allow people to pay contactlessly for their Christmas shopping.

Canadians get bitcoin option for credit card payments

16 December 2014  |  4995 views  |  0

Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.

Bitcoin margin trading platform launched in Vietnam

16 December 2014  |  3854 views  |  0

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

Euronext launches app for retail investors

16 December 2014  |  2001 views  |  0

Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext's cash markets and other equity exchanges.

Himalayan Bank enhances card issuing

16 December 2014  |  1562 views  |  0

Himalayan Bank, a private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to improve issuance across its entire debit and credit card portfolio.

AmEx uses Serve platform for consumer savings research

16 December 2014  |  2404 views  |  0

American Express is tapping into its Serve software platform for a research pilot into the savings behaviour of customers.

Researchers tap quantum physics for fraud-proof credit cards

16 December 2014  |  4455 views  |  2

Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.

Banks far outstrip tech pretenders for consumer trust

16 December 2014  |  3238 views  |  1

Consumers trust banks far more than they do companies like Google, Apple and Amazon to protect their card details and personal financial information, according to research by Bizrate Insights.

Kuwait's Boubyan Bank enlists NCR video tech for mini-branch concept

15 December 2014  |  1731 views  |  0

Boubyan Bank has opened a mini-branch at Kuwait International Airport that uses NCR video technology to let customers talk to remote tellers.

Tech chief of cybercrime bank gets five year prison sentence

15 December 2014  |  2968 views  |  0

The former chief technology officer of Liberty Reserve has been sentenced to five years in prison for conspiring to operate an unlicensed money transmitting business - billed as the bank of choice for the cyber underground - that processed more than $16 billion in digital currency transactions.

DTCC/Swift top LEI rankings; overall industry coverage remains spotty

15 December 2014  |  4170 views  |  0

The DTCC and Swift have trumped 13 other Legal Entity Identifier (LEI) registration authorities in Q3 2014 rankings compiled by Tabb Group and Alacra for data consistency and uniformity.

Lloyds to pilot mobile cheque deposits with business customers

12 December 2014  |  8918 views  |  1

Lloyds Bank is to begin testing mobile cheque deposits with a select group of commercial customers.

Payfone and US banks partner for mobile authentication

12 December 2014  |  4914 views  |  1

Mobile authentication startup Payfone is working with US financial institutions to introduce technology that utilises the same security standards applied by wireless operators to identify their customers as they log-in to m-banking apps.

AmEx creates Silicon Valley tech hub

12 December 2014  |  7117 views  |  1

American Express is opening a technology hub in Silicon Valley that will house a team building up the card giant's capabilities in big data, cloud computing and mobile.

Cheque usage declines sharply, but popularity remains intact

12 December 2014  |  4577 views  |  6

New technologies come and go, but the paper cheque remains a popular staple for UK consumers and businesses, according to new figures from the Cheque and Credit Clearing Company.

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